Mueller Industries (NYSE: MLI) holders back pay plan and $0.35 dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Mueller Industries, Inc. reported the results of its Annual Meeting of Stockholders and confirmed its regular cash dividend. Stockholders elected the company’s slate of directors, with individual nominees generally receiving more than 87 million votes in favor.
They also approved the appointment of Ernst & Young LLP as independent auditors for the fiscal year ending December 26, 2026, with 98,482,822 votes in favor. In addition, stockholders approved an advisory vote on executive compensation. The Board declared a regular quarterly cash dividend of $0.35 per share, payable on June 19, 2026 to shareholders of record on June 5, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.07, 8.01, 9.01
3 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly dividend: $0.35 per share
Dividend payment date: June 19, 2026
Dividend record date: June 5, 2026
+4 more
7 metrics
Quarterly dividend
$0.35 per share
Regular cash dividend on common stock, payable June 19, 2026
Dividend payment date
June 19, 2026
Payment date for $0.35 per share dividend
Dividend record date
June 5, 2026
Shareholders of record date for dividend eligibility
Auditor ratification votes for
98,482,822 votes
Appointment of Ernst & Young LLP for fiscal year ending December 26, 2026
Auditor ratification votes against
2,465,822 votes
Appointment of Ernst & Young LLP
Say-on-pay votes for
87,587,873 votes
Advisory vote on named executive officer compensation
Say-on-pay votes against
4,306,124 votes
Advisory vote on executive compensation
Key Terms
Annual Meeting of Stockholders, independent auditors, advisory vote, regular quarterly cash dividend, +1 more
5 terms
Annual Meeting of Stockholders regulatory
"On May 7, 2026, the Company held its Annual Meeting of Stockholders, at which three proposals were voted upon."
independent auditors financial
"The Company’s stockholders approved the appointment of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 26, 2026."
Independent auditors are outside, licensed accountants who examine a company’s books, records and internal controls and issue an objective opinion on whether the financial statements accurately reflect the business’s financial position. Investors treat their report like a neutral inspector’s stamp — it increases trust, makes financial results easier to compare, and alerts readers if there are errors, omissions or other problems that could affect investment decisions.
advisory vote regulatory
"The Company’s stockholders approved an advisory vote on the compensation of the Company’s named executive officers."
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
regular quarterly cash dividend financial
"its Board has declared a regular quarterly cash dividend of 35 cents per share on its common stock."
A regular quarterly cash dividend is a set amount of money that a company pays to its shareholders four times a year, usually every three months. It provides investors with a steady income stream and signals that the company is generating consistent profits. For investors, receiving these payments can be a reliable way to earn returns and assess the company's financial stability.
forward-looking statements regulatory
"Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): | |||||
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission File | (IRS Employer | ||||||
| of incorporation) | Number) | Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
| Registrant’s telephone number, including area code: | ||||||||
| Registrant’s Former Name or Address, if changed since last report: | N/A | ||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new of revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.07 | Submission of Matters to a Vote of Security Holders. | ||||
On May 7, 2026, the Company held its Annual Meeting of Stockholders, at which three proposals were voted upon. The results of the vote are as follows:
Proposal 1 - Election of directors; the following persons were duly elected to serve, subject to the Company’s By-laws, as Directors of the Company until the next Annual Meeting, or until election and qualification of their successors:
| For | Withheld | |||||||
| Gregory L. Christopher | 91,402,399 | 2,458,354 | ||||||
| Elizabeth Donovan | 64,132,441 | 29,728,312 | ||||||
| William C. Drummond | 92,784,657 | 1,076,096 | ||||||
| Gary S. Gladstein | 90,662,750 | 3,198,003 | ||||||
| Scott J. Goldman | 91,787,157 | 2,073,596 | ||||||
| John B. Hansen | 91,545,665 | 2,315,088 | ||||||
| Terry Hermanson | 87,392,647 | 6,468,106 | ||||||
| Charles P. Herzog, Jr. | 88,535,358 | 5,325,395 | ||||||
Proposal 2 - The Company’s stockholders approved the appointment of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 26, 2026:
| For | Against | Abstain | ||||||
| 98,482,822 | 2,465,822 | 316,383 | ||||||
Proposal 3 - The Company’s stockholders approved an advisory vote on the compensation of the Company’s named executive officers:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 87,587,873 | 4,306,124 | 1,966,756 | 7,404,274 | ||||||||
| Item 8.01 | Other Events. | ||||
On May 8, 2026 the Registrant issued a press release announcing that its Board has declared a regular quarterly cash dividend of 35 cents per share on its common stock. The dividend will be paid June 19, 2026 to shareholders of record on June 5, 2026. A copy of the press release announcing the payment and record dates is attached as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits
| 99.1 | Press release, dated May 8, 2026 | ||||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| MUELLER INDUSTRIES, INC. | |||||||||||
| By: | /s/ ANTHONY J. STEINRIEDE | ||||||||||
| Name: | Anthony J. Steinriede | ||||||||||
| Title: | Vice President - Corporate Controller | ||||||||||
| Date: May 11, 2026 | |||||||||||
3
Mueller Industries, Inc. Declares Cash Dividend for Second Quarter
COLLIERVILLE, Tenn., May 8, 2026 – Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 35 cents per share. The dividend will be payable June 19, 2026 to shareholders of record on June 5, 2026.
Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; electrical transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
| ********************* | ||
Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company's SEC filings. The words "outlook," "estimate," "project," "intend," "expect," "believe," "target," "encourage," "anticipate," "appear," and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report.
CONTACT
Jeffrey A. Martin
(901)753-3226
FAQ
What dividend did Mueller Industries (MLI) declare for the second quarter of 2026?
Mueller Industries declared a regular quarterly cash dividend of $0.35 per share. The dividend will be payable on June 19, 2026 to shareholders of record on June 5, 2026, continuing the company’s pattern of regular cash returns to stockholders.
When will Mueller Industries (MLI) pay its newly declared dividend?
The dividend will be paid on June 19, 2026. Shareholders must be on record as of June 5, 2026 to receive the $0.35 per share cash dividend on Mueller Industries’ common stock, according to the Board’s declaration.
Which auditor did Mueller Industries (MLI) stockholders approve for fiscal 2026?
Stockholders approved Ernst & Young LLP as independent auditors for fiscal 2026. The appointment received 98,482,822 votes for, 2,465,822 against, and 316,383 abstentions, confirming continued use of Ernst & Young for the year ending December 26, 2026.
Did Mueller Industries (MLI) stockholders approve executive compensation at the Annual Meeting?
Yes, stockholders approved an advisory vote on executive compensation. The say-on-pay proposal received 87,587,873 votes for, 4,306,124 against, 1,966,756 abstentions, and 7,404,274 broker non-votes, indicating overall support for the company’s named executive officer compensation program.
What were the vote results on Mueller Industries (MLI) auditor ratification proposal?
The auditor ratification passed with strong support. Stockholders cast 98,482,822 votes for, 2,465,822 against, and 316,383 abstentions to approve Ernst & Young LLP as Mueller Industries’ independent auditors for the fiscal year ending December 26, 2026.
How many votes supported Mueller Industries (MLI) say-on-pay proposal?
The advisory say-on-pay proposal received 87,587,873 votes in favor. It drew 4,306,124 votes against, 1,966,756 abstentions, and 7,404,274 broker non-votes, showing a clear majority of voting shareholders endorsed the company’s executive compensation approach.