0001193125-26-221672
SEC filingPackaging Corporation of America held its 2026 Annual Meeting on May 12, 2026, where stockholders elected nine directors, ratified KPMG LLP as independent auditor, and approved executive compensation, with all proposals receiving majority support.
The 2026 Annual Meeting reflects routine corporate governance activity with no contested elections or adverse voting outcomes. All director nominees were elected, though Samuel M. Mencoff and Roger B. Porter received notably lower support—73.5% and 69.9% of votes cast, respectively—suggesting potential shareholder concerns regarding their continued service, possibly tied to tenure, independence, or committee assignments not disclosed in this filing. The overwhelming ratification of KPMG LLP (99.1% of votes cast) and approval of executive compensation (94.5% of votes cast) signal broad confidence in financial oversight and pay practices. Broker non-votes were uniform at 3,975,507 across all director elections and the executive compensation proposal, indicating a consistent proxy voting pattern by brokers for uninstructed shares. No dissenting shareholder proposals, say-on-pay frequency changes, or governance amendments were disclosed, reinforcing the procedural and non-contentious nature of the meeting.