Rockwell Automation Adopts Proxy Access By-Law Amendments
June 10 2016 - 10:25AM
Business Wire
Rockwell Automation, Inc. (NYSE: ROK) today announced that its
board of directors amended Rockwell Automation’s by-laws to allow
eligible shareowners to have their own director nominees included
in the company’s proxy statement for the annual meeting. The board
proactively adopted these amendments after careful consideration of
proxy access trends and company discussions with some of its
largest shareowners.
“Good governance is an important part of our corporate culture,”
said Donald R. Parfet, lead independent director for the Rockwell
Automation board. “We value the views of our shareowners and
consider their feedback when establishing and evaluating
appropriate policies and practices. We decided to adopt
contemporary proxy access provisions in our by-laws as we evolve
Rockwell Automation’s governance practices.”
Under the amendments a shareowner, or a group of up to 20
shareowners, owning at least three percent of Rockwell Automation’s
outstanding common stock continuously for three or more years, may
submit director nominees for up to 20 percent of the board. The
nominating shareowners and nominees must satisfy the requirements
specified in the by-laws.
Rockwell Automation, Inc. (NYSE: ROK), the world’s largest
company dedicated to industrial automation and information, makes
its customers more productive and the world more sustainable.
Headquartered in Milwaukee, Wis., Rockwell Automation employs
approximately 22,000 people serving customers in more than 80
countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20160610005529/en/
Rockwell Automation, Inc.Patrick GorisVP Finance & Investor
Relations414-382-8510ppgoris@ra.rockwell.comorKeith LesterPublic
Relations Manager414-382-4871klester@ra.rockwell.com
Rockwell Automation (NYSE:ROK)
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