Allegion Reports Results of Voting From 2014 Annual General Meeting
DUBLIN, Ireland, June 11, 2014 - Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, held its 2014 Annual General Meeting of shareholders in Newtownmountkennedy, Ireland.
During the Annual General Meeting, the company’s shareholders considered four proposals: nominations to re-elect six members of Allegion’s board of directors; advisory approval of the compensation of the company’s named executive officers; advisory vote on whether to hold an advisory vote on the compensation of the company’s named executive officers every one, two or three years; and the appointment of independent auditors.
The preliminary results of the Annual General Meeting voting are as follows:
- All six individuals nominated for the board of directors - Michael J. Chesser, Carla Cico, Kirk S. Hachigian, David D. Petratis, Dean I. Schaffer and Martin E. Welch III were elected to a one-year term, which expires at the company’s next Annual General Meeting.
- The proposal to give advisory approval of the compensation of the company’s named executive officer received approximately 97 percent of votes cast in favor.
- The proposal to have a yearly advisory vote on executive compensation received approximately 93 percent of votes cast in favor.
- The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company received approximately 99 percent of votes cast in favor.
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Allegion (NYSE: ALLE) creates peace of mind by pioneering safety and security. As a $2 billion provider of security solutions for homes and businesses, Allegion employs more than 8,000 people and sells products in more than 120 countries across the world. Allegion comprises 27 global brands, including strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®.