Crown Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers the Annual Meeting of Shareholders held by Crown Holdings, Inc. on April 28, 2010. The record date for the meeting was March 9, 2010, with 161,862,291 shares of Common Stock issued and outstanding. A quorum of 140,103,293 shares was present or represented at the meeting.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
Shareholders voted on two primary matters:
- Election of Directors: Ten individuals were nominated and elected to the Board of Directors. While all nominees received majority support, Hans J. Löliger received the highest number of "Withheld" votes (11,512,604) compared to other nominees, who received between 777,830 and 3,530,248 withheld votes. Broker non-votes totaled 10,685,370 for all director nominees.
- Auditor Re-appointment: Shareholders approved the re-appointment of PricewaterhouseCoopers LLP as the independent auditor. The vote was 138,200,504 shares for, 1,804,512 shares against, and 98,277 shares abstained.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risks, contingencies, or unusual items. The document serves solely to disclose the results of the shareholder vote.
Key Facts for Investor Verification
- Verify the specific reasons for the elevated "Withheld" votes for director Hans J. Löliger compared to other board members.
- Confirm the total number of shares outstanding (161,862,291) and the quorum threshold met (140,103,293).
- Note the significant number of broker non-votes (10,685,370) which did not count toward the total votes cast for director elections.
- Confirm the re-appointment of PricewaterhouseCoopers LLP as the independent auditor for the 2010-2011 term.