8-KThe WireRed Alert
Executive Change · Shareholder Vote
Filed Feb 9, 2024 · 2y ago · Accession 0001193125-24-029918
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 2024
Emerson Electric Co.
(Exact name of registrant as specified in its charter)
Missouri
1-278
43-0259330
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
8000 West Florissant Avenue , St. Louis , Missouri 63136
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: ( 314 ) 553-2000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbols
Name of each exchange
on which registered
Common Stock, $0.50 par value per share
EMR
New York Stock Exchange
NYSE Chicago
0.375% Notes due 2024
EMR 24
New York Stock Exchange
1.250% Notes due 2025
EMR 25A
New York Stock Exchange
2.000% Notes due 2029
EMR 29
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the Company’s Annual Meeting of Shareholders on February 6, 2024, the Company’s shareholders approved the Emerson Electric Co. 2024 Equity Incentive Plan (the “Plan”). The description of the Plan on pages 64-71 of the Company’s Proxy Statement dated December 8, 2024 (the “Proxy Statement”), is incorporated herein by reference.
The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.07.
Submission of Matters to a Vote of Security Holders.
The final results for each of the matters submitted to a vote at the Company’s 2024 Annual Meeting of Shareholders held on February 6, 2024 are as follows:
Proposal 1 : The four Directors named in the Proxy Statement were elected by the shareholders, by the votes set forth in the table below:
Nominee
For
Against
Abstain
Broker
Non-Votes
Mark A. Blinn
378,990,098
29,908,246
3,818,236
77,401,488
Leticia Gonçalves Lourenco
406,072,003
2,745,769
3,898,808
77,401,488
James M. McKelvey
402,163,521
6,639,636
3,913,423
77,401,488
James S. Turley
344,274,997
67,646,303
795,280
77,401,488
Proposal 2 : The Company’s executive compensation, as described in the Proxy Statement, was approved by the non-binding advisory votes of the shareholders set forth below:
For
Against
Abstain
Broker Non-Votes
385,189,173
25,513,282
2,014,125
77,401,488
Proposal 3 : The proposal to approve an amendment to the Company’s Restated Articles of Incorporation to declassify the Board of Directors, as described in the Proxy Statement, which required the vote of 85% of outstanding shares in favor for approval, was not approved by the shareholders, by the votes set forth below:
For
Against
Abstain
Broker Non-Votes
405,348,013
6,024,713
1,343,854
77,401,488
Proposal 4 : The Company’s 2024 Equity Incentive Plan, as described in the Proxy Statement, was approved by the shareholders, by the votes set forth below:
For
Against
Abstain
Broker Non-Votes
392,800,861
18,196,045
1,719,674
77,401,488
Proposal 5 : The appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal 2024 was ratified by the shareholders, by the votes set forth below:
For
Against
Abstain
464,903,327
24,189,893
1,024,848
Proposal 6 : The shareholder proposal requesting the implementation of a simple majority vote requirement, as described in the Proxy Statement, was approved by the shareholders, by the votes set forth below:
For
Against
Abstain
Broker Non-Votes
293,359,164
117,143,579
2,213,837
77,401,488
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description of Exhibits
10.1
Emerson Electric Co. 2024 Equity Incentive Plan, incorporated by reference to the Appendix C to the Company’s Proxy Statement for the 2024 Annual Meeting of Shareholders dated December 8, 2023, File No. 1-278.
104
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 9, 2024
EMERSON ELECTRIC CO.
By:
/s/ John A. Sperino
John A. Sperino
Vice President and Assistant Secretary
Filing details
- Company
- EMERSON ELECTRIC CO
- Ticker
- EMR
- CIK
- 32604
- Form type
- 8-K
- Filing date
- Feb 9, 2024
- Report date
- Feb 6, 2024
- Document
- d703580d8k.htm
- Size
- 220 KB