PARKER-HANNIFIN CORPORATION (NYSE:PH) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
(a)On October 25, 2017, the 2017 Annual Meeting of Shareholders of Parker-Hannifin Corporation (the “Company”) was held.
(b)(i)The Shareholders elected the following directors for a term expiring at the Annual Meeting of Shareholders in 2018, as follows:
|
NOMINEE |
VOTES FOR |
VOTES AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
|
Lee C. Banks |
104,651,700 |
3,554,851 |
415,622 |
8,686,351 |
|
Robert G. Bohn |
106,390,771 |
1,718,309 |
513,903 |
8,686,351 |
|
Linda S. Harty |
106,534,895 |
1,569,782 |
517,496 |
8,686,351 |
|
Robert J. Kohlhepp |
103,491,889 |
4,561,049 |
569,235 |
8,686,351 |
|
Kevin A. Lobo |
106,505,162 |
1,569,322 |
547,689 |
8,686,351 |
|
Klaus-Peter Mûller |
103,476,411 |
4,517,487 |
628,275 |
8,686,351 |
|
Candy M. Obourn |
104,478,980 |
3,531,878 |
611,315 |
8,686,351 |
|
Joseph Scaminace |
103,666,345 |
4,424,688 |
531,140 |
8,686,351 |
|
Wolfgang R. Schmitt |
103,185,490 |
4,791,328 |
645,355 |
8,686,351 |
|
Åke Svensson |
106,476,113 |
1,603,347 |
542,713 |
8,686,351 |
|
James R. Verrier |
106,097,648 |
1,905,104 |
619,421 |
8,686,351 |
|
James L. Wainscott |
105,452,836 |
2,629,925 |
539,412 |
8,686,351 |
|
Thomas L. Williams |
99,900,003 |
7,543,163 |
1,179,007 |
8,686,351 |
|
(ii) |
The Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2018, as follows: |
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
113,164,980 |
3,753,380 |
390,164 |
|
(iii) |
The Shareholders approved, on a non-binding, advisory basis, the compensation of the Named Executive Officers of the Company, as follows: |
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
102,088,416 |
5,690,095 |
842,509 |
8,686,351 |
|
(iv) |
The Shareholders recommended, on a non-binding, advisory basis, that future advisory shareholder votes on the compensation of the Company’s named executive officers should occur every year, as follows: |
|
Votes For 1 Year |
Votes For 2 Years |
Votes For 3 Years |
Abstentions |
Broker Non-Votes |
|
96,504,857 |
611,286 |
10,638,266 |
867,511 |
8,686,351 |
Based on these results, and consistent with the recommendation of the Board of Directors, the Company intends to hold future non-binding, advisory votes on the compensation of the Company's named executive officers every year until the next required vote on the frequency of such non-binding, advisory votes.
About PARKER-HANNIFIN CORPORATION (NYSE:PH)
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Diversified Industrial Segment consists of Automation Group, Engineered Materials Group, Filtration Group, Fluid Connectors Group, Hydraulics Group and Instrumentation Group. The Aerospace Systems Segment produces hydraulic, fuel, pneumatic and electro-mechanical systems and components, which are utilized on domestic commercial, military and general aviation aircrafts.
