Business Context and Reporting Period
This Form 8-K reports on the annual meeting of shareholders for Applied Industrial Technologies, Inc. held on October 22, 2024. The filing details the outcomes of votes submitted to security holders regarding director elections, executive compensation, and auditor ratification.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a report on corporate governance voting results.
Material Changes
No material financial changes are reported in this document. The primary events are the successful election of three new directors and the approval of executive compensation and auditor ratification.
Outlook, Risks, and Voting Results
The filing provides the following voting results based on 38,446,528 shares entitled to vote:
- Director Elections: Three directors were elected for three-year terms:
- Madhuri A. Andrews: 31,787,335 votes for; 3,292,178 withheld; 1,256,607 broker non-votes.
- Shelly M. Chadwick: 33,912,597 votes for; 1,166,916 withheld; 1,256,607 broker non-votes.
- Vincent K. Petrella: 31,969,389 votes for; 3,110,124 withheld; 1,256,607 broker non-votes.
- Continuing Directors: Mary Dean Hall, Robert J. Pagano, Jr., Joe A. Raver, Neil A. Schrimsher, Richard J. Simoncic, and Peter C. Wallace continued their terms.
- Executive Compensation (Say-on-Pay): A nonbinding advisory vote approved the compensation of named executive officers with 33,716,370 votes for, 1,286,421 against, and 76,722 abstentions.
- Auditor Ratification: Shareholders ratified the appointment of Deloitte & Touche LLP as independent auditors for the fiscal year ending June 30, 2025, with 35,659,136 votes for, 636,617 against, and 40,367 abstentions.
Investor Verification Checklist
- Verify the composition of the Board of Directors following the election of Andrews, Chadwick, and Petrella.
- Confirm the engagement of Deloitte & Touche LLP for the fiscal year ending June 30, 2025.
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial metrics.