TEREX CORPORATION (NYSE:TEX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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TEREX CORPORATION (NYSE:TEX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

(e) As described under Item 5.07 of this Current Report, on May
11, 2017, at the 2017 Annual Meeting of Stockholders (the Annual
Meeting) of Terex Corporation (Terex or the Company), the
Companys stockholders approved the Terex Corporation Amended and
Restated Employee Stock Purchase Plan (the Plan) to extend the
expiration date of the Plan from June 30, 2017 to June 30, 2027.
The Plan provides employees and outside directors the opportunity
to purchase Terex shares and to receive additional Terex shares
(15% of the participant contribution) to a Company matching
contribution. A description of the material terms of the Plan is
set forth in Proposal 3, under the heading To Approve an
Amendment of the Terex Corporation Employee Stock Purchase Plan
in the Companys Proxy Statement filed with the Securities and
Exchange Commission on March 31, 2017, which description is
hereby incorporated by reference into this Item 5.02(e). The
foregoing description of the Plan does not purport to be complete
and is qualified in its entirety by reference to the full text of
the Plan, a copy of which is filed as Exhibit 10.1 to this
Current Report on Form 8-K and is incorporated herein by
reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
(a) The Companys Annual Meeting was held on May 11, 2017.
(b) At the Annual Meeting, the Companys stockholders (i) elected
Paula H. J. Cholmondeley, Donald DeFosset, Thomas J. Hansen, John
L. Garrison, Matthew Hepler, Raimund Klinkner, David A. Sachs,
Oren G. Shaffer, David C. Wang and Scott W. Wine to the Companys
Board of Directors until the Companys next Annual Meeting of
Stockholders or until their respective successors are duly
elected and qualified, (ii) ratified the appointment of
PricewaterhouseCoopers LLP as the Companys independent registered
public accounting firm for the fiscal year ending December 31,
2017, (iii) approved an amendment to the Companys Employee Stock
Purchase Plan, (iv) approved in an advisory vote, the
compensation of the Companys named executive officers and (v)
approved, in an advisory vote, an annual advisory vote on the
compensation of the Companys named executive officers.
The voting results for each matter submitted to a vote of
stockholders at the Companys Annual Meeting were as follows:
For
Against
Abstain
Broker Non-Votes
Proposal 1: Election of Directors:
Paula H. J. Cholmondeley
79,690,020
1,809,851
88,696
10,568,060
Donald DeFosset
80,460,636
993,337
134,594
10,568,060
John L. Garrison
81,184,175
270,027
134,365
10,568,060
Thomas J. Hansen
81,221,720
233,209
133,638
10,568,060
Matthew Hepler
79,864,018
1,523,998
200,551
10,568,060
Raimund Klinkner
80,986,536
420,168
181,863
10,568,060
David A. Sachs
81,116,063
341,307
131,197
10,568,060
Oren G. Shaffer
81,165,710
290,314
132,543
10,568,060
David C. Wang
81,143,739
311,886
132,942
10,568,060
Scott W. Wine
70,873,190
10,545,252
170,125
10,568,060
– 3 –
For
Against
Abstain
Broker Non-Votes
Proposal 2: Ratification of the selection of
PricewaterhouseCoopers LLP as independent registered
public accounting firm for the Company for 2017
91,438,662
638,031
79,934
-0-
Proposal 3: To approve an amendment of the Terex
Corporation Employee Stock Purchase Plan
80,076,696
1,370,484
141,387
10,568,060
Proposal 4: Advisory vote on the compensation of the
Companys named executive officers
77,493,542
3,990,925
104,100
10,568,060
One Year
Two Years
Three Years
Abstain
Broker Non-Votes
Proposal 5: Advisory vote on the frequency of future
advisory votes on the compensation of the Companys
named executive officers
65,791,566
69,097
15,430,479
297,425
10,568,060
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.1 Terex Corporation Amended and Restated Employee Stock
Purchase Plan.
– 4 –


About TEREX CORPORATION (NYSE:TEX)

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The AWP segment’s products are used by its customers to construct and maintain industrial, commercial and residential buildings and facilities, and for other commercial operations, as well as in a range of infrastructure projects. The Cranes segment’s products are used by its customers for construction and manufacturing facilities, among others. The MP segment’s products are used by its customers in construction, infrastructure and recycling projects.

TEREX CORPORATION (NYSE:TEX) Recent Trading Information

TEREX CORPORATION (NYSE:TEX) closed its last trading session up +0.89 at 33.45 with 2,584,160 shares trading hands.