Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Avery Dennison Corporation on April 26, 2018. The filing details the election of directors, advisory votes on executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
This filing is a corporate governance report and does not provide financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The text contains no financial performance data.
Material Changes and Voting Results
The filing reports the following material events and voting outcomes:
- Quorum: 77,377,377 shares were represented, approximately 88% of the 88,101,594 shares eligible to vote.
- Director Elections: All eleven nominees were elected to the Board for a one-year term. Notable voting results included:
- Martha Sullivan: Received the highest support with 70,867,846 votes "For" and only 119,212 "Against".
- Peter Barker: Received 66,328,763 votes "For" with 3,929,985 "Against".
- David Pyott: Received 67,350,387 votes "For" with 3,603,140 "Against".
- Executive Compensation: Stockholders approved the advisory vote on executive compensation with 66,085,678 votes "For" and 4,709,797 "Against".
- Auditor Ratification: Stockholders ratified the appointment of PricewaterhouseCoopers LLP with 74,048,618 votes "For" and 3,261,167 "Against".
Guidance, Outlook, and Risks
The filing text does not provide management guidance, future outlook, risk factors, contingencies, or unusual items. The document is limited to the reporting of the Annual Meeting results.
Key Facts for Investor Verification
- Verify the full list of elected directors and their tenure terms in the 2018 Proxy Statement.
- Review the specific "Against" vote percentages for directors Peter Barker, David Pyott, and Dean Scarborough to assess shareholder sentiment.
- Confirm the appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2018.
- Note that this filing contains no financial performance data; refer to the 10-K or 10-Q for fiscal results.