Applied Industrial Technologies Inc 8-K, filed Oct 24, 2023
Applied Industrial Technologies Inc (AIT)
8-K
2023-10-24
For: 2023-10-24
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Added on
April 10, 2026
About this 8-K
Applied Industrial Technologies Inc filed this 8-K on October 24, 2023.
Items reported
- Item 5.07: Shareholder vote results
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
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(216 ) 426-4000
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ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
An annual meeting of the shareholders of Applied Industrial Technologies, Inc. was held on October 24, 2023. At that meeting, there were 38,747,641 shares of common stock entitled to vote. The shareholders voted on the matters submitted to the meeting as follows (as rounded):
1. Election of three persons to be directors for a term of three years:
| Name | Shares Voted For Election | Shares As To Which Voting Authority Withheld | Broker Non-Votes | ||||||||
Robert J. Pagano, Jr. | 33,933,237 | 1,110,854 | 1,247,853 | ||||||||
Neil A. Schrimsher | 34,504,495 | 539,596 | 1,247,853 | ||||||||
Peter C. Wallace | 32,480,639 | 2,563,452 | 1,247,853 | ||||||||
The terms of the following directors continued after the meeting: Madhuri A. Andrews, Mary Dean Hall, Shelly M. Chadwick, Dan P. Komnenovich, Vincent K. Petrella, and Joe A. Raver.
2. A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 8, 2023:
| Shares Voted For | Shares Voted Against | Shares Abstained From Voting | Broker Non-Votes | ||||||||
| 33,735,989 | 1,184,740 | 123,362 | 1,247,853 | ||||||||
3. A nonbinding advisory vote on the frequency of future votes on the compensation of Applied's named executive officers:
| Shares Voted For Every Year | Shares Voted For Every Two Years | Shares Voted For Every Three Years | Shares Abstained From Voting | BrokerNon-Votes | ||||||||||
| 33,803,463 | 107,769 | 1,081,683 | 51,176 | 1,247,853 | ||||||||||
Based on the recommendation of the Board of Directors with respect to this proposal and these results, Applied has decided to hold an advisory vote on executive compensation annually until the occurrence of the next advisory vote on the frequency of say-on-pay votes.
4. Approval of the 2023 Long-Term Performance Plan:
| Shares Voted For | Shares Voted Against | Shares Abstained From Voting | Broker Non-Votes | ||||||||
| 34,002,345 | 980,495 | 61,251 | 1,247,853 | ||||||||
5. Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors for the fiscal year ending June 30, 2024.
| Shares Voted For Ratification | Shares Voted Against Ratification | Shares Abstained From Voting | ||||||
| 35,572,053 | 699,146 | 20,745 | ||||||
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, thereunto duly authorized.
| APPLIED INDUSTRIAL TECHNOLOGIES, INC. | |||||
| (Registrant) | |||||
By: /s/ Jon S. Ploetz | |||||
| Jon S. Ploetz, Vice President-General Counsel & Secretary | |||||
| Date: October 24, 2023 | |||||