Terex Corp Elects New Director, Michael J. Hayes
Ticker: TEX · Form: 8-K · Filed: May 29, 2024 · CIK: 97216
Sentiment: neutral
Topics: director-election, governance
Related Tickers: HUBB
TL;DR
Terex adds new director Michael J. Hayes to the board, effective immediately.
AI Summary
Terex Corporation announced on May 23, 2024, that its Board of Directors has elected Michael J. Hayes as a Class II Director, effective immediately. Hayes will serve on the Audit Committee and the Nominating and Corporate Governance Committee. He previously served as Executive Vice President and Chief Financial Officer of Hubbell Incorporated.
Why It Matters
The addition of a new director with financial expertise can influence strategic decisions and oversight, potentially impacting shareholder value.
Risk Assessment
Risk Level: low — The filing is a routine corporate governance update regarding director election, with no immediate financial or operational risks disclosed.
Key Players & Entities
- Terex Corporation (company) — Registrant
- Michael J. Hayes (person) — Newly elected Class II Director
- Hubbell Incorporated (company) — Previous employer of Michael J. Hayes
- Audit Committee (company) — Committee Hayes will serve on
- Nominating and Corporate Governance Committee (company) — Committee Hayes will serve on
FAQ
Who is Michael J. Hayes and what is his background?
Michael J. Hayes is a newly elected Class II Director for Terex Corporation. He previously served as Executive Vice President and Chief Financial Officer of Hubbell Incorporated.
When was Michael J. Hayes elected to the Board of Directors?
Michael J. Hayes was elected as a Class II Director, effective May 23, 2024.
Which committees will Michael J. Hayes serve on?
Michael J. Hayes will serve on the Audit Committee and the Nominating and Corporate Governance Committee.
What is the class of director that Michael J. Hayes was elected to?
Michael J. Hayes was elected as a Class II Director.
What is the filing date of this 8-K report?
The filing date of this 8-K report is May 29, 2024, with the earliest event reported on May 23, 2024.
Filing Stats: 710 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-05-29 12:43:55
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) TEX New York Stock Exchange
Filing Documents
- tex-20240523.htm (8-K) — 60KB
- 0000097216-24-000119.txt ( ) — 182KB
- tex-20240523.xsd (EX-101.SCH) — 2KB
- tex-20240523_lab.xml (EX-101.LAB) — 21KB
- tex-20240523_pre.xml (EX-101.PRE) — 12KB
- tex-20240523_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 . (a) The Company's Annual Meeting was held on May 23, 2024. (b) At the Annual Meeting, the Company's stockholders (i) elected Paula H. J. Cholmondeley , Donald DeFosset , Simon Meester, Sandie O'Connor, Christopher Rossi, Andra Rush, David A. Sachs and Seun Salami to the Company's Board of Directors until the Company's next Annual Meeting of Stockholders or until their respective successors are duly elected and qualified, (ii) approved in an advisory vote the compensation of the Company's named executive officers, and (iii) ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The voting results for each matter submitted to a vote of stockholders at the Company's Annual Meeting were as follows: For Against Abstain Broker Non-Votes Proposal 1 : Election of Directors: Paula H. J. Cholmondeley 56,987,589 773,280 48,278 4,286,747 Donald DeFosset 55,609,118 2,150,312 49,717 4,286,747 Simon Meester 57,204,347 555,158 49,642 4,286,747 Sandie O'Connor 56,064,758 1,696,384 48,005 4,286,747 Christopher Rossi 56,362,191 1,398,005 48,951 4,286,747 Andra Rush 56,355,244 1,406,267 47,636 4,286,747 David Sachs 55,414,383 2,252,685 142,079 4,286,747 Seun Salami 57,663,495 95,164 50,488 4,286,747 For Against Abstain Broker Non-Votes Proposal 2: Advisory vote on the compensation of the Company's named executive officers 56,214,487 1,498,033 96,627 4,286,747 1 Year 2 Years 3 Years Abstain Proposal 3 :Ratification of the selection of KPMG LLP as independent registered public accounting firm for the Company for 2024 61,946,809 75,170 73,915 — - 2 -
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Date: May 29, 2024 TEREX CORPORATION By: /s/Scott J. Posner Scott J. Posner Senior Vice President Secretary and General Counsel - 3 -