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KINGSPORT, Tenn., May 4, 2012 - (ACN Newswire) - At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders:
- reelected directors Stephen R. Demeritt, Robert M. Hernandez, Julie F. Holder, Lewis M. Kling and David W. Raisbeck to one-year terms;
- approved, on an advisory basis, the compensation of the company's executive officers as disclosed in the annual meeting proxy statement (the "say-on-pay" vote);
- approved a new Omnibus Stock Compensation Plan;
- ratified the appointment of PricewaterhouseCoopers LLP as independent auditors for 2012;
- approved an amendment to the Certificate of Incorporation to eliminate certain supermajority stockholder voting provisions; and
- supported an advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting.
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 .
Eastman's chemicals, fibers and plastics are used as key ingredients in products that people use every day. Approximately 10,000 Eastman employees around the world blend technical expertise and innovation to deliver practical solutions. The company is committed to finding sustainable business opportunities within the diverse markets and geographies it serves. A global company headquartered in Kingsport, Tennessee, USA, Eastman had 2011 sales of $7.2 billion. For more information, visit www.eastman.com .
Contacts:
Media: Kristin Sturgill
+1-423-229-2526 / ksturgill@eastman.com
Investors: Gregory Riddle
+1-212-835-1620 / griddle@eastman.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Thomson Reuters ONE
Copyright (c) Thomson Reuters 2012. All rights reserved.
Topic: Press release summary
Source: Eastman Chemical Company
http://www.acnnewswire.com
From the Asia Corporate News Network
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