Date of Report (Date of Earliest Event Reported): May 6, 2022
_________________________
ILLINOIS TOOL WORKS INC.
(Exact name of registrant as specified in its charter)
Delaware
1-4797
36-1258310
(State or other jurisdiction of incorporation)
(Commission File No.)
(I.R.S. Employer Identification No.)
155 Harlem Avenue
Glenview
IL
60025
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: 847-724-7500
Not Applicable
(Former name or former address, if changed since last report.)
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:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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
ITW
New York Stock Exchange
1.25% Euro Notes due 2023
ITW23
New York Stock Exchange
0.250% Euro Notes due 2024
ITW24A
New York Stock Exchange
0.625% Euro Notes due 2027
ITW27
New York Stock Exchange
2.125% Euro Notes due 2030
ITW30
New York Stock Exchange
1.00% Euro Notes due 2031
ITW31
New York Stock Exchange
3.00% Euro Notes due 2034
ITW34
New York Stock Exchange
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 ☐
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. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders
The annual meeting of the stockholders of the Company was held on May 6, 2022 for the purposes of (i) electing the ten director nominees named in the Company’s proxy statement for the meeting to hold office until the next annual meeting of stockholders; (ii) ratifying the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2022; (iii) approving, on an advisory basis, a resolution relating to the compensation of the named executive officers as disclosed in the Company’s proxy statement; and (iv) considering a non-binding stockholder proposal to change the ownership threshold to call special stockholder meetings.
All ten nominees for director named in the Company’s proxy statement for the meeting were elected by the votes set forth below.
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
Election of Directors
Daniel J. Brutto
251,841,618
2,340,331
378,180
23,705,199
Susan Crown
244,580,974
9,670,205
308,950
23,705,199
Darrell L. Ford
252,015,878
2,155,529
388,722
23,705,199
James W. Griffith
246,686,761
7,494,514
378,854
23,705,199
Jay L. Henderson
251,411,600
2,770,488
378,041
23,705,199
Richard H. Lenny
238,417,833
15,468,070
674,226
23,705,199
E. Scott Santi
242,370,703
11,250,769
938,657
23,705,199
David B. Smith, Jr.
246,350,852
7,872,753
336,524
23,705,199
Pamela B. Strobel
241,299,020
12,931,261
329,848
23,705,199
Anré D. Williams
240,306,966
13,878,476
374,687
23,705,199
The appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2022 was ratified by the vote set forth below.
Ratification of independent registered public accounting firm
FOR
AGAINST
ABSTAIN
269,118,543
8,767,034
379,751
The non-binding advisory vote on the compensation of the Company’s named executive officers as disclosed in the Company’s proxy statement for the meeting was approved by the vote set forth below.
Advisory vote to approve executive compensation
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
237,036,874
16,701,701
821,554
23,705,199
The stockholder proposal to change the ownership threshold to call special stockholder meetings was defeated by the vote set forth below.
Stockholder proposal to change the ownership thresholder to call special stockholder meetings.
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
86,314,493
166,220,004
2,025,632
23,705,199
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ILLINOIS TOOL WORKS INC.
Dated: May 12, 2022
By: /s/ Jennifer K. Schott
Jennifer K. Schott
Senior Vice President, General Counsel and Secretary