Spirit AeroSystems Holdings | Director elections at Spirit AeroSystems Holdings

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
SPR
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Governance
ESG sub-theme
  • Remuneration or pay
Type of vote
Director vote
Filer type
Management
Company sector
Industrials
Company HQ country
United States
Whereas clause
The following directors have been nominated for election at the 2023 Annual meeting:

1) Robert D. Johnson
(i) Chair of Board of Directors
(ii) Compensation Committee
(iii) Governance Committee

2) Thomas C. Gentille III

3) Stephen A.Cambone
(i) Member of Audit Committee
(ii) Member of Risk Committee

4) Irene M.Esteves
(i) Chair of Audit Committee
(ii) Member of Risk Committee

5) Wiiliam A. Fitzgerald
(i) Member of Audit Committee
(ii) Member of Governance Committee

6) Paul E. Fulchino
(i) Chair of Compensation Committee
(ii) Member of Governance Committee

7) Ronald T.Kadish
(i) Chair of Risk Committee
(ii) Member of Governance Committee

8) John L.Plueger
(i) Member of Audit Committee
(ii) Member of Compensation Committee

9) James R.Ray
(i) Member of Compensation Committee
(ii) Member of Risk Committee

10) Patrick M.Shanahan
(i) Member of Audit Committee
(ii) Member of Compensation Committee

11) Laura H.Wright
(i) Chair of Governance Committee
(ii) Member of Risk Committee

Supporting statement
Last year, shareholders voted 67.5% in favour of a proposal titled 'Severance Pay Approval Policy'. PRI research finds that as of 01 March 2023 there is no evidence that the company has been responsive to shareholder views on this matter.

The 2022 proxy season had one of the highest records for majority-supported environmental, social, and governance (ESG) shareholder proposals in recent years, according to PWC. But as the 2023 proxy season commences, companies are acting on – and implementing – less than two out of every five of those shareholder proposals, according to their proponents. In approximately a quarter of cases, the investor proponent believes the proposal will not be addressed at all.

Access the research here: www.unpri.org/active-ownership-20/are-corporate-boards-responding-to-successful-shareholder-esg-proposals/11160.article

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Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.