APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On May 14, 2021, at the annual meeting of stockholders of Tenneco Inc. (the 'Company'), the Company's stockholders approved the Tenneco Inc. 2021 Long-Term Incentive Plan (the 'Plan'), effective May 14, 2021. The Company's board of directors previously adopted the Plan on February 22, 2021, subject to stockholder approval. The number of shares of common stock, par value $0.01, of the Company available for issuance under the Plan is 2,375,000 as of May 14, 2021.
For a description of the Plan, see section entitled 'Approve the 2021 LTIP (Item 4)' of the Company's definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission (the 'SEC') on April 1, 2021 (the 'Proxy Statement'), which is included as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference. A copy of the Plan was attached as Appendix A to the Proxy Statement and is included as Exhibit 10.2 to this Current Report on Form 8-K andis incorporated herein by reference.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
On May 14, 2021, Tenneco Inc. (the 'Company') held its 2021 Annual Meeting of Stockholders. The stockholders voted on the matters set forth below.
1. The nominees for election to the Board of Directors were elected, each for a one-yearterm, based upon the following votes:
Nominee | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||
Roy V. Armes | 38,784,907 | 414,999 | 12,167,583 | 13,942,731 | ||||
Thomas C. Freyman | 38,504,529 | 699,566 | 12,163,394 | 13,942,731 | ||||
Denise Gray | 38,597,245 | 619,834 | 12,150,410 | 13,942,731 | ||||
Brian J. Kesseler | 39,677,924 | 714,252 | 10,975,313 | 13,942,731 | ||||
Dennis J. Letham | 39,927,555 | 373,572 | 11,066,362 | 13,942,731 | ||||
James S. Metcalf | 38,377,246 | 812,840 | 12,177,403 | 13,942,731 | ||||
Aleksandra A. Miziolek | 38,597,955 | 607,413 | 12,162,121 | 13,942,731 | ||||
Charles K. Stevens, III | 38,073,231 | 1,153,221 | 12,141,037 | 13,942,731 | ||||
John S. Stroup | 38,413,933 | 715,415 | 12,238,141 | 13,942,731 | ||||
Jane L. Warner | 38,333,901 | 899,160 | 12,134,428 | 13,942,731 |
2. The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent public accountants for 2021 was approved based upon the following votes:
Votes for | 53,433,011 | |
Votes against | 359,066 | |
Abstentions | 11,518,143 |
There were no broker non-votesfor this item.
3. The proposal to approve the compensation of our named executive officers was approved based upon the following advisory, non-bindingvote:
Votes for | 36,709,960 | |
Votes against | 3,564,045 | |
Abstentions | 11,093,484 | |
Broker non-votes | 13,942,731 |
4. The proposal to approve the Tenneco Inc. 2021 Long-Term Incentive Plan was approved based upon the following vote:
Votes for | 38,102,169 | |
Votes against | 2,284,948 | |
Abstentions | 10,980,372 | |
Broker non-votes | 13,942,731 |
5. The proposal to ratify the Section 382 Rights Agreement was approved based upon the following vote:
Votes for | 37,372,065 | |
Votes against | 2,757,835 | |
Abstentions | 11,237,589 | |
Broker non-votes | 13,942,731 |
FINANCIAL STATEMENTS AND EXHIBITS. |
(d) | Exhibits |
Exhibit No. | Description | |
10.1 | Description of the Tenneco Inc. 2021 Long-Term Incentive Plan effective May 14, 2021 (incorporated by reference to Approve the 2021 LTIP (Item 4) of Tenneco's Definitive Proxy Statement filed on April 1, 2021). | |
10.2 | Tenneco Inc. 2021 Long-Term Incentive Plan effective May 14, 2021 (incorporated by reference to Appendix A of Tenneco's Definitive Proxy Statement filed on April 1, 2021). | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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Tenneco Inc. published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 20:55:00 UTC.