W.W. Grainger, Inc. (NYSE:GWW) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.
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(a)
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An annual meeting of shareholders of W.W. Grainger,
Inc. (the “Company”) was held on April 26, 2017. |
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(b)
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The number of shares issued, outstanding and eligible
to vote at the meeting as of its record date of March 6, 2017 was 58,719,653. |
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At the meeting:
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Managements nominees were elected as directors of the
Company for the ensuing year. Of the 47,963,809 shares present in person or represented by proxy at the meeting, the number of shares voted for, the number of shares as to which authority to vote in the election was withheld, and the number of broker non-votes were as follows with respect to each of the nominees: |
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Name
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Shares Voted For Election
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Shares as to Which Voting Authority Withheld
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Broker Non-Votes
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R. C. Adkins
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43,539,729
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340,940
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4,083,140
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B. P. Anderson
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42,872,578
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1,008,091
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4,083,140
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V. A. Hailey
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43,377,089
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503,580
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4,083,140
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S. L. Levenick
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42,997,899
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882,770
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4,083,140
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D. G. Macpherson
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43,460,346
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420,323
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4,083,140
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N. S. Novich
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42,505,231
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1,375,438
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4,083,140
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M. J. Roberts
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43,044,994
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835,675
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4,083,140
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J. T. Ryan
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43,090,850
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789,819
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4,083,140
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E. S. Santi
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43,513,471
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367,198
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4,083,140
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J. D. Slavik
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42,698,950
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1,181,719
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4,083,140
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A proposal to ratify the appointment of Ernst Young LLP
as independent auditor of the Company for the year ending December 31, 2017 was approved. Of the 47,963,809 shares present or represented by proxy at the meeting, 47,092,310 shares were voted for the proposal, 833,007 shares were voted against the proposal and 38,492 shares abstained from voting with respect to the proposal. |
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A non-binding advisory proposal to approve the
compensation of the Companys Named Executive Officers was approved. Of the 47,963,809 shares present or represented by proxy at the meeting, 42,599,343 shares were voted for the proposal, 827,618 shares were voted against the proposal and 453,708 shares abstained from voting with respect to the proposal. There were 4,083,140 broker nonvotes. |
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A non-binding advisory proposal to select the frequency
of the advisory vote on the compensation of the Companys Named Executive Officers was voted on. Of the 47,963,809 shares present or represented by proxy at the meeting, 41,565,423 shares were voted for one year, 253,916 shares were voted for two years, 1,948,072 shares were voted for three years and 113,258 shares abstained from voting with respect to the proposal. There were 4,083,140 broker non-votes. Consistent with the preferred frequency expressed by the Companys shareholders, the Company has determined to hold a non-binding advisory vote to approve the compensation of the Companys Named Executive Officers every year, until the next required non-binding advisory vote on the frequency of shareholder votes on the compensation of the Companys Named Executive Officers. |
About W.W. Grainger, Inc. (NYSE:GWW)
W.W. Grainger, Inc. (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. The Company operates through two segments, which include the United States and Canada. The Company’s business support functions provide coordination and guidance in the areas of accounting and finance, business development, communications and investor relations, compensation and benefits, information systems, health and safety, global supply chain functions, human resources, risk management, internal audit, legal, real estate, security, tax and treasury. The Company’s other businesses also include Zoro Tools, Inc. (Zoro), the single channel online business in the United States, MonotaRO Co. (MonotaRO) in Japan, and operations in Europe, Asia and Latin America. W.W. Grainger, Inc. (NYSE:GWW) Recent Trading Information
W.W. Grainger, Inc. (NYSE:GWW) closed its last trading session down -1.07 at 193.10 with 813,179 shares trading hands.
