On March 26, 2021, Illinois Tool Works Inc. announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a proposal from John Chevedden requesting the Company board of directors take such steps as may be necessary to permit written consent by the shareholders entitled to cast the minimum number of votes that would be necessary to authorize an action at a meeting at which all shareholders entitled to vote thereon were present and voting at the Company’s annual general meeting of shareholders scheduled to be held on May 7, 2021.