Preformed Line Products (NASDAQ: PLPC) holders back directors, pay and Ernst & Young
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Preformed Line Products Company reported the results of its annual shareholder meeting held on May 4, 2026 in Mayfield Village, Ohio. Shareholders re-elected four directors — Glenn E. Corlett, R. Steven Kestner, J. Ryan Ruhlman and David C. Sunkle — each to serve terms expiring at the 2028 annual meeting.
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 3,862,989 votes for and 11,841 against, plus 24,812 abstentions and 335,623 broker non-votes. In addition, they ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 4,231,761 votes for, 2,035 against and 1,469 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
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.
Key Figures
Votes for Glenn E. Corlett: 3,580,616 votes
Votes for R. Steven Kestner: 3,742,065 votes
Votes for J. Ryan Ruhlman: 3,725,755 votes
+5 more
8 metrics
Votes for Glenn E. Corlett
3,580,616 votes
Director election term expiring 2028
Votes for R. Steven Kestner
3,742,065 votes
Director election term expiring 2028
Votes for J. Ryan Ruhlman
3,725,755 votes
Director election term expiring 2028
Votes for David C. Sunkle
2,806,213 votes
Director election term expiring 2028
Say-on-pay votes for
3,862,989 votes
Advisory vote on executive compensation
Say-on-pay votes against
11,841 votes
Advisory vote on executive compensation
Auditor ratification votes for
4,231,761 votes
Ernst & Young LLP for year ending December 31, 2026
Auditor ratification votes against
2,035 votes
Ernst & Young LLP for year ending December 31, 2026
Key Terms
broker non-votes, non-binding advisory basis, independent registered public accounting firm, Definitive Proxy Statement on Schedule 14A, +1 more
5 terms
broker non-votes financial
"The table below indicates the votes for, votes against, abstentions and broker non-votes."
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding advisory basis financial
"The shareholders voted to approve, on a non-binding advisory basis, the compensation of the Company's Named Executive Officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
independent registered public accounting firm financial
"the Company’s independent registered public accounting firm for the year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Definitive Proxy Statement on Schedule 14A regulatory
"as described in the Company's Definitive Proxy Statement on Schedule 14A for the Annual Meeting"
FAQ
How many broker non-votes were recorded on Preformed Line Products’ 2026 advisory pay vote?
For the advisory vote on executive compensation, there were 335,623 broker non-votes. Broker non-votes arise when brokers lack discretionary authority to vote on a proposal and clients do not provide instructions, so these shares are not counted as for or against the measure.
Was Preformed Line Products’ auditor ratification vote in 2026 approved by a large margin?
Yes, the auditor ratification passed by a very large margin. Ernst & Young LLP received 4,231,761 votes for, compared with only 2,035 votes against and 1,469 abstentions, and there were no broker non-votes for this proposal, reflecting strong shareholder backing.