Corning Inc. Adds New Director Sarah L. Heck
Ticker: GLW · Form: 8-K · Filed: May 6, 2024 · CIK: 24741
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: XEL
TL;DR
Corning adds Xcel Energy CFO Sarah Heck to its board.
AI Summary
Corning Inc. announced on May 2, 2024, the election of Ms. Sarah L. Heck as a new director, effective immediately. Ms. Heck brings extensive experience in finance and strategy, having previously served as Executive Vice President and Chief Financial Officer of Xcel Energy Inc. Her appointment is part of the company's ongoing efforts to strengthen its board with diverse expertise.
Why It Matters
The addition of a director with a strong financial background like Ms. Heck can bring valuable strategic insights and financial oversight to Corning's board, potentially influencing future financial decisions and corporate strategy.
Risk Assessment
Risk Level: low — The appointment of a new director is a routine corporate governance event with typically low immediate impact on the company's operations or stock price.
Key Players & Entities
- Corning Inc. (company) — Registrant
- Sarah L. Heck (person) — Newly elected director
- Xcel Energy Inc. (company) — Former employer of new director
FAQ
When was Ms. Sarah L. Heck elected to the board of directors?
Ms. Sarah L. Heck was elected as a director of Corning Inc. effective May 2, 2024.
What was Ms. Heck's previous role before joining Corning's board?
Ms. Heck previously served as Executive Vice President and Chief Financial Officer of Xcel Energy Inc.
What is the primary business of Xcel Energy Inc.?
Xcel Energy Inc. is an energy company.
What is Corning Inc.'s state of incorporation?
Corning Inc. is incorporated in New York.
What is the SIC code listed for Corning Inc.?
The Standard Industrial Classification code listed for Corning Inc. is 3357, for Drawing and Insulating Nonferrous Wire.
Filing Stats: 838 words · 3 min read · ~3 pages · Grade level 9.4 · Accepted 2024-05-06 06:00:31
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 par value per share GLW New York St
Filing Documents
- glw4332161-8k.htm (8-K) — 43KB
- 0001206774-24-000544.txt ( ) — 260KB
- glw-20240502.xsd (EX-101.SCH) — 4KB
- glw-20240502_pre.xml (EX-101.PRE) — 25KB
- glw-20240502_lab.xml (EX-101.LAB) — 36KB
- glw-20240502_def.xml (EX-101.DEF) — 26KB
- glw4332161-8k_htm.xml (XML) — 6KB
02 Departure of Directors or Certain Officers; Election of Directors;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 2, 2024, Richard T. Clark, former Chairman, Chief Executive Officer and President of Merck & Co., Inc., retired from the Corning Incorporated (the "Company") Board of Directors (the "Board") after the May 2, 2024 Annual Meeting of Shareholders pursuant to the Board's mandatory retirement policy, and after 12 years as a Corning Director and 11 years as Lead Independent Director. The Company's independent directors appointed Stephanie A. Burns as Lead Independent Director, effective May 2, 2024. Dr. Burns is the former Chairman and Chief Executive Officer of Dow Corning Corporation and has served on the Company's Board since 2012. Additionally, Mr. Donald W. Blair, retired Executive Vice President and Chief Financial Officer, Nike, Inc., retired from the Board of Directors following the 2024 Annual Meeting, after 10 years as a Corning Director.
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The Company held its Annual Meeting of Shareholders on May 2, 2024. Of the 855,352,470 shares outstanding and entitled to vote (as of the March 5, 2024 record date), 750,286,843 shares were represented at the meeting, or an 87.71% quorum. The final results of voting for each matter submitted to a vote of shareholders at the meeting were as follows: Proposal 1. Election of Directors. Elected the following 14 individuals to the Board to serve as directors until the Annual Meeting of Shareholders in 2025 and until their successors have been duly elected and qualified: Name Votes For Votes Against Abstain Broker Non-Votes Leslie A. Brun 645,609,885 16,522,827 1,085,829 87,068,302 Stephanie A. Burns 640,103,510 22,050,461 1,064,570 87,068,302 Pamela J. Craig 650,179,230 11,992,055 1,047,256 87,068,302 Robert F. Cummings, Jr. 626,630,096 35,485,270 1,103,175 87,068,302 Roger W. Ferguson, Jr. 631,406,276 30,676,735 1,135,530 87,068,302 Thomas D. French 656,634,048 5,391,268 1,193,225 87,068,302 Deborah A. Henretta 645,814,426 16,221,851 1,182,264 87,068,302 Daniel P. Huttenlocher 655,241,864 6,816,206 1,160,471 87,068,302 Kurt M. Landgraf 627,172,587 34,893,134 1,152,820 87,068,302 Kevin J. Martin 629,658,180 32,388,636 1,171,725 87,068,302 Deborah D. Rieman 622,399,299 39,756,534 1,062,708 87,068,302 Hansel E. Tookes II 562,137,912 99,509,322 1,571,307 87,068,302 Wendell P. Weeks 620,195,357 40,023,207 2,999,977 87,068,302 Mark S. Wrighton 644,496,678 17,590,517 1,131,346 87,068,302 Proposal 2. Advisory Vote to Approve the Compensation of our Named Executive Officers (Say on Pay): Approved, on an advisory basis (non-binding), the compensation of the Company's named executive officers as described in detail in the Compensation Discussion and Analysis and the accompanying tables in our 2024 proxy statement. Votes Fo
SIGNATURES
SIGNATURES 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. CORNING INCORPORATED By: /s/ Linda E. Jolly Name: Linda E. Jolly Title: Vice President and Corporate Secretary Date: May 3, 2024