Business Context and Reporting Period
Company: The Toro Company (TTC)
Filing Type: Form 8-K (Current Report)
Date of Report: March 18, 2025
Event: Results of the 2025 Annual Meeting of Shareholders held on March 18, 2025.
Financial Metrics
This filing does not contain financial performance data. The document reports on shareholder voting outcomes and does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
No material financial changes are reported in this filing. The document details the election of directors and the ratification of auditors and executive compensation.
Shareholder Voting Results and Governance
- Proposal One (Election of Directors): All four nominees were elected.
- Jeffrey L. Harmening: 76,892,826 For; 9,949,847 Withheld.
- Joyce A. Mullen: 76,056,523 For; 10,786,150 Withheld.
- James C. O'Rourke: 72,866,597 For; 13,976,076 Withheld.
- Richard M. Olson: 83,347,473 For; 3,495,200 Withheld.
- Proposal Two (Ratification of Auditor): KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 31, 2025.
- Votes: 89,443,854 For; 3,425,781 Against; 133,104 Abstain.
- Proposal Three (Executive Compensation): Advisory approval of executive compensation was granted.
- Votes: 79,967,327 For; 6,073,139 Against; 802,207 Abstain.
Key Facts for Investor Verification
- Verify the specific terms of office for the newly elected directors (ending in 2027 or 2028) versus continuing directors.
- Confirm the "Withheld" vote percentages for director nominees, particularly James C. O'Rourke, who received the highest number of withheld votes among the 2028-term nominees.
- Note that KPMG LLP is confirmed as the auditor for the fiscal year ending October 31, 2025.
- Review the proxy statement referenced in the filing for detailed executive compensation data, as this 8-K only confirms the advisory vote result.