Applied Industrial Technologies Reports Shareholder Vote Matters
Ticker: AIT · Form: 8-K · Filed: Oct 23, 2024 · CIK: 109563
| Field | Detail |
|---|---|
| Company | Applied Industrial Technologies INC (AIT) |
| Form Type | 8-K |
| Filed Date | Oct 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, filing-update
Related Tickers: APTT
TL;DR
APPLIED INDUSTRIAL TECHNOLOGIES (APTT) filed an 8-K on shareholder vote matters from Oct 22.
AI Summary
Applied Industrial Technologies, Inc. filed an 8-K on October 23, 2024, reporting on a submission of matters to a vote of security holders that occurred on October 22, 2024. The filing details the company's corporate structure and historical name changes, including its former names "Bearings Inc /OH/" and "Brown Jim Stores Inc."
Why It Matters
This filing informs shareholders about important matters presented for a vote, ensuring transparency in corporate governance and decision-making processes.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of matters submitted for a shareholder vote and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- 20241022 — Date of earliest event reported (This is the date the reported event, a submission of matters to a vote of security holders, occurred.)
- 20241023 — Filing Date (This is the date the 8-K report was filed with the SEC.)
Key Players & Entities
- APPLIED INDUSTRIAL TECHNOLOGIES, INC. (company) — Registrant
- Bearings Inc /OH/ (company) — Former company name
- Brown Jim Stores Inc (company) — Former company name
- Ohio (jurisdiction) — State of incorporation
- 216-426-4000 (phone_number) — Registrant's telephone number
FAQ
What specific matters were submitted to a vote of security holders on October 22, 2024?
The filing states that matters were submitted to a vote of security holders, but the specific details of these matters are not provided in the excerpt. A full review of the filing would be required to ascertain the exact proposals.
When was Applied Industrial Technologies, Inc. incorporated?
The filing indicates the company is incorporated in Ohio, but the exact incorporation date is not specified in this excerpt.
What is the principal executive office address for Applied Industrial Technologies, Inc.?
The principal executive offices are located at One Applied Plaza, Cleveland, Ohio 44115.
What was the company's former name before 'Applied Industrial Technologies, Inc.'?
The company was formerly known as 'Bearings Inc /OH/' and prior to that, 'Brown Jim Stores Inc'.
What is the SIC code for Applied Industrial Technologies, Inc.?
The Standard Industrial Classification (SIC) code is 5080, which corresponds to Wholesale - Machinery, Equipment & Supplies.
Filing Stats: 556 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-10-23 17:04:57
Filing Documents
- ait-20241022.htm (8-K) — 34KB
- 0000109563-24-000099.txt ( ) — 155KB
- ait-20241022.xsd (EX-101.SCH) — 2KB
- ait-20241022_lab.xml (EX-101.LAB) — 21KB
- ait-20241022_pre.xml (EX-101.PRE) — 12KB
- ait-20241022_htm.xml (XML) — 3KB
07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. An annual meeting of the shareholders of Applied Industrial Technologies, Inc. was held on October 22, 2024. At that meeting, there were 38,446,528 shares of common stock entitled to vote. The shareholders voted on the matters submitted to the meeting as follows (as rounded): 1. Election of three persons to be directors for a term of three years: Name Shares Voted For Election Shares As To Which Voting Authority Withheld Broker Non-Votes Madhuri A. Andrews 31,787,335 3,292,178 1,256,607 Shelly M. Chadwick 33,912,597 1,166,916 1,256,607 Vincent K. Petrella 31,969,389 3,110,124 1,256,607 The terms of the following directors continued after the meeting: Mary Dean Hall, Robert J. Pagano, Jr., Joe A. Raver, Neil A. Schrimsher, Richard J. Simoncic and Peter C. Wallace. 2. A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 16, 2024: Shares Voted For Shares Voted Against Shares Abstained From Voting Broker Non-Votes 33,716,370 1,286,421 76,722 1,256,607 3. Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors for the fiscal year ending June 30, 2025. Shares Voted For Ratification Shares Voted Against Ratification Shares Abstained From Voting 35,659,136 636,617 40,367 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, thereunto duly authorized. APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Registrant) By: /s/ Jon S. Ploetz Jon S. Ploetz, Vice President-General Counsel & Secretary Date: October 23, 2024