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.
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.
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.
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.
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
|
|||
|
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
|
Purchase Plan.
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.