Business Context and Reporting Period
This Form 8-K filing by PolyOne Corporation (now Avient Corp) reports the results of the Annual Meeting of Shareholders held on May 11, 2011. The filing details the outcomes of four specific proposals submitted to security holders.
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
Director Elections
All nine nominees were elected to serve as directors until the 2012 Annual Meeting. The voting results were as follows:
| Director Nominee | For | Withheld | Broker Non-Vote |
|---|---|---|---|
| J. Douglas Campbell | 78,577,413 | 3,714,499 | 5,763,812 |
| Dr. Carol A. Cartwright | 80,839,081 | 1,452,832 | 5,763,812 |
| Richard H. Fearon | 76,847,975 | 5,443,938 | 5,763,812 |
| Gordon D. Harnett | 78,174,151 | 4,117,762 | 5,763,812 |
| Richard A. Lorraine | 81,346,177 | 945,736 | 5,763,812 |
| Edward J. Mooney | 77,821,043 | 4,470,870 | 5,763,812 |
| Stephen D. Newlin | 80,135,225 | 2,156,688 | 5,763,812 |
| William H. Powell | 79,039,514 | 3,252,399 | 5,763,812 |
| Farah M. Walters | 78,497,108 | 3,794,805 | 5,763,812 |
Executive Compensation Advisory Vote
Shareholders approved the advisory vote on named executive officer compensation.
- For: 55,869,945
- Against: 25,432,141
- Abstained: 989,976
- Broker Non-Vote: 5,763,812
Frequency of Compensation Advisory Vote
Shareholders recommended holding the advisory vote on executive compensation annually. The Board determined to hold this vote every year until the next frequency vote.
- 1 Year: 73,482,953
- 2 Years: 174,692
- 3 Years: 7,750,555
- Abstained: 883,862
Auditor Ratification
Shareholders approved the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2011.
- For: 82,643,307
- Against: 5,283,055
- Abstained: 129,513
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 executive compensation plan referenced in the advisory vote.
- Review the definitive proxy statement filed on March 21, 2011, for detailed biographies of the elected directors.
- Note that the company name in the filing is PolyOne Corporation, which later became Avient Corp.