Masco Corporation (NYSE:MAS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.
Stockholders (the Annual Meeting) on May 12, 2017 at its
corporate office in Taylor, Michigan. At the Annual Meeting,
Company stockholders elected three Class II directors, approved
the compensation paid to the Companys named executive officers
(say-on-pay), selected one year as the frequency for a say-on-pay
vote and ratified the selection of the Companys independent
auditors. The votes cast on each of the four proposals are set
forth below. As of the record date, 319,946,383 shares of Company
common stock were outstanding and entitled to vote.
until the Annual Meeting in 2020.
|
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
Keith J. Allman
|
248,518,939
|
2,754,595
|
275,768
|
20,860,687
|
|
J. Michael Losh
|
238,856,838
|
12,320,779
|
371,685
|
20,860,687
|
|
Christopher A. O’Herlihy
|
250,422,407
|
680,340
|
446,555
|
20,860,687
|
compensation paid to the Companys named executive officers, as
disclosed to the compensation disclosure rules of the Securities
and Exchange Commission, including the Compensation Discussion
and Analysis, the compensation tables, and the related material
disclosed in the Proxy Statement.
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
246,269,830
|
4,669,446
|
610,026
|
20,860,687
|
non-binding advisory votes on the Companys executive
compensation.
|
One Year
|
Two Years
|
Three Years
|
Abstentions
|
Broker Non-Votes
|
|
223,135,778
|
159,730
|
27,842,116
|
411,678
|
20,860,687
|
Directors determined to continue an annual say-on-pay vote until
the Company is next required, or the Board of Directors deems it
appropriate, to submit to the stockholders a proposal to select,
by advisory vote, the frequency of the say-on-pay vote.
PricewaterhouseCoopers LLP to act as independent auditors for the
Company for 2017.
|
Votes For
|
Votes Against
|
Abstentions
|
|
267,574,379
|
4,559,370
|
276,240
|
share repurchase program that authorizes the repurchase of up
to an aggregate value of $1.5 billion of the Companys
outstanding common stock. The manner, timing and amount of any
purchases will be determined by the Company based upon an
evaluation of market conditions, stock price and other factors.
The Boards authorization permits but does not obligate the
Company to acquire the full $1.5 billion of common stock, and
may be modified or suspended at any time, at the Companys
discretion. This authorization is effective May 15, 2017 and
cancels the Companys prior share repurchase program.
About Masco Corporation (NYSE:MAS)
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS. Its Cabinets and Related Products segment includes assembled kitchen and bath cabinets, home office workstations, entertainment centers, storage products, bookcases and kitchen utility products. Its Plumbing Products segment includes faucets, plumbing fittings and valves, showerheads and hand showers, bathtubs and shower enclosures, toilets, spas and exercise pools. Its Decorative Architectural Products segment includes paints and stains, cabinet, door, window and other hardware. Its Other Specialty Products segment includes windows, window frame components and patio doors, staple gun tackers, staples and other fastening tools. Masco Corporation (NYSE:MAS) Recent Trading Information
Masco Corporation (NYSE:MAS) closed its last trading session up +0.25 at 37.26 with 3,868,709 shares trading hands.