Eastman Announces 2020 Annual Meeting Stockholder Vote Results
Rhea-AI Summary
At the annual meeting of Eastman Chemical Company (NYSE:EMN) on May 7, 2020, stockholders took key actions including the reelection of directors for one-year terms and approving executive compensation through a 'say-on-pay' vote. Additionally, stockholders ratified PricewaterhouseCoopers LLP as the independent accounting firm for 2020, while an advisory proposal allowing stockholders to act by written consent was rejected. More details are available in the proxy statement, with final vote totals to be reported in a Form 8-K filing.
Positive
- Directors reelected for one-year terms, ensuring continuity in leadership.
- Executive compensation approved, indicating stockholder confidence in management.
Negative
- Advisory stockholder proposal for written consent rejected, limiting stockholder influence.
News Market Reaction – EMN
On the day this news was published, EMN gained 1.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
KINGSPORT, Tenn., May 07, 2020 (GLOBE NEWSWIRE) -- At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders:
- reelected directors Humberto P. Alfonso, Brett D. Begemann, Mark J. Costa, Edward L. Doheny II, Julie F. Holder, Renée J. Hornbaker, Kim Ann Mink, James J. O’Brien, David W. Raisbeck, and Charles K. Stevens III to one-year terms;
- approved, on an advisory basis, the compensation of the company’s executive officers as disclosed in the annual meeting proxy statement (the “say-on-pay” vote);
- ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2020; and
- rejected an advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting.
Additional information about each of the matters acted upon by stockholders at the annual meeting is in the proxy statement that was furnished to stockholders in connection with the meeting. The proxy statement is also available at investors.eastman.com, Annual Meeting. The final vote totals for the matters acted upon by stockholders at the annual meeting will be reported in a Form 8-K filing with the SEC and also posted on investors.eastman.com.
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2019 revenues of approximately
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Contacts: Media: Tracy Kilgore Addington 423-224-0498 / tracy@eastman.com Investors: Greg Riddle 212-835-1620 / griddle@eastman.com
FAQ
What decisions were made at Eastman Chemical's annual meeting on May 7, 2020?
Who was reelected at Eastman Chemical's annual meeting?
What was the outcome of the 'say-on-pay' vote at Eastman Chemical's annual meeting?
What is the significance of the final vote totals published after the Eastman Chemical annual meeting?
Which accounting firm was ratified by Eastman Chemical stockholders for 2020?
