Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, today held its 2011 Annual General Meeting of shareholders in Adare, Ireland.
During the Annual General Meeting, the company's shareholders considered six proposals, including nominations to re-elect 11 members of Ingersoll Rand's board of directors; a proposal to approve a new senior executive performance plan; an advisory proposal relating to the company's compensation of its named executive officers; an advisory proposal on whether an advisory vote on executive compensation should be held every one, two or three years; authorization of the company and/or any subsidiary of the company to make market purchases of company shares; and the appointment of independent auditors.
The preliminary results of the Annual General Meeting voting are as follows:
- All 11 individuals nominated for the board of directors, Ann C. Berzin, John Bruton, Jared L. Cohon, Gary D. Forsee, Peter C. Godsoe, Edward E. Hagenlocker, Constance J. Horner, Michael W. Lamach, Theodore E. Martin, Richard J. Swift, and Tony L. White, received at least 94 percent of the votes cast for his or her election to a one-year term, which expires at the company's next Annual General Meeting.
- The proposal to approve a new senior executive performance plan received approximately 95 percent of votes cast in favor and 5 percent opposed.
- The advisory proposal relating to the company's compensation of its named executive officers received approximately 89 percent of votes cast in favor and 11 percent opposed.
- The advisory proposal on whether an advisory vote on executive compensation should be held every one, two or three years received approximately 88 percent of votes cast in favor of one year; 3 percent of votes cast in favor of two years; and 9 percent of votes cast in favor of three years.
- The proposal to approve the authorization of the company and/or any subsidiary of the company to make market purchases of company shares received approximately 98 percent of votes cast in favor and 2 percent opposed.
- PricewaterhouseCoopers received approximately 97 percent of the votes cast in favor of its appointment as independent auditor, with 3 percent opposed.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Schlage®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. We are a $14 billion global business committed to sustainable business practices within our company and for our customers. For more information, visit www.ingersollrand.com.
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Ingersoll-Rand
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