Business Context and Reporting Period
This Form 8-K filing by Emerson Electric Co. reports the final results of the 2019 Annual Meeting of Shareholders held on February 5, 2019. The document details the voting outcomes for director elections, auditor ratification, and executive compensation advisory votes.
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 matters were submitted to a vote of security holders:
- Proposal 1 (Director Elections): All three nominees were elected.
- C. A. H. Boersig: 415,519,559 For; 27,181,138 Withheld.
- J. B. Bolten: 425,488,033 For; 17,212,664 Withheld.
- L. M. Lee: 438,192,638 For; 4,508,058 Withheld.
- Note: Broker non-votes totaled 108,203,577 for all nominees.
- Proposal 2 (Auditor Ratification): The appointment of KPMG LLP as the independent registered public accounting firm for fiscal 2019 was ratified.
- For: 536,107,551
- Against: 13,613,709
- Abstain: 1,183,014
- Proposal 3 (Executive Compensation): The non-binding advisory vote on executive compensation was approved.
- For: 421,583,641
- Against: 17,614,985
- Abstain: 3,502,071
- Note: Broker non-votes totaled 108,203,577.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Important Facts for Investors to Verify
- Confirmation that KPMG LLP is the appointed auditor for fiscal 2019.
- The specific composition of the Board of Directors following the election of C. A. H. Boersig, J. B. Bolten, and L. M. Lee.
- The level of shareholder support for executive compensation, noting the "Against" vote count of approximately 17.6 million.
- The significant number of broker non-votes (over 108 million) which did not impact the outcome of the director elections but indicate shares held in street name.