GRAINGER'S SHAREHOLDERS ELECT 12 DIRECTORS AND OTHER ANNUAL MEETING HIGHLIGHTS

(Neutral)

Rhea-AI Summary

W.W. Grainger, Inc. conducted its annual shareholder meeting virtually due to COVID-19 on April 27, 2022. CEO DG Macpherson highlighted operational and financial achievements from 2021, reporting sales of $13.0 billion. Shareholders elected 12 directors, ratified the appointment of Ernst & Young LLP as the independent auditor for 2022, and approved the 2022 Incentive Plan along with an advisory vote on executive compensation.

Positive

Sales of $13.0 billion reported for 2021.
12 directors elected successfully.
Independent auditor Ernst & Young LLP ratified for 2022.
2022 Incentive Plan approved.

Negative

None.

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04/27/2022 - 11:33 AM

CHICAGO, April 27, 2022 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual shareholder meeting today. Due to the continuing public health impacts of the COVID-19 pandemic, the meeting was held virtually. Chairman and CEO DG Macpherson provided a company update which included financial and operational highlights from 2021 as well as an update on the Company's ESG program.

Shareholders elected the following 12 directors:


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

In addition, the shareholders ratified the appointment of Ernst & Young LLP as its independent auditor for the year 2022. Shareholders also voted in favor of the advisory say on pay resolution on executive compensation and approved the W.W. Grainger, Inc. 2022 Incentive Plan.

About Grainger
W.W. Grainger, Inc., with 2021 sales of $13.0 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 a wide range of product categories that keep customer operations running and their people safe. The Company also delivers services and solutions, such as technical support and inventory management, to provide tangible value and save customers time and money. Grainger offers more than 2 million maintenance, repair and operating (MRO) products in its High-Touch Solutions assortment and more than 30 million products through its expanding Endless Assortment offering. For more information, visit www.grainger.com.

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