Illinois Tool Works (ITW) has issued an announcement.
At the Illinois Tool Works Inc. Annual Meeting on May 3, 2024, stockholders approved a new Long-Term Incentive Plan, elected twelve director nominees, and endorsed executive compensation and the appointment of Deloitte & Touche LLP as the independent auditor. They also rejected a proposal for stockholder ratification of executive termination pay. Additionally, amendments were made to the Company’s By-Laws to refine director nomination procedures and affirm the exclusive use of the white proxy card by the Board.
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