UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 3, 2024, in connection with his upcoming retirement, Edward W. Moore resigned from his position as Senior Vice President, General Counsel, Chief Compliance Officer and Secretary of RPM International Inc. (the “Company”), and Tracy D. Crandall, formerly Vice President — Compliance and Sustainability, Associate General Counsel and Assistant Secretary of the Company, was elected Vice President, General Counsel, Chief Compliance Officer and Secretary. Effective as of October 4, 2024, Mr. Moore became Corporate Counsel for the Company. A copy of the Company’s press release regarding these leadership transitions, dated October 4, 2024, is furnished with this Current Report on Form 8-K as Exhibit 99.1.
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
Annual Meeting Results
The Annual Meeting of Stockholders of the Company was held on October 3, 2024. The following matters were voted on at the Annual Meeting, and the results were as follows:
(i) Approval of an amendment of the Company’s Amended and Restated Certificate of Incorporation to require the annual election of Directors:
| For |
103,257,626 | |||
| Against |
2,143,050 | |||
| Abstain |
419,284 | |||
| Broker Non-Votes |
9,444,026 |
For approval, at least 80% of the outstanding shares of the Company’s common stock must have voted in favor of the amendment of the Company’s Amended and Restated Certificate of Incorporation. Since 80.2% of the outstanding shares of the Company’s common stock voted for approval, the amendment of the Company’s Amended and Restated Certificate of Incorporation was approved by the Company’s stockholders.
(ii) Election of Bruce A. Carbonari, Jenniffer D. Deckard and Salvatore D. Fazzolari as Directors of the Company. The nominees were elected as Directors with the following votes:
Bruce A. Carbonari
| For |
98,677,911 | |||
| Withheld |
7,142,049 | |||
| Broker Non-Votes |
9,444,026 |
Jenniffer D. Deckard
| For |
104,813,771 | |||
| Withheld |
1,006,189 | |||
| Broker Non-Votes |
9,444,026 |
Salvatore D. Fazzolari
| For |
103,284,812 | |||
| Withheld |
2,535,148 | |||
| Broker Non-Votes |
9,444,026 |
In addition to the Directors above, the following Directors’ terms of office continued after the Annual Meeting: Kirkland B. Andrews, Robert A. Livingston, Frederick R. Nance, General Ellen M. Pawlikowski (Retired), Frank C. Sullivan, William B. Summers, Jr., and Elizabeth F. Whited.
(iii) The proposal to approve, on an advisory, non-binding basis, the compensation of the Company’s named executive officers, was approved with the following votes:
| For |
98,210,077 | |||
| Against |
7,071,735 | |||
| Abstain |
538,148 | |||
| Broker Non-Votes |
9,444,026 |
(iv) The proposal to approve the Company’s 2024 Omnibus Equity and Incentive Plan was approved with the following votes:
| For |
101,965,235 | |||
| Against |
3,445,520 | |||
| Abstain |
409,205 | |||
| Broker Non-Votes |
9,444,026 |
(v) The proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending May 31, 2025 was approved with the following votes:
| For |
114,588,698 | |||
| Against |
507,600 | |||
| Abstain |
167,688 | |||
| Broker Non-Votes |
0 |
For information on how the votes for the above matters were tabulated, see the Company’s Definitive Proxy Statement used in connection with the Annual Meeting of Stockholders on October 3, 2024.
| Item 8.01. | Other Events. |
On October 3, 2024, the Company issued a press release announcing an increase in its quarterly cash dividend. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.2.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | Press Release of the Company, dated October 4, 2024, announcing leadership transitions. | |
| 99.2 | Press Release of the Company, dated October 3, 2024, announcing a dividend increase. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
| RPM International Inc. | ||||||
| (Registrant) | ||||||
| Date October 9, 2024 | ||||||
| /s/ Tracy D. Crandall | ||||||
| Tracy D. Crandall Vice President, General Counsel, Chief Compliance Officer and Secretary | ||||||