The company said shareholders approved the Hubbell Incorporated Incentive Award Plan (the Restated Plan) at the annual meeting held on May 6, 2025. The plan amends and restates the existing Prior Plan, and its term is extended to 2035.

1. 01

   The company said shareholders approved the Hubbell Incorporated Incentive Award Plan (the Restated Plan) at the annual meeting held on May 6, 2025. The plan amends and restates the existing Prior Plan, and its term is extended to 2035.

2. 02

   The company said the Restated Plan increases the shares available for issuance by 620,000 to a total of 1,749,789 as of March 7, 2025, and raises the annual grant date fair value limit for independent directors from $500,000 to $1,000,000.

3. 03

   The company said the amendments to its certificate of incorporation, which change the voting standard for uncontested Director elections from a plurality to a majority standard, became effective on May 6, 2025. The plurality vote standard is not changed for contested elections; it is retained for them.

4. 04

   The company said the amendment to its certificate of incorporation received 44,268,476 votes in favor and 87,195 against, and the incentive compensation plan proposal received 41,926,594 votes in favor and 2,340,787 against. The say-on-pay proposal received 39,612,315 votes in favor and 4,552,048 against.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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