ELKHART, Ind. — Thor Industries Inc. has announced that shareholders approved a number of corporate governance enhancements at the annual meeting of shareholders held on December 14, 2018. Shareholders voted to elect Amelia A. Huntington to the Board of Directors, marking the first female director elected to the Board by the shareholders, which followed her appointment in October. In addition, shareholders approved a proposal to declassify the Board of Directors such that each member of the Board will stand for election each year beginning with the 2019 Annual Meeting.
“We are pleased with the continued progress we have made in improving Thor’s corporate governance and enhancing the diversity of our board,” commented Peter B. Orthwein, Thor’s executive chairman. “Despite her recent tenure, Amy has been a solid addition to our Board of Directors, offering different perspectives that enhance our business and our approach to managing our Company. In addition, the move to declassify our Board will help to enhance our overall governance and alignment of our Board members to our shareholders, which is a long-term goal of our Board.”
At the meeting, 91.2 percent of the eligible votes were cast in person or by proxy for the election of three directors, the ratification of Thor’s Independent Registered Public Accounting Firm, the advisory vote on executive compensation, and the vote on declassification of the Board of Directors. Based on the votes cast, all of the directors up for election were elected and all of the proposals passed.
On Proposal 1, approximately 88.5 percent of votes cast were for the election of Andrew Graves as director, approximately 89.3 percent of votes cast were for the election of Amelia A. Huntington as director, and approximately 88.8 percent of votes cast were for the election of Christopher Klein as director. On Proposal 2, the ratification of Deloitte & Touche LLP as Thor’s Independent Registered Public Accounting Firm, approximately 98.5 percent of votes cast were for the proposal. On Proposal 3, the advisory vote to approve the compensation of Thor’s named executive officers, approximately 80 percent of votes cast were for the proposal. On Proposal 4, the vote on declassification of the Board of Directors, approximately 89.9 percent of votes cast were for the proposal.
SOURCE: Thor Industries Inc. press release