Ford Motor Company held its annual shareholder meeting on May 8th, 2014 in Wilmington, Delaware. A total of 74 people attended the meeting.
The automaker also released preliminary voting results for the year. The results indicate that a total of 3,232,829,070 shares of common stock and 70,852,076 shares of Class B stock with a total aggregate of 5,820,630,294 votes were represented in person or by proxy at the annual meeting. These shares represent 83.28 percent of all the votes that could have been cast. Ford will disclose the final voting results in an upcoming Securities and Exchange Commission filing.
For now, the preliminary results are as follows.
Proposal 1
Election Of Directors. Directors elected:
- Stephen G. Butler
- Kimberly Casiano
- Anthony F. Earley, Jr.
- Edsel B. Ford II
- William Clay Ford, Jr.
- Richard A. Gephardt
- James P. Hackett
- James H. Hance, Jr.
- William W. Helman IV
- Jon M. Huntsman, Jr.
- John C. Lechleiter
- Ellen R. Marram
Proposal 2: Approved
Proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm to audit Ford’s books of account and other corporate records for 2014.
| APPROVED/REJECTED | TOTAL VOTES CAST | FOR | AGAINST | VOTES OBTAINED | |
|---|---|---|---|---|---|
| APPROVED | 5,799,436,999 | 99.10% | 0.90% | 21,191,539 |
Proposal 3: Approved
Nonbinding shareholder advisory vote to approve the compensation of the named executives.
| APPROVED/REJECTED | TOTAL VOTES CAST | FOR | AGAINST | VOTES OBTAINED | |
|---|---|---|---|---|---|
| APPROVED | 4,635,495,961 | 75.20% | 24.80% | 26,065,325 |
Proposal 4: Approved
Proposal relating to the approval of the 2014 Stock Plan for Non-Employee Directors.
| APPROVED/REJECTED | TOTAL VOTES CAST | FOR | AGAINST | VOTES OBTAINED | |
|---|---|---|---|---|---|
| APPROVED | 4,635,158,488 | 93.60% | 6.40% | 26,399,721 |
Proposal 5: Rejected
Shareholder proposal relating to consideration of a recapitalization plan to provide that all of the company’s outstanding stock have one vote per share.
| APPROVED/REJECTED | TOTAL VOTES CAST | FOR | AGAINST | VOTES OBTAINED | |
|---|---|---|---|---|---|
| REJECTED | 4,635,732,796 | 34.40% | 65.60% | 25,824,984 |
Proposal 6: Rejected
Shareholder proposal relating to allowing holders of 10 percent of outstanding common stock the power to call special shareholder meetings.
| APPROVED/REJECTED | TOTAL VOTES CAST | FOR | AGAINST | VOTES OBTAINED | |
|---|---|---|---|---|---|
| REJECTED | 4,635,745,975 | 21.90% | 78.10% | 25,810,895 |
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