PENTAIR plc
For the period ended May 7, 2024. Filed Mar 22, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 7, 2024 · Filed Mar 22, 2024
Contents
Proxy Statement Summary
This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider, and you should read the entire Proxy Statement before voting.
Voting Matters
| Proposal | Board Vote Recommendation | Vote Required | Page Reference |
|---|---|---|---|
| 1.Re-Elect Director Nominees | FOReach nominee | Majority of votes cast | 10 |
| 2.Approve, by Nonbinding, Advisory Vote, the Compensation of the Named Executive Officers | FOR | Majority of votes cast | 29 |
| 3.Ratify, by Nonbinding, Advisory Vote, the Appointment of the Independent Auditor and Authorize, by Binding Vote, the Audit and Finance Committee to Set the Auditor’s Remuneration | FOR | Majority of votes cast | 71 |
| 4.Authorize the Board of Directors to Allot New Shares | FOR | Majority of votes cast | 74 |
| 5.Authorize the Board of Directors to Opt-Out of Statutory Preemption Rights | FOR | 75% of votes cast | 75 |
| 6.Authorize the Price Range at Which Pentair Can Re-allot Treasury Shares | FOR | 75% of votes cast | 76 |
Director Nominees
| Name and Primary Occupation | Age* | Director Since | Diversity Information | Committee Memberships |
|---|---|---|---|---|
| Gender | Race/Ethnicity | AFC | CC | GC |
| Mona Abutaleb Stephenson INDChief Executive Officer, Medical Technology Solutions, LLC | 61 | 2019 | F | Middle Eastern |
| Melissa Barra INDExecutive Vice President, Chief Sales and Services Officer, Sleep Number Corporation | 52 | 2021 | F | Two or More Races** |
| Tracey C. Doi INDRetired Group Vice President and Chief Financial Officer,Toyota Motor North America | 63 | 2023 | F | Asian |
| T. Michael Glenn INDRetired Executive Vice President, FedEx Corporation and Chief Executive Officer, FedEx Services | 68 | 2007 | M | White |
| Theodore L. Harris INDChief Executive Officer, Balchem Corporation | 59 | 2018 | M | White |
| David A. Jones (Chairman) INDSenior Advisor, Oak Hill Capital Partners | 74 | 2003 | M | White |
| Gregory E. Knight INDSenior Advisor, Digital Transformation, Boston Consulting Group, Inc. | 56 | 2021 | M | Black / African American |
| Michael T. Speetzen INDChief Executive Officer, Polaris Inc. | 54 | 2018 | M | White |
| John L. StauchPresident and Chief Executive Officer, Pentair plc | 59 | 2018 | M | White |
| Billie I. Williamson INDRetired Senior Assurance Partner, Ernst & Young LLP | 71 | 2014 | F | White |
| AFC – Audit and Finance CommitteeCC – Compensation Committee | GC – Governance CommitteeIND – Independent | – Committee Member – Committee Chair |
|---|
- As of the date of the filing of this Proxy Statement ** Hispanic / Latinx and White
| 6 | Pentair | 2024 Proxy Statement |
Proxy Statement Summary
Tracey C. Doi Appointed as a New Director in 2023In 2023, the Board of Directors appointed Tracey C. Doi to serve as a member of the Board and on the Company’s Audit and Finance Committee. Ms. Doi is a seasoned Director and operational leader with skilled experience in strategic planning, finance, transformations, enterprise systems, and business analytics. More information about Ms. Doi can be found in the “2024 Board Nominees” section of this Proxy Statement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.