Materion Declares Quarterly Dividend

Ticker: MTRN · Form: 8-K · Filed: 2024-05-10T00:00:00.000Z

Sentiment: neutral

Topics: dividend, shareholder-return

TL;DR

MATERION is paying out $0.22/share dividend on June 14th.

AI Summary

Materion Corporation announced on May 9, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.22 per share. This dividend is payable on June 14, 2024, to shareholders of record as of the close of business on May 31, 2024. This marks a continuation of the company's regular dividend payout schedule.

Why It Matters

This announcement indicates continued financial stability and a commitment to returning value to shareholders through regular dividend payments.

Risk Assessment

Risk Level: low — The filing is a routine dividend declaration, which typically carries low risk.

Key Numbers

Key Players & Entities

FAQ

What is the amount of the quarterly cash dividend declared by Materion Corporation?

Materion Corporation declared a quarterly cash dividend of $0.22 per share.

On what date was the dividend declared?

The dividend was declared on May 9, 2024.

When will the declared dividend be paid to shareholders?

The dividend will be paid on June 14, 2024.

Who is eligible to receive this dividend payment?

Shareholders of record as of the close of business on May 31, 2024, are eligible to receive the dividend.

What is the company's jurisdiction of incorporation?

Materion Corporation is incorporated in Ohio.

Filing Stats: 625 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-05-10 13:55:01

Filing Documents

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. On May 9, 2024, Materion Corporation (the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting"). Set forth below are the proposals voted upon at the Annual Meeting and the final voting results. As of the record date of the Annual Meeting, there were 20,730,895 common shares outstanding and entitled to vote on each matter presented for vote at the Annual Meeting. At the Annual Meeting, 19,694,681 common shares, or approximately 95% of the outstanding common shares entitled to vote, were represented in person or by proxy. Those common shares were voted as follows: (1) Election of Directors . The following individuals were nominated in 2024 to serve as directors until 2025. All nominees were elected. The results were as follows: Director For Withhold Broker Non-Votes Vinod M. Khilnani 15,930,288 2,991,817 772,576 Emily M. Liggett 18,314,825 607,280 772,576 Robert J. Phillippy 18,067,027 855,078 772,576 Patrick Prevost 18,213,329 708,776 772,576 N. Mohan Reddy 17,838,006 1,084,099 772,576 Craig S. Shular 17,784,748 1,137,357 772,576 Darlene J. S. Solomon 18,274,293 647,812 772,576 Robert B. Toth 18,096,096 826,009 772,576 Jugal K. Vijayvargiya 18,404,783 517,322 772,576 (2) Ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the year 2024 . The proposal was ratified based on the following vote: For 18,796,640 Against 882,254 Abstentions 15,787 (3) Approval, on an advisory basis, of the compensation of the Company's named executive officers . The Company's shareholders approved, on an advisory, non-binding basis the compensation of the Company's named executive officers. For 17,921,463 Against 973,482 Abstentions 27,160 Broker Non-Votes 772,576

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. Materion Corporation May 10, 2024 By: /s/ Shelly M. Chadwick Shelly M. Chadwick Vice President, Finance and Chief Financial Officer

View on Read The Filing