PPG Industries Files 8-K on Shareholder Votes and Exhibits

TL;DR

PPG filed an 8-K for shareholder votes and exhibits. Nothing major changed.

AI Summary

PPG Industries, Inc. filed an 8-K on April 23, 2024, reporting events as of April 18, 2024. The filing primarily concerns the submission of matters to a vote of security holders and includes financial statements and exhibits. No specific dollar amounts or new material events were detailed in the provided excerpt.

Why It Matters

This filing indicates that PPG Industries is proceeding with matters requiring shareholder approval and is providing necessary financial documentation, which is standard for corporate governance and transparency.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure and does not indicate any immediate financial distress or significant operational changes.

Key Players & Entities

• PPG INDUSTRIES, INC. (company) — Registrant
• Pennsylvania (location) — State of Incorporation
• April 18, 2024 (date) — Earliest event reported
• April 23, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $1.66 — ch registered Common Stock, par value $1.66 2/3 PPG New York Stock Exchange 0.875

Filing Documents

• ppg-20240418.htm (8-K) — 59KB
• exhibit31-articlesofamendm.htm (EX-3.1) — 51KB
• image_4.jpg (GRAPHIC) — 9KB
• 0000079879-24-000112.txt ( ) — 312KB
• ppg-20240418.xsd (EX-101.SCH) — 3KB
• ppg-20240418_def.xml (EX-101.DEF) — 17KB
• ppg-20240418_lab.xml (EX-101.LAB) — 31KB
• ppg-20240418_pre.xml (EX-101.PRE) — 18KB
• ppg-20240418_htm.xml (XML) — 6KB

03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. PPG Industries, Inc. (the "Company") held its 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting") on April 18, 2024. At the 2024 Annual Meeting, the Company's shareholders approved a proposal to amend the Company's Articles of Incorporation to provide shareholders with the right to call a special meeting (the "Special Meeting Proposal") and approved a proposal to amend the Company's Articles of Incorporation to provide for the exculpation of officers of the Company (the "Officer Exculpation Proposal"), as further described under Item 5.07 below. As a result of the shareholders' approval of the Special Meeting Proposal and the Officer Exculpation Proposal, effective April 19, 2024, the Company amended its Articles of Incorporation as follows: Article Fifth, Section 5.5 was amended to provide that a special meeting of shareholders may be called by shareholders entitled to cast 25% or more of the votes that all shareholders would be entitled to cast at the meeting; and Article Ninth was added to the Articles of Incorporation to provide that to the fullest extent of the laws of the Commonwealth of Pennsylvania, as in effect on January 4, 2023, or as thereafter amended, permit the elimination or limitation of the liability of officers, no officer of the Company shall be personally liable for monetary damages as such for any action taken, or any failure to take any action, as an officer, other than in the case of any breach of performance of duty or any failure of performance of duty by any officer occurring prior to April 19, 2024. The foregoing summaries of the amendments to the Articles of Incorporation do not purport to be complete and are qualified in their entirety by reference to the Articles of Amendment to the Restated Articles of Incorporation, a copy of which is attached as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. At its 2024 Annual Meeting, the shareholders of the Company voted on the following matters: 1. The four nominees for director were elected to serve in a class whose term expires in 2025 as follows: Nominees Votes For Votes Against Votes Abstained Broker Non-Votes Michael W. Lamach 161,941,276 20,068,667 436,913 20,620,360 Martin H. Richenhagen 176,015,628 6,144,985 286,247 20,620,356 Christopher N. Roberts III 181,445,999 658,972 341,891 20,620,354 Catherine R. Smith 170,591,236 11,539,723 315,895 20,620,362 The following continuing directors did not stand for re-election at the 2024 Annual Meeting: Melanie L. Healey, Gary R. Heminger, Timothy M. Knavish, Kathleen A. Ligocki, Michael T. Nally and Guillermo Novo. Pursuant to Article Sixth, Section 6.1(b) of the Articles of Incorporation, all directors of the Company will stand for re-election at the Company's 2025 annual meeting. 2. The proposal to approve the compensation of the Company's named executive officers on an advisory basis was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 174,536,881 7,254,137 655,836 20,620,362 3. The proposal to amend the Company's Articles of Incorporation to provide shareholders with the right to call a special meeting was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 181,255,165 845,195 346,499 20,620,357 4. The proposal to amend the Company's Articles of Incorporation to provide for the exculpation of officers of the Company was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 155,227,516 26,633,075 586,258 20,620,367 5. The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2024 was approved as follows: Votes For Votes Against Votes Abstained 200,445,264 2,266,051 355,901 There were no broker non-votes with respect

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being filed as part of this Report. Exhibit Number Description 3.1 Articles of Amendment to the Restated Articles of Incorporation of PPG Industries, Inc., effective April 19, 2024. 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. PPG INDUSTRIES, INC. (Registrant) Date: April 23, 2024 By: /s/ Timothy M. Knavish Timothy M. Knavish Chairman and Chief Executive Officer