ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the 2020 annual general meeting of the shareholders of
The Plan authorizes the grant to the Company's eligible employees (including the Company's named executive officers), directors and consultants of stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock rights, performance shares, performance units, annual incentive awards, dividend equivalent units and other awards based on shares. The Company cannot currently determine the benefits, if any, to be paid under the Plan in the future to the officers of the Company, including the Company's named executive officers.
The Plan is described in detail in the Company's proxy statement filed with theU.S. Securities and Exchange Commission onMarch 31, 2020 . The description of the Plan set forth above is qualified in its entirety by reference to the full text of the Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. ITEM 5.07 Submission of Matters to a Vote of Security Holders.nVent Electric plc (the "Company") held its 2020 annual general meeting of shareholders onMay 15, 2020 . There were 170,029,220 ordinary shares issued and outstanding at the close of business onMarch 20, 2020 and entitled to vote at the annual general meeting. A total of 155,723,250 ordinary shares (91.59%) were represented at the annual general meeting. The items voted upon at the annual general meeting and the results of the vote on each proposal were as follows: Proposal 1. - Re-Elect Director Nominees To re-elect nine director nominees for one-year terms expiring on completion of the 2021 annual general meeting of shareholders. Each nominee for director was elected by a vote of the shareholders as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Jerry W. Burris 145,877,949 516,411 91,406 9,237,484 Susan M. Cameron 146,106,142 222,541 157,083 9,237,484 Michael L. Ducker 146,237,738 156,962 91,066 9,237,484 Randall J. Hogan 145,890,157 507,664 87,945 9,237,484 Ronald L. Merriman 146,063,216 328,660 93,890 9,237,484 Nicola Palmer 146,008,076 315,798 161,892 9,237,484 Herbert K. Parker 145,685,290 696,175 104,301 9,237,484 Beth Wozniak 146,198,542 195,702 91,522 9,237,484 Jacqueline Wright 145,990,428 406,168 89,170 9,237,484
As previously reported,
Proposal 2. - Approve, by Non-Binding Advisory Vote, the Compensation of the Named Executive Officers To approve, by non-binding advisory vote, the compensation of the Company's named executive officers. The compensation of the Company's named executive officers was approved, by non-binding advisory vote, by shareholders as follows:
Votes For Votes Against Abstentions Broker Non-Votes 141,486,482 4,730,826 268,458 9,237,484
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Proposal 3. - Approve an Amendment to the
Votes For Votes Against Abstentions Broker Non-Votes
126,052,633 20,231,998 201,135 9,237,484
Proposal 4. - Ratify, by Non-Binding Advisory Vote, the Appointment of
Votes For Votes Against Abstentions
155,210,029 387,912 125,309
Proposal 5. - Authorize the Price Range at Which nVent Electric plc Can Re-allot Shares It Holds as Treasury Shares Under Irish Law To authorize the price range at which the Company can re-allot shares it holds as treasury shares under Irish law. The proposal was approved by a vote of the shareholders as follows:
Votes For Votes Against Abstentions
154,255,130 970,373 497,747
ITEM 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired Not applicable. (b) Pro Forma Financial Information Not applicable. (c) Shell Company Transactions Not applicable (d) Exhibits EXHIBIT INDEX Exhibit Description 10.1nVent Electric plc 2018 Omnibus Incentive Plan (Incorporated by reference to Appendix B to the Company's Definitive Proxy Statement on Schedule 14A filed onMarch 31, 2020 (File No. 001-38265)) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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