GRAINGER'S SHAREHOLDERS ELECT 11 DIRECTORS AND OTHER ANNUAL MEETING HIGHLIGHTS

Rhea-AI Summary

On April 26, 2023, W.W. Grainger held its annual shareholder meeting in Lake Forest, Illinois. During the meeting, Chairman and CEO D.G. Macpherson presented operational and financial highlights from 2022, along with updates on the company’s environmental, social, and governance (ESG) initiatives. Shareholders elected 11 directors and ratified Ernst & Young LLP as the independent auditor for 2023. They also approved an advisory say-on-pay resolution for executive compensation, indicating a preference for annual votes. Grainger recorded $15.2 billion in sales in 2022 and serves over 4.5 million customers worldwide through its High-Touch Solutions and Endless Assortment segments.

Positive

• Shareholders elected 11 directors, ensuring experienced leadership.
• Ratification of Ernst & Young LLP as independent auditor enhances trust.
• Successful advisory vote on executive compensation suggests strong governance.

Negative

• None.

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CHICAGO, April 26, 2023 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual meeting of shareholders in Lake Forest, Ill., today. Chairman and CEO D.G. Macpherson provided a company update, which included financial and operational highlights from 2022 as well as an update on the Company's environmental, social and governance (ESG) program.

Shareholders elected the following 11 directors:

Rodney C. Adkins	Beatriz R. Perez
V. Ann Hailey	E. Scott Santi
Katherine D. Jaspon	Susan Slavik Williams
Stuart L. Levenick	Lucas E. Watson
D.G. Macpherson	Steven A. White
Neil S. Novich

In addition, the shareholders ratified the appointment of Ernst & Young LLP as its independent auditor for the year 2023. Shareholders also voted in favor of the advisory say on pay resolution on executive compensation and determined that the preferred frequency of the advisory vote on the compensation of the Company's Named Executive Officers is one year.

About Grainger
W.W. Grainger, Inc., with 2022 sales of $15.2 billion, is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. Grainger achieves its purpose, We Keep the World Working®, by serving more than 4.5 million customers worldwide with innovative technology and deep customer relationships. The Company operates two business models. In the High-Touch Solutions segment, Grainger offers more than 2 million maintenance, repair and operating (MRO) products and several services, such as technical support and inventory management. In the Endless Assortment segment, Zoro.com offers customers access to more than 11 million items, and MonotaRO.com provides more than 20 million items. For more information, visit invest.grainger.com.

View original content:https://www.prnewswire.com/news-releases/graingers-shareholders-elect-11-directors-and-other-annual-meeting-highlights-301808467.html

SOURCE W.W. Grainger, Inc.

FAQ

What were the main highlights from Grainger's annual meeting on April 26, 2023?

The annual meeting on April 26, 2023, highlighted financial achievements from 2022, the election of 11 directors, and a successful advisory vote on executive compensation.

What is Grainger's sales figure for 2022?

W.W. Grainger reported sales of $15.2 billion in 2022.

Who was appointed as the independent auditor for Grainger in 2023?

Ernst & Young LLP was ratified as Grainger's independent auditor for 2023.

What is the preferred frequency for Grainger's executive compensation advisory vote?

The preferred frequency for the advisory vote on executive compensation at Grainger is annually.

How many customers does Grainger serve worldwide?

Grainger serves over 4.5 million customers worldwide.