Westinghouse Air Brake (NYSE: WAB) investors approve directors, say-on-pay and Ernst & Young
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Westinghouse Air Brake Technologies Corporation reported the results of its 2026 Annual Meeting of Stockholders held on May 12, 2026. Stockholders elected three directors—Rafael Santana, Lee C. Banks, and Byron S. Foster—to three-year terms expiring in 2029, each receiving strong majority support.
Stockholders also approved an advisory (non-binding) resolution on 2025 named executive officer compensation and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the 2026 fiscal year, with substantial votes in favor.
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 Rafael Santana: 135,039,022 votes
Votes for Lee C. Banks: 126,867,017 votes
Votes for Byron S. Foster: 134,839,590 votes
+4 more
7 metrics
Votes for Rafael Santana
135,039,022 votes
Director election for term expiring in 2029
Votes for Lee C. Banks
126,867,017 votes
Director election for term expiring in 2029
Votes for Byron S. Foster
134,839,590 votes
Director election for term expiring in 2029
Say-on-pay for votes
135,106,344 votes
Advisory 2025 named executive officer compensation
Say-on-pay against votes
11,322,714 votes
Advisory 2025 named executive officer compensation
Auditor ratification for votes
139,400,395 votes
Ratification of Ernst & Young LLP for 2026 fiscal year
Auditor ratification against votes
14,520,740 votes
Ratification of Ernst & Young LLP for 2026 fiscal year
Key Terms
advisory (non-binding) resolution, named executive officer compensation, independent registered public accounting firm, broker non-votes, +1 more
5 terms
advisory (non-binding) resolution financial
"The approval of an advisory (non-binding) resolution relating to 2025 named executive officer compensation."
named executive officer compensation financial
"The approval of an advisory (non-binding) resolution relating to 2025 named executive officer compensation."
Pay and benefits disclosed for a company’s top executives identified in regulatory filings, including salary, bonuses, stock awards, option grants, pension contributions and other perks. Think of it as a public paycheck summary for senior managers that shows how they are rewarded and motivated. Investors use it to judge whether executive incentives align with shareholder interests, to assess potential costs and risks, and to evaluate corporate governance.
independent registered public accounting firm financial
"Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for the 2026 fiscal year."
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.
broker non-votes financial
"For | Against | Abstained | Broker Non-Votes 135,106,344 | 11,322,714 | 363,348 | 7,250,987"
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.
Annual Meeting of Stockholders financial
"At the 2026 Annual Meeting of Stockholders of the Company held on May 12, 2026..."
FAQ
What did Westinghouse Air Brake Technologies (WAB) stockholders approve at the 2026 annual meeting?
Stockholders approved three management proposals: electing three directors, an advisory say-on-pay resolution, and ratifying Ernst & Young LLP as auditor. All items received strong majority support based on the reported voting results at the May 12, 2026 meeting.
Which directors were elected at Westinghouse Air Brake Technologies’ 2026 annual meeting?
Rafael Santana, Lee C. Banks, and Byron S. Foster were elected as directors for three-year terms expiring in 2029. Each received over 126 million votes in favor, with relatively low votes against and limited abstentions, plus reported broker non-votes.
Was Ernst & Young LLP ratified as WAB’s auditor for fiscal 2026?
Yes. Stockholders ratified Ernst & Young LLP as the independent registered public accounting firm for the 2026 fiscal year, with 139,400,395 votes for, 14,520,740 against, and 122,258 abstentions. Broker non-votes were not applicable to this ratification item.
What are broker non-votes in the Westinghouse Air Brake Technologies 2026 meeting results?
Broker non-votes are shares held by brokers that did not receive voting instructions on certain proposals. The report shows 7,250,987 broker non-votes for the director elections and say-on-pay item, while broker non-votes are listed as not applicable for the auditor ratification.