Cummins Inc. Files 8-K for Shareholder Vote Matters

Ticker: CMI · Form: 8-K · Filed: 2024-05-15T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, shareholder-vote

TL;DR

Cummins is calling for a shareholder vote on important company matters.

AI Summary

On May 14, 2024, Cummins Inc. filed an 8-K report detailing the submission of matters to a vote of security holders. The filing indicates that the company is preparing for a shareholder vote on important corporate decisions. The exact nature of these matters is not specified in the provided text, but it signifies a formal step in the corporate governance process.

Why It Matters

This filing indicates that Cummins Inc. is engaging its shareholders in key corporate decisions, a standard but important part of corporate governance and transparency.

Risk Assessment

Risk Level: low — The filing is a routine procedural document related to shareholder voting and does not disclose any immediate financial or operational risks.

Key Players & Entities

FAQ

What specific matters will be submitted for a vote of Cummins Inc. security holders?

The provided text of the 8-K filing does not specify the exact matters to be submitted for a vote. It only states that such matters are being submitted.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on May 14, 2024.

Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?

This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is the state of incorporation for Cummins Inc.?

Cummins Inc. is incorporated in Indiana.

What is the principal executive office address for Cummins Inc.?

The principal executive office of Cummins Inc. is located at 500 Jackson Street, P. O. Box 3005, Columbus, Indiana 47202-3005.

Filing Stats: 704 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-05-15 16:05:15

Key Financial Figures

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 14, 2024, at the 2024 annual meeting of shareholders (the "Annual Meeting") of Cummins Inc. (the "Company"), the Company's shareholders voted on the following proposals: The election of eleven directors for a one-year term to expire at the Company's 2025 annual meeting of shareholders; An advisory vote on the compensation of the Company's named executive officers; The ratification of the appointment of PricewaterhouseCoopers LLP as the Company's auditors for 2024; A shareholder proposal regarding an independent board chairman; and A shareholder proposal regarding linking executive compensation to achieving 1.5C emissions reductions. As of the March 21, 2024 record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting, 136,758,679 shares of Common Stock were outstanding and entitled to vote, each entitled to one vote per share. Approximately 82.5% of all votes were represented at the Annual Meeting in person or by proxy. The following are the final votes on the matters presented for shareholder approval at the Annual Meeting. 1. Election of Eleven Directors for a One-Year Term to Expire at the Company's 2025 Annual Meeting of Shareholders Name For Against Abstain Broker Non-Votes Jennifer W. Rumsey 88,458,860 6,539,605 357,407 17,523,019 Gary L. Belske 93,334,047 1,620,924 400,901 17,523,019 Robert J. Bernhard 89,029,864 5,962,201 363,807 17,523,019 Bruno V. Di Leo Allen 92,663,340 2,285,272 407,260 17,523,019 Daniel W. Fisher 94,358,920 604,367 392,585 17,523,019 Carla A. Harris 91,187,443 3,814,428 354,001 17,523,019 Thomas J. Lynch 89,592,124 5,338,040 425,708 17,523,019 William I. Miller 87,963,955 7,089,669 302,248 17,523,019 Kimberly A. Nelson 92,405,133 2,597,167 353,572 17,523,019 Karen H. Quintos 92,326,981 2,669,408 359,483 17,523,019 John H. Stone 94,452,414 520,563 382,895 17,523,019 2. Advisory Vote on the Compensa

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