PPG INDUSTRIES, INC. (NYSE:PPG) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders.
At its 2018 Annual Meeting of Shareholders, the shareholders of PPG Industries, Inc. (the “Company”) voted on the following matters:
|
1. |
The three nominees for director were elected to serve three-year terms ending in 2021 as follows: |
|
Nominees |
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|
Victoria F. Haynes |
181,820,104 |
3,400,976 |
281,514 |
29,178,188 |
|
Michael W. Lamach |
183,024,536 |
2,212,087 |
265,971 |
29,178,188 |
|
Martin H. Richenhagen |
147,229,618 |
37,998,541 |
274,435 |
29,178,188 |
The following continuing directors did not stand for re-election at the 2018 Annual Meeting of Shareholders (the year in which each director’s term expires is indicated in parenthesis): JamesG. Berges(2019), John V. Faraci (2019), Gary R. Heminger (2019), Michael H. McGarry (2019), Stephen F. Angel (2020), Hugh Grant (2020), Melanie L. Healey (2020) and Michele J. Hooper (2020).
|
2. |
The proposal to approve the compensation of the Company’s named executive officers on an advisory basis was approved as follows: |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|
171,894,967 |
12,639,656 |
967,677 |
29,178,188 |
|
3. |
By the following vote, the shareholders did not approve the proposal (which required the affirmative vote of 80 percent of the Company’s outstanding shares) to amend the Company’s Articles of Incorporation to provide for the annual election of directors: |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|
184,570,148 |
621,090 |
311,356 |
29,178,188 |
|
4. |
The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2018 was approved as follows: |
|
Votes For |
Votes Against |
Votes Abstained |
|
208,545,713 |
5,799,107 |
335,962 |
There were no broker non-votes with respect to this matter.
As of the record date of the 2018 Annual Meeting, 249,322,784 shares of common stock were issued and outstanding.
About PPG INDUSTRIES, INC. (NYSE:PPG)
PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, and specialty coatings and materials businesses. Industrial, automotive OEM, packaging coatings, and specialty coatings and materials products are formulated specifically for the customers’ needs and application methods. The Glass segment consists of the flat glass and fiberglass businesses. The Company’s brands include SIKKENS, PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, CIL, RENNER, TAUBMANS, WHITE KNIGHT and BRISTOL.
