Form 8-K - Current report
06 May 2024 - 8:00PM
Edgar (US Regulatory)
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CORNING INC /NY
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2024-05-02
2024-05-02
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2024-05-02
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2024-05-02
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report: (Date of earliest event reported) |
May 2, 2024 |
CORNING INCORPORATED
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation) |
1-3247
(Commission File Number) |
16-0393470
(I.R.S. Employer Identification No.) |
One Riverfront Plaza, Corning, New York
(Address of principal executive offices) |
|
14831
(Zip Code) |
(607) 974-9000
(Registrant’s telephone number, including area
code)
N/A
(Former name or former address,
if changed since last report)
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, $0.50 par value per share |
|
GLW |
|
New York Stock Exchange |
3.875% Notes due 2026 |
|
GLW26 |
|
New York Stock Exchange |
4.125% Notes due 2031 |
|
GLW31 |
|
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. |
|
☐ |
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)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 2, 2024, Richard
T. Clark, former Chairman, Chief Executive Officer and President of Merck & Co., Inc., retired from the Corning Incorporated (the
“Company”) Board of Directors (the “Board”) after the May 2, 2024 Annual Meeting of Shareholders pursuant to the
Board’s mandatory retirement policy, and after 12 years as a Corning Director and 11 years as Lead Independent Director. The Company’s
independent directors appointed Stephanie A. Burns as Lead Independent Director, effective May 2, 2024. Dr. Burns is the former Chairman
and Chief Executive Officer of Dow Corning Corporation and has served on the Company’s Board since 2012. Additionally, Mr. Donald
W. Blair, retired Executive Vice President and Chief Financial Officer, Nike, Inc., retired from the Board of Directors following the
2024 Annual Meeting, after 10 years as a Corning Director.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Shareholders on May 2, 2024. Of
the 855,352,470 shares outstanding and entitled to vote (as of the March 5, 2024 record date), 750,286,843 shares were represented at
the meeting, or an 87.71% quorum. The final results of voting for each matter submitted to a vote of shareholders at the meeting
were as follows:
Proposal 1. Election of Directors. Elected the following 14 individuals
to the Board to serve as directors until the Annual Meeting of Shareholders in 2025 and until their successors have been duly elected
and qualified:
Name |
Votes For |
Votes Against |
Abstain |
Broker
Non-Votes |
Leslie A. Brun |
645,609,885 |
16,522,827 |
1,085,829 |
87,068,302 |
Stephanie A. Burns |
640,103,510 |
22,050,461 |
1,064,570 |
87,068,302 |
Pamela J. Craig |
650,179,230 |
11,992,055 |
1,047,256 |
87,068,302 |
Robert F. Cummings, Jr. |
626,630,096 |
35,485,270 |
1,103,175 |
87,068,302 |
Roger W. Ferguson, Jr. |
631,406,276 |
30,676,735 |
1,135,530 |
87,068,302 |
Thomas D. French |
656,634,048 |
5,391,268 |
1,193,225 |
87,068,302 |
Deborah A. Henretta |
645,814,426 |
16,221,851 |
1,182,264 |
87,068,302 |
Daniel P. Huttenlocher |
655,241,864 |
6,816,206 |
1,160,471 |
87,068,302 |
Kurt M. Landgraf |
627,172,587 |
34,893,134 |
1,152,820 |
87,068,302 |
Kevin J. Martin |
629,658,180 |
32,388,636 |
1,171,725 |
87,068,302 |
Deborah D. Rieman |
622,399,299 |
39,756,534 |
1,062,708 |
87,068,302 |
Hansel E. Tookes II |
562,137,912 |
99,509,322 |
1,571,307 |
87,068,302 |
Wendell P. Weeks |
620,195,357 |
40,023,207 |
2,999,977 |
87,068,302 |
Mark S. Wrighton |
644,496,678 |
17,590,517 |
1,131,346 |
87,068,302 |
Proposal 2. Advisory Vote to Approve the Compensation of our Named Executive
Officers (Say on Pay): Approved, on an advisory basis (non-binding), the compensation of the Company’s named executive officers
as described in detail in the Compensation Discussion and Analysis and the accompanying tables in our 2024 proxy statement.
Votes For |
Votes Against |
Abstain |
Broker
Non-Votes |
580,645,392 |
79,823,314 |
2,749,835 |
87,068,302 |
Proposal 3. Ratification of the Appointment Independent Registered Public
Accounting Firm: Ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditors for the year ending
December 31, 2024.
Votes For |
Votes Against |
Abstain |
Broker
Non-Votes |
720,462,828 |
28,681,733 |
1,142,282 |
- |
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
CORNING INCORPORATED |
|
|
|
|
By: |
/s/ Linda E. Jolly |
|
Name: |
Linda E. Jolly |
|
Title: |
Vice President and Corporate Secretary |
Date: May 3, 2024
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