Business Context and Reporting Period
This Form 8-K filing by SunCoke Energy, Inc. (SXC) reports the final results of the 2024 Virtual Annual Meeting of Stockholders held on May 16, 2024. The filing covers corporate governance matters, including director elections, executive compensation votes, and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on stockholder voting outcomes and does not contain financial performance data.
Material Changes and Voting Results
Stockholders holding approximately 90.34% of outstanding shares (75,956,227 shares) were present, constituting a quorum. The following matters were voted upon:
- Director Elections:
- Ralph M. Della Ratta, Jr.: Approved with 70,173,911 votes For, 505,248 Against, and 55,265 Abstaining.
- Susan R. Landahl: Approved with 65,105,883 votes For, 5,565,306 Against, and 63,235 Abstaining.
- Executive Compensation (Say-on-Pay): Approved with 67,260,475 votes For, 3,398,110 Against, and 75,839 Abstaining.
- Compensation Vote Frequency: Stockholders voted to hold future advisory votes on executive compensation annually (One Year), with 63,937,059 votes For, compared to 6,676,269 votes for Three Years.
- Auditor Ratification: KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 75,121,238 votes For, 784,664 Against, and 50,325 Abstaining.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the final results of the stockholder vote.
Important Facts for Investors to Verify
- Confirmation that the two new directors, Ralph M. Della Ratta, Jr. and Susan R. Landahl, have officially joined the board for the term expiring in 2027.
- Verification that KPMG LLP is formally engaged as the auditor for the fiscal year ending December 31, 2024.
- Review of the specific compensation plan details referenced in the "Say-on-Pay" vote to understand the basis for the 3.3 million votes cast against the proposal.
- Confirmation of the company's commitment to annual executive compensation advisory votes as mandated by the stockholder preference.