PACCAR Inc (NASDAQ:PCAR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Item 5.02(f). On April 24, 2017, the Compensation Committee of
the Board of Directors approved the Long Term Performance Cash
Awards (LTIP Cash Awards) for the 2014-2016 cycle under the Long
Term Incentive Plan for the Named Executive Officers identified
in the Companys March 16, 2017 proxy statement (Proxy Statement).
The total compensation for each Named Executive Officer reported
in the Summary Compensation Table on page 24 of the Proxy
Statement has been recalculated to include the LTIP Cash Awards
as follows:
| Non-EquityIncentivePlan Compensation | ||||||||
|
Named Executive Officer |
LTIP Cash Award | TotalCompensation | ||||||
|
R. E. Armstrong |
$ | 1,165,725 | $ | 8,831,745 | ||||
|
R. J. Christensen |
$ | 869,500 | $ | 5,176,979 | ||||
|
G. L. Moore |
$ | 318,820 | $ | 2,566,008 | ||||
|
R. A. Bengston |
$ | 303,120 | $ | 1,989,517 | ||||
|
T. K. Quinn |
$ | 411,060 | $ | 1,828,656 |
Item5.07. Submission of Matters to a Vote of Security
Holders
| (a) |
The annual meeting of stockholders was held on April 25, 2017. |
| (b) |
Following is a brief description and vote count of all items voted on at the annual meeting: |
Item No.1. Election of Directors.
The following persons were elected to serve as ClassI directors
with a term expiring in 2018:
| Shares Voted | SharesVoted | Broker | ||||||||||||||
| Nominee | For | Against | Abstentions | Nonvotes | ||||||||||||
|
B. E. Ford |
301,190,068 | 1,084,301 | 561,241 | |||||||||||||
|
K. S. Hachigian |
301,105,612 | 1,210,533 | 519,465 | |||||||||||||
|
R. C. McGeary |
291,394,661 | 10,925,281 | 515,668 | |||||||||||||
|
M. A. Schulz |
301,066,473 | 1,242,890 | 526,247 |
Item No.2. Advisory Resolution to Approve Executive Compensation.
Item No.2 received the affirmative vote of a majority of the
shares present and entitled to vote at the meeting.
|
Shares Voted For |
Shares Voted Against | Abstentions | Broker Nonvotes | |||
| 287,007,409 | 15,099,491 | 728,221 |
Item No.3. Advisory Vote on the Frequency of Executive
Compensation Votes.
Three Years received the highest number of affirmative votes of
the shares present and entitled to vote at the meeting.
|
Shares Voted ForOneYear |
Shares Voted ForTwoYears | Shares Voted ForThreeYears | Abstentions | Broker Nonvotes | ||||
| 135,801,521 | 2,385,287 | 164,057,520 | 589,443 | 1,839 |
Item No.4. Stockholder Proposal to Eliminate Supermajority
Voting.
Item No.4 received the affirmative vote of a majority of the
shares present and entitled to vote at the meeting.
|
Shares Voted For |
Shares Voted Against | Abstentions | Broker Nonvotes | |||
| 158,139,290 | 142,494,857 | 2,200,113 | 1,350 |
Item No.5. Stockholder Proposal to Provide Proxy Access.
Item No.5 did not receive the affirmative vote of a majority of
the shares present and entitled to vote at the meeting.
| SharesVoted For | SharesVoted Against | Abstentions | Broker Nonvotes | |||
| 148,997,996 | 151,498,527 | 2,337,737 | 1,350 |
| (c) | Not applicable. |
About PACCAR Inc (NASDAQ:PCAR)
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers. PACCAR’s other businesses include a division of the Company, which manufactures industrial winches in over two the United States plants and markets them under the Braden, Carco and Gearmatic nameplates. PACCAR’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. PACCAR’s finance and leasing activities are principally related to PACCAR products and associated equipment. PACCAR Financial Services (PFS) operates in over 20 countries. PACCAR Inc (NASDAQ:PCAR) Recent Trading Information
PACCAR Inc (NASDAQ:PCAR) closed its last trading session up +0.32 at 66.73 with 2,247,255 shares trading hands.