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Strong shareholder backing at WESCO (NYSE: WCC) annual meeting and Schulz consulting deal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

WESCO International, Inc. reported governance updates and shareholder voting results. Former CFO David S. Schulz, who retired effective May 31, 2026, entered a Consulting Agreement effective June 1, 2026, under which he will serve as a non-employee consultant through December 31, 2026 for an hourly fee, and his outstanding equity awards will continue to vest under their existing terms.

At the May 28, 2026 Annual Meeting, stockholders elected ten director nominees for one-year terms. Stockholders approved, on an advisory non-binding basis, the compensation of named executive officers, with votes for representing over 96% of votes cast, and ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Consulting term June 1, 2026 to December 31, 2026 Duration of David S. Schulz Consulting Agreement
Say-on-pay votes for 41,680,098 votes Advisory approval of named executive officer compensation
Say-on-pay votes against 1,533,873 votes Advisory approval of named executive officer compensation
PwC ratification votes for 43,770,836 votes Ratification of PricewaterhouseCoopers LLP for year ending December 31, 2026
PwC ratification votes against 2,652,699 votes Ratification of PricewaterhouseCoopers LLP for year ending December 31, 2026
Number of director nominees 10 nominees Directors elected at May 28, 2026 Annual Meeting
Consulting Agreement financial
"the Company and Mr. Schulz entered into a consulting services agreement (the “Consulting Agreement”)"
non-competition financial
"Mr. Schulz will continue to be subject to customary non-competition, non-solicitation, non-disparagement and confidentiality covenants."
A non-competition is a contractual restriction that prevents a person or business from starting or working in a competing business within a specified time and geographic area after leaving a job or completing a transaction. It matters to investors because it acts like a temporary fence around customers, trade secrets and know‑how, helping protect future revenue and company value; weak or unenforceable restrictions can increase the risk of customer loss and competitive erosion.
broker non-votes financial
"Nominee | For | Withheld | 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.
advisory (non-binding) basis financial
"the stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers."
independent registered public accounting firm financial
"PricewaterhouseCoopers LLP as 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.
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WESCO INTERNATIONAL INC false 0000929008 0000929008 2026-05-28 2026-05-28
 
 

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): May 28, 2026

 

 

WESCO International, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-14989   25-1723342

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

225 West Station Square Drive  
Suite 700  
Pittsburgh, Pennsylvania   15219
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: 412 454-2200

Not applicable.

(Former Name or Former Address, if Changed Since Last Report)

 

 

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:

 

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(s)

 

Name of each exchange

on which registered

Common Stock, Par Value $.01 per share   WCC   New York Stock Exchange

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 or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported in the Current Reports on Form 8-K filed by WESCO International, Inc. (the “Company”) on February 10, 2026 and February 17, 2026, David S. Schulz served as the Company’s Executive Vice President and Chief Financial Officer through February 16, 2026, and continued as Executive Vice President and special advisor to the CEO until his retirement from the Company effective May 31, 2026.

Effective June 1, 2026, the Company and Mr. Schulz entered into a consulting services agreement (the “Consulting Agreement”), pursuant to which Mr. Schulz will provide consulting services as a non-employee consultant to the Company until December 31, 2026, unless extended by mutual agreement of the parties. Under the Consulting Agreement, Mr. Schulz will receive an hourly fee for his consulting services and his outstanding equity awards will continue to vest in accordance with their terms until the term of the Consulting Agreement ends. Mr. Schulz will continue to be subject to customary non-competition, non-solicitation, non-disparagement and confidentiality covenants.

The foregoing description of the terms of the Consulting Agreement is not complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 5.07.

Submission of Matters to a Vote of Security Holders.

On May 28, 2026, the Company held its Annual Meeting of Stockholders. A quorum was present at the meeting. The following proposals were submitted by the Board of Directors to a vote of the stockholders and the voting tabulations for each matter are as follows:

Proposal 1 – Election of Ten Director Nominees

 

Nominee

 

For

 

Withheld

 

Broker Non-Votes

John J. Engel   42,008,578   1,229,636   3,203,117
Glynis A. Bryan   41,780,871   1,457,343   3,203,117
Michael L. Carter   43,195,253     42,961   3,203,117
Anne M. Cooney   42,480,663     757,551   3,203,117
Matthew J. Espe   42,926,380     311,834   3,203,117
Sundaram Nagarajan   42,609,594     628,620   3,203,117
James L. Singleton   41,289,143   1,949,071   3,203,117
Easwaran Sundaram   42,543,748     694,466   3,203,117
Laura K. Thompson   43,035,130     203,084   3,203,117
David C. Wajsgras   43,106,839     131,375   3,203,117

Based on the votes set forth above, each director nominee was duly elected to serve for a one-year term expiring at the Annual Meeting of Stockholders to be held in 2027 or until their successors are otherwise duly elected and qualified.

Proposal 2 – Advisory Approval of the Compensation of the Company’s Named Executive Officers

 

For

 

Against

 

Abstain

 

Broker Non-Votes

41,680,098   1,533,873   24,243   3,203,117

Based on the votes set forth above, with votes “for” representing over 96% of the votes cast, the stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers.

 


Proposal 3 – Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026

 

For

 

Against

 

Abstain

43,770,836   2,652,699   17,796

Based on the votes set forth above, the stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. There were no broker non-votes on this proposal.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

  

Description

10.1    Consulting Services Agreement, dated June 1, 2026, between WESCO International, Inc. and David Schulz
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

     

WESCO International, Inc.

    (Registrant)

June 1, 2026

    By:  

/s/ Indraneel Dev

(Date)       Indraneel Dev
      Executive Vice President and Chief Financial Officer

FAQ

What consulting role will former WESCO (WCC) CFO David S. Schulz have?

David S. Schulz will serve as a non-employee consultant to WESCO from June 1, 2026 through December 31, 2026. He will be paid an hourly fee, and his outstanding equity awards will continue to vest according to their existing terms during the consulting period.

How did WESCO (WCC) stockholders vote on director elections in 2026?

At the May 28, 2026 Annual Meeting, WESCO stockholders elected ten director nominees to one-year terms. Each nominee, including John J. Engel and nine others, received a majority of votes cast, with additional broker non-votes recorded but not affecting the election outcomes.

Did WESCO (WCC) stockholders approve executive compensation in 2026?

Yes. Stockholders approved the compensation of WESCO’s named executive officers on an advisory, non-binding basis. The proposal received 41,680,098 votes for, 1,533,873 against, 24,243 abstentions, and 3,203,117 broker non-votes, with support representing over 96% of the votes cast on the matter.

Which audit firm did WESCO (WCC) stockholders ratify for 2026?

Stockholders ratified the appointment of PricewaterhouseCoopers LLP as WESCO’s independent registered public accounting firm for the year ending December 31, 2026. The ratification received 43,770,836 votes for, 2,652,699 against, and 17,796 abstentions, with no broker non-votes recorded on this proposal.

What restrictions continue to apply to former WESCO (WCC) CFO Schulz?

Under the Consulting Agreement, David S. Schulz remains subject to customary non-competition, non-solicitation, non-disparagement, and confidentiality covenants. These obligations apply while he provides consulting services and help govern his post-retirement relationship and activities in connection with WESCO’s business.

When did WESCO (WCC) hold its 2026 Annual Meeting of Stockholders?

WESCO held its 2026 Annual Meeting of Stockholders on May 28, 2026. A quorum was present, and stockholders voted on the election of ten director nominees, an advisory vote on executive compensation, and ratification of the independent registered public accounting firm for the 2026 fiscal year.

Filing Exhibits & Attachments

4 documents