Item 5.07. Submission of Matters to a Vote of Security Holders.
(a) The Company’s Annual Meeting of Stockholders was held on May 12, 2023. The matters voted on and the results of the vote were as follows.
(b) The Company’s stockholders voted on the matters set forth below.
1.John P. Bilbrey, John T. Cahill, Steve Cahillane, Lisa M. Edwards, C. Martin Harris, Martina Hund-Mejean, Kimberly A. Nelson, Lorrie M. Norrington, Michael B. Polk, Stephen I. Sadove, and Noel R. Wallace were elected directors of the Company. The results of the vote were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Votes For | | Votes Against | | Abstentions | | Broker Non-Votes |
John P. Bilbrey | | 621,272,089 | | 20,204,461 | | 1,891,308 | | 71,020,322 |
John T. Cahill | | 593,242,530 | | 48,278,496 | | 1,846,832 | | 71,020,322 |
Steve Cahillane | | 634,715,757 | | 6,642,288 | | 2,009,813 | | 71,020,322 |
Lisa M. Edwards | | 627,371,513 | | 14,095,609 | | 1,900,736 | | 71,020,322 |
C. Martin Harris | | 620,564,112 | | 20,823,952 | | 1,979,794 | | 71,020,322 |
Martina Hund-Mejean | | 633,507,328 | | 8,048,950 | | 1,811,580 | | 71,020,322 |
Kimberly A. Nelson | | 624,478,188 | | 17,001,186 | | 1,888,484 | | 71,020,322 |
Lorrie M. Norrington | | 577,196,899 | | 64,393,902 | | 1,777,057 | | 71,020,322 |
Michael B. Polk | | 619,296,449 | | 22,139,699 | | 1,931,710 | | 71,020,322 |
Stephen I. Sadove | | 590,432,374 | | 51,064,682 | | 1,870,802 | | 71,020,322 |
Noel R. Wallace | | 590,670,016 | | 46,316,344 | | 6,381,498 | | 71,020,322 |
2.The selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 was ratified. The results of the vote were as follows:
| | | | | | | | | | | |
Votes For | Votes Against | Abstentions | Broker Non-Votes |
662,533,436 | 50,081,187 | 1,773,557 | 0 |
3.A non-binding advisory vote on the Company’s executive compensation was approved. The results of the vote were as follows:
| | | | | | | | | | | |
Votes For | Votes Against | Abstentions | Broker Non-Votes |
574,308,628 | 65,915,367 | 3,143,863 | 71,020,322 |
4.A non-binding advisory vote on the frequency of future non-binding advisory votes on the Company’s executive compensation was held and the frequency that received the most votes was one year. The results of the vote were as follows:
| | | | | | | | | | | | | | |
One Year | Two Years | Three Years | Abstentions | Broker Non-Votes |
632,852,302 | 981,281 | 7,129,540 | 2,404,735 | 71,020,322 |
After considering these results, and consistent with its own recommendation, the Company’s Board of Directors has determined that the Company will continue to hold a non-binding advisory vote on executive compensation on an annual basis until the next non-binding advisory vote on the frequency of such advisory votes is held.
5.A stockholder proposal on independent Board Chairman was not approved. The results of the vote were as follows:
| | | | | | | | | | | |
Votes For | Votes Against | Abstentions | Broker Non-Votes |
220,523,949 | 419,897,212 | 2,946,697 | 71,020,322 |
6.A stockholder proposal on executives to retain significant stock was not approved. The results of the vote were as follows:
| | | | | | | | | | | |
Votes For | Votes Against | Abstentions | Broker Non-Votes |
191,280,022 | 448,165,386 | 3,922,450 | 71,020,322 |