Business Context and Reporting Period
This Form 8-K filing by Schweitzer-Mauduit International, Inc. (SWM) reports on the results of the 2021 Annual Meeting of Stockholders held on April 22, 2021. The report was filed on April 27, 2021. Note: The company name in the metadata (Mativ Holdings, Inc.) differs from the registrant name in the filing text (Schweitzer-Mauduit International, Inc.); this summary reflects the registrant named in the document.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding corporate governance matters and does not contain financial performance data.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The document solely details the voting outcomes of the annual meeting.
Corporate Governance and Voting Results
Three proposals were submitted to a vote of security holders with the following results:
- Proposal One (Election of Directors): Kimberly E. Ritrievi and John Rogers were elected as directors to serve until the 2024 Annual Meeting.
- Kimberly E. Ritrievi: 27,288,761 For; 656,213 Withheld; 1,380,976 Broker Non-Votes.
- John Rogers: 26,583,624 For; 1,361,350 Withheld; 1,380,976 Broker Non-Votes.
- Proposal Two (Ratification of Auditors): Shareholders ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm for 2021.
- Results: 28,786,683 For; 526,812 Against; 12,455 Abstain.
- Proposal Three (Say-on-Pay): Shareholders approved, on a non-binding advisory basis, the compensation paid to Named Executive Officers.
- Results: 26,840,623 For; 1,038,949 Against; 65,402 Abstain; 1,380,976 Broker Non-Votes.
Key Facts for Investor Verification
- Confirm the corporate name discrepancy between the metadata (Mativ Holdings, Inc.) and the filing (Schweitzer-Mauduit International, Inc.), as this filing predates the company's name change.
- Verify the tenure of the newly elected directors, Kimberly E. Ritrievi and John Rogers, through the 2024 Annual Meeting.
- Note the high level of support for the "say-on-pay" proposal, with over 96% of votes cast in favor.
- Confirm that Deloitte & Touche LLP remains the independent auditor for the 2021 fiscal year.