The company said stockholders approved the 2024 Long Term Stock Incentive Plan at its annual meeting on May 10, 2024. The plan had been previously approved by the Board of Directors, subject to stockholder approval.

1. 01

   The company said stockholders approved the 2024 Long Term Stock Incentive Plan at its annual meeting on May 10, 2024. The plan had been previously approved by the Board of Directors, subject to stockholder approval.

2. 02

   Masco said the share issuance limit under the 2024 Plan is up to 7,450,000 million shares of common stock, all of which were rolled over from the remaining share pool of the 2014 Plan. It said the 2024 Plan replaces the 2014 Plan, so no further awards will be granted under the 2014 Plan.

3. 03

   The company said awards granted under the 2014 Plan before the annual meeting will continue to vest or become exercisable on their original terms. It also said Mark R. Alexander received 177,829,126 votes for, Marie A. Ffolkes received 146,050,354 votes for and John C. Plant received 126,485,296 votes for in the election of 3 Class III directors.

4. 04

   The company said the 2024 Plan proposal (Proposal 4) received 187,022,801 votes for, 6,317,781 votes against, 158,660 abstentions and 9,804,172 broker non-votes. It said 220,573,864 shares of common stock were outstanding and entitled to vote as of the record date.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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