AMPCO-PITTSBURGH CORP 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of shareholders held by AMPCO-PITTSBURGH CORP on May 13, 2021. The filing covers the voting outcomes for director elections, executive compensation, an incentive plan amendment, 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 corporate governance voting results.
Material Changes and Voting Results
The following proposals were voted upon by shareholders:
- Director Elections: Three directors were elected for a term expiring in 2024.
- Michael I. German: 13,429,775 For; 1,756,484 Withheld.
- J. Brett McBrayer: 13,675,527 For; 1,510,732 Withheld.
- Carl H. Pforzheimer, III: 12,624,924 For; 1,841,134 Withheld.
- Executive Compensation: The non-binding advisory vote on named executive officer compensation was approved with 13,333,318 For votes versus 352,940 Against.
- Incentive Plan Amendment: The amendment and restatement of the 2016 Omnibus Incentive Plan was approved with 10,917,624 For votes versus 2,800,074 Against.
- Auditor Ratification: The appointment of BDO USA, LLP as the independent registered public accounting firm for 2021 was ratified with 15,224,530 For votes versus 36,801 Against.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each proposal.
- Confirm the specific terms of the amended 2016 Omnibus Incentive Plan referenced in Proposal 3.
- Review the full proxy statement for detailed biographical information on the elected directors.
- Note that 1,534,011 broker non-votes were recorded for the director elections and the executive compensation vote.