Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, held its 2013 Annual General Meeting of shareholders in Adare, Ireland.
During the Annual General Meeting, the company's shareholders considered eight proposals: nominations to re-elect 12 members of Ingersoll Rand's board of directors; advisory approval of the compensation of the company's named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors' remuneration; approval of the company's 2013 incentive stock plan; amendment of the company's articles of association to give the Board of Directors authority to declare non-cash dividends; approval of a capital reduction and creation of distributable reserves; amendment of the company's articles of association to expand the authority to execute instruments of transfer; and amendment of the company's articles of association to provide for escheatment in accordance with U.S. laws.
The preliminary results of the Annual General Meeting voting are as follows:
- All 12 individuals nominated for the board of directors Ann C. Berzin, John Bruton, Jared L. Cohon, Gary D. Forsee, Edward E. Hagenlocker, Constance J. Horner, Michael W. Lamach, Theodore E. Martin, Nelson Peltz, John P. Surma, Richard J. Swift, and Tony L. White were elected to a one-year term, which expires at the company's next Annual General Meeting.
- The proposal to give advisory approval of the compensation of the company's named executive officers received approximately 96 percent of votes cast in favor.
- The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company and to authorize the Audit Committee to set the auditor's remuneration received approximately 97 percent of the votes cast in favor.
- The proposal to approve the company's 2013 incentive stock plan received approximately 92 percent of the votes cast in favor.
- The proposal to amend the company's articles of association to give the Board of Directors authority to declare non-cash dividends received approximately 98 percent of the votes cast in favor.
- The proposal to approve a capital reduction and creation of distributable reserves received approximately 99 percent of the votes cast in favor.
- The proposal to amend the company's articles of association to expand the authority to execute instruments of transfer received approximately 99 percent of the votes cast in favor.
- The proposal to amend the company's articles of association to provide for escheatment in accordance with U.S. laws received approximately 99 percent of the votes cast in favor.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating and sustaining safe, comfortable and efficient environments. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Schlage®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; secure homes and commercial properties; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results. For more information, visit ingersollrand.com.
Contacts:
Ingersoll-Rand
Media:
Misty Zelent, 704-655-5324
mzelent@irco.com
or
Analysts:
Joe Fimbianti, 704-655-4721
joseph_fimbianti@irco.com
or
Janet Pfeffer, 704-655-5319
janet_pfeffer@irco.com
