0000067215-26-000028
SEC filingTwo directors retired from the Board at the 2026 Annual Meeting, and shareholders elected four directors, approved executive compensation, and ratified the auditor.
The 8-K reports two director departures and shareholder voting results from the 2026 Annual Meeting held on May 28, 2026. Director Laurie J. Thomsen retired pursuant to the Board’s tenure and mandatory retirement policy, and Luis Avila-Marco retired after deciding not to stand for reelection. Both departures were not due to any disagreement with the company. As a result, the Board size decreased from 11 to 9 members. Shareholders elected four directors: Phillip R. Gallagher, Stephen O. LeClair, and Peter T. Pruitt, Jr. each for a three-year term ending in 2029, and Raejeanne Skillern for a one-year term ending in 2027. Additionally, an advisory vote on executive compensation passed with strong support (24.3 million for, 0.7 million against), and the ratification of PricewaterhouseCoopers as independent auditor for fiscal 2027 was overwhelmingly approved (26.8 million for, 0.1 million against). These events are routine governance actions with no immediate financial impact.