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Ingersoll Rand Reports Results Of Voting From 2014 Annual General Meeting

Stocks in this article: IR

Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, held its 2014 Annual General Meeting of shareholders in Adare, Ireland.

During the Annual General Meeting, the company’s shareholders considered six proposals: nominations to re-elect 11 members of Ingersoll Rand’s board of directors; advisory approval of the compensation of the company’s named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors’ remuneration; renewal of the Board of Directors’ existing authority to issue shares; renewal of the Board of Directors’ existing authority to issue shares for cash without first offering shares to existing shareholders; and a resolution to determine the price range at which the company can reissue shares that it holds as treasury shares.

The preliminary results of the Annual General Meeting voting are as follows:

  • All 11 individuals nominated for the board of directors – Ann C. Berzin, John Bruton, Jared L. Cohon, Gary D. Forsee, Edward E. Hagenlocker, Constance J. Horner, Michael W. Lamach, Theodore E. Martin, John P. Surma, Richard J. Swift, and Tony L. White – were elected to a one-year term, which expires at the company’s next Annual General Meeting.
  • The proposal to give advisory approval of the compensation of the company’s named executive officers received approximately 97 percent of votes cast in favor.
  • The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company and to authorize the Audit Committee to set the auditor’s remuneration received approximately 96 percent of the votes cast in favor.
  • The proposal to approve renewal of the Board of Directors’ existing authority to issue shares received approximately 97 percent of the votes cast in favor.
  • The proposal to approve renewal of the Board of Directors’ existing authority to issue shares for cash without first offering shares to existing shareholders received approximately 97 percent of the votes cast in favor.
  • The proposal to determine the price range at which the company can reissue shares that it holds as treasury shares received approximately 98 percent of the votes cast in favor.

About Ingersoll Rand

Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands— including Club Car®, Ingersoll Rand®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.



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