8-K

PPG INDUSTRIES INC (PPG)

8-K 2021-04-20 For: 2021-04-15
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Added on April 08, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): April 15, 2021

PPG INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter) Pennsylvania 001-1687 25-0730780
--- --- ---
(State or Other Jurisdiction<br>of Incorporation) (Commission<br>File Number) (I.R.S. Employer<br>Identification No.)

One PPG Place, Pittsburgh, Pennsylvania, 15272

(Address of Principal Executive Offices, and Zip Code)

(412) 434-3131

(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2. below):

☐ Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication 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 Symbol(s) Name of each exchange on which registered
Common Stock, par value $1.66 2/3 PPG New York Stock Exchange
0.875% Notes due 2022 PPG 22 New York Stock Exchange
0.875% Notes due 2025 PPG 25 New York Stock Exchange
1.400% Notes due 2027 PPG 27 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 5.07 Submission of Matters to a Vote of Security Holders.

At its 2021 Annual Meeting of Shareholders, the shareholders of PPG Industries, Inc. (the “Company”) voted on the following matters:

1.    The six nominees for director were elected to serve in a class whose term expires in 2024 as follows:

Nominees Votes For Votes Against Votes Abstained Broker Non-Votes
Steven A. Davis 184,427,100 2,318,078 477,267 17,559,007
Michael W. Lamach 180,065,283 6,749,982 407,184 17,559,003
Michael T. Nally 185,892,913 783,217 546,320 17,559,002
Guillermo Novo 185,652,382 1,036,764 533,303 17,559,003
Martin H. Richenhagen 181,521,482 5,213,678 487,289 17,559,003
Catherine R. Smith 185,965,405 814,749 442,291 17,559,007

The following continuing directors did not stand for re-election at the 2021 Annual Meeting of Shareholders (the year in which each director’s term expires is indicated in parenthesis): John V. Faraci (2022), Gary R. Heminger (2022), Kathleen A. Ligocki (2022), Michael H. McGarry (2022), Stephen F. Angel (2023), Hugh Grant (2023) and Melanie L. Healey (2023).

2.    The proposal to approve the compensation of the Company’s named executive officers on an advisory basis was approved as follows:

Votes For Votes Against Votes Abstained Broker Non-Votes
170,413,130 15,985,591 823,548 17,559,183

3.    By the following vote, the shareholders did not approve the proposal (which required the affirmative vote of 80 percent of the Company’s outstanding shares) to amend the Company’s Articles of Incorporation to provide for the annual election of directors:

Votes For Votes Against Votes Abstained Broker Non-Votes
186,209,197 574,378 438,870 17,559,007

4.    By the following vote, the shareholders did not approve the proposal (which required the affirmative vote of 80 percent of the Company’s outstanding shares) to amend the Company’s Articles of Incorporation and Bylaws to replace the supermajority voting requirements:

Votes For Votes Against Votes Abstained Broker Non-Votes
185,363,032 1,280,413 578,829 17,559,178

5.    The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2021 was approved as follows:

Votes For Votes Against Votes Abstained
203,237,276 1,046,248 497,928

There were no broker non-votes with respect to this matter.

6.    The shareholder proposal requesting that the Board of Directors adopt a policy requiring an independent board chairman was not approved as follows:

Votes For Votes Against Votes Abstained Broker Non-Votes
60,047,665 126,109,630 1,064,942 17,559,215

As of the record date of the 2021 Annual Meeting, 236,946,358 shares of common stock were issued and outstanding.

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.

PPG INDUSTRIES, INC.
(Registrant)
Date: April 20, 2021 By: /s/ Michael H. McGarry
Michael H. McGarry
Chairman and Chief Executive Officer