8-K 1 a20190506annualshareholder.htm 8-K ANNUAL MEETING Document
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 2, 2019
EASTMAN CHEMICAL COMPANY
(Exact Name of Registrant as Specified in Its Charter)
Delaware
 
1-12626
 
62-1539359
(State or Other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
 
 
200 South Wilcox Drive, Kingsport, TN
 
37662
(Address of Principal Executive Offices)
 
(Zip Code)
 
(Registrant’s Telephone Number, Including Area Code): (423) 229-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
 
 
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
 
 
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
 
 
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
EMN
 
New York Stock Exchange
1.50% Notes Due 2023
 
EMN23
 
New York Stock Exchange
1.875% Notes Due 2026
 
EMN26
 
New York Stock Exchange


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Item 5.07 - Submission of Matters to a Vote of Security Holders
The 2019 Annual Meeting of the Stockholders of Eastman Chemical Company (the "Company") was held on May 2, 2019. There were 138,785,884 shares of common stock outstanding and entitled to be voted, and 120,074,536 of those shares (86.52 % of the outstanding shares) were represented in person or by proxy, at the Annual Meeting.
 
Four items of business were considered by stockholders at the Annual Meeting:
*
election of eleven directors to serve until the Annual Meeting of Stockholders in 2020 and until their successors are duly elected and qualified;
 
 
*
advisory vote on executive compensation as disclosed in the Annual Meeting proxy statement (the “say-on-pay” vote);
 
 
*
ratification of the action by the Audit Committee of the Board of Directors appointing PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2019; and
 
 
*
adoption of an advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting.

The results of the voting on the election of directors were as follows:
Nominee
Votes For
(% of voted shares)
Votes Against
(% of voted shares)
Abstentions
(% of outstanding shares)
Broker Non-Votes
(% of outstanding shares)
Humberto P. Alfonso
106,547,018
(98.47%)
1,655,523
(1.53%)
192,032
(0.14%)
11,679,963
(8.42%)
Brett D. Begemann
105,097,963
(97.22 %)
3,001,076
(2.78%)
295,534
(0.21%)
11,679,963
(8.42%)
Michael P. Connors
56,304,026
(52.04%)
51,892,814
(47.96%)
197,733
(0.14%)
11,679,963
(8.42%)
Mark J. Costa
100,349,106
(93.88%)
6,541,476
(6.12%)
1,503,991
(1.08%)
11,679,963
(8.42%)
Robert M. Hernandez
101,180,844
(93.51%)
7,027,517
(6.49%)
186,212
(0.14%)
11,679,963
(8.42%)
Julie F. Holder
105,745,020
(97.80%)
2,381,837
(2.20%)
267,716
(0.19%)
11,679,963
(8.42%)
Renée J. Hornbaker
103,211,265
(95.38%)
5,005,153
(4.62%)
178,155
(0.12%)
11,679,963
(8.42%)
Lewis M. Kling
103,150,683
(95.33%)
5,057,602
(4.67%)
186,288
(0.14%)
11,679,963
(8.42%)
Kim Ann Mink
67,428,077
(62.36%)
40,695,009
(37.64%)
271,487
(0.20%)
11,679,963
(8.42%)
James J. O’Brien
106,679,855
(98.58%)
1,535,396
(1.42%)
179,322
(0.12%)
11,679,963
(8.42%)
David W. Raisbeck
98,615,572
(91.13%)
9,595,749
(8.87%)
183,252
(0.13%)
11,679,963
(8.42%)

Accordingly, each of the eleven nominees received a majority of votes cast in favor of that director's election and was elected.



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The results of the voting on the advisory "say-on-pay" vote were as follows:

Votes For
(% of voted shares)
Votes Against
(% of voted shares)
Abstentions
(% of outstanding shares)
Broker
Non-Votes
(% of outstanding shares)
99,913,812
(92.51%)
8,091,264
(7.49%)
389,337
(0.28%)
11,680,123
(8.42%)

Accordingly, a majority of votes cast in the advisory "say-on-pay" vote were "for" approval of the executive compensation as disclosed in the Annual Meeting proxy statement.

The results of the voting on the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for 2019 were as follows:
Votes For
(% of voted shares)
Votes Against
(% of voted shares)
Abstentions
(% of outstanding shares)
Broker
Non-Votes
114,152,253
(95.24%)
5,704,264
(4.76%)
218,019
(0.16%)
n/a

Accordingly, a majority of votes cast on the ratification of the appointment of the independent registered public accounting firm were in favor of the proposal and the appointment of PricewaterhouseCoopers LLP was ratified.

The results of the voting on the advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting were as follows:
Votes For
(% of voted shares and % of outstanding shares)
Votes Against
(% of voted shares and % of outstanding shares)
Abstentions
(% of outstanding shares)
Broker
Non-Votes
(% of outstanding shares)
53,295,327
(49.39% and 38.40%)
54,615,207
(50.61% and 39.35%)
483,879
(0.35%)
11,680,123
(8.42%)

Accordingly, a majority of votes cast on this stockholder proposal were not in favor of the advisory proposal and the proposal was not adopted.




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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Eastman Chemical Company
By: /s/ Brian L. Henry
Brian L. Henry, Senior Securities - Governance Counsel and
Assistant Secretary


Date: May 7, 2019