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Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, held its 2018 Annual General Meeting of shareholders in Adare, Ireland.
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During the Annual General Meeting, the company's shareholders considered seven proposals: nominations to re-elect 12 members of Ingersoll Rand's Board of Directors; advisory approval of the compensation of the company's named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors' remuneration; the approval of the company's 2018 incentive stock plan; renewal of the Board of Directors' existing authority to issue shares; renewal of the Board of Directors' existing authority to issue shares for cash without first offering shares to existing shareholders; and determination of the price range at which the company can re-allot shares that it holds as treasury shares.
The results of the Annual General Meeting voting are as follows:
- All 12 individuals nominated for the Board of Directors – Kirk E. Arnold, Ann C. Berzin, John Bruton, Jared L. Cohon, Gary D. Forsee, Linda P. Hudson, Michael W. Lamach, Myles P. Lee, Karen B. Peetz, John P. Surma, Richard J. Swift, and Tony L. White – were elected to a one-year term, which expires at the company's next Annual General Meeting.
- The proposal to give advisory approval of the compensation of the company's named executive officers received approximately 94 percent of votes cast in favor.
- The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company and to authorize the Audit Committee to set the auditor's remuneration received approximately 97 percent of the votes cast in favor.
- The proposal to approve the company's 2018 incentive stock plan received approximately 91 percent of the votes cast in favor.
- The proposal to approve renewal of the Board of Directors' existing authority to issue shares received approximately 98 percent of the votes cast in favor.
- The proposal to approve renewal of the Board of Directors' existing authority to issue shares for cash without first offering shares to existing shareholders received approximately 98 percent of the votes cast in favor.
- The proposal to determine the price range at which the company can re-allot shares that it holds as treasury shares received approximately 99 percent of the votes cast in favor.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car®, Ingersoll Rand®, Thermo King® and Trane® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180611005103/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.