Eastman Announces 2011 Annual Meeting Stockholder Vote Results
KINGSPORT, Tenn., May 5, 2011 At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders:
- reelected directors Humberto P. Alfonso, Michael P. Connors, Howard L. Lance, and James P. Rogers to three-year terms;
- approved, on an advisory basis, the compensation of the companys executive officers as disclosed in the annual meeting proxy statement (the say-on-pay vote);
- recommended that future say-on-pay votes occur every year;
- ratified the appointment of PricewaterhouseCoopers LLP as independent auditors for 2011;
- approved an amendment to the companys Certificate of Incorporation to declassify the Board of Directors so that beginning with the 2012 annual meeting each director nominee will be elected to a one-year term; and
- supported a stockholder proposal requesting that the Board of Directors take steps necessary to implement a simple majority vote requirement for all stockholder actions.
Additional information about each of the matters acted upon by
stockholders at the annual meeting is in the proxy statement that
was furnished to stockholders in connection with the meeting. The
proxy statement is also available at www.investors.eastman.com,
Annual Meeting. The final vote totals for the matters acted upon by
stockholders at the annual meeting will be reported in a Form 8-K
filing with the SEC and also posted on www.investors.eastman.com.
SOURCE