UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report: April 26, 2017
(Date of earliest event reported)
IDEX CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-10235 | 36-3555336 | ||
(State or other jurisdiction | (Commission File Number) | (IRS Employer | ||
of incorporation) | Identification No.) | |||
1925 W. Field Court
Lake Forest, Illinois 60045
(Address of principal executive offices, including zip code)
(847) 498-7070
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 5.07 - Submission of Matters to a Vote of Security Holders.
IDEX Corporation (the “Company”) held its Annual Stockholders’ Meeting on Wednesday, April 26, 2017 and voted on the following matters:
1. | The election of two directors to serve a three-year term. The following persons were elected to serve as Class I directors for a three- year term expiring at the Company annual meeting to be held in 2020, or upon the election and qualification of their successors. |
Director | For | Withheld | Broker Non-Votes | |||
Andrew K. Silvernail | 68,643,646 | 2,826,227 | 1,579,491 | |||
Katrina L. Helmkamp | 69,612,742 | 1,857,131 | 1,579,491 | |||
2. | A proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers. The proposal received the affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the matter as follows: |
Affirmative Votes | 68,957,563 | ||
Negative Votes | 2,459,474 | ||
Abstentions | 52,746 | ||
Broker Non-Votes | 1,579,491 | ||
3. A proposal to approve, on an advisory basis, the frequency (whether annual, biennial or triennial) with which the Company’s stockholders shall be entitled to have an advisory vote to approve named executive officer compensation. A majority of stockholders voted for one year.
One year | 65,012,557 | ||||
Two years | 20,536 | ||||
Three years | 6,421,581 | ||||
Abstentions | 15,199 | ||||
Broker Non-Votes | 1,579,491 | ||||
Based on these results, and consistent with the Company’s recommendation, the Company’s Board of Directors has determined that the Company will hold an advisory vote on named executive officer compensation every year.
4. On a proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2017. The proposal received the affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the matter as follows:
Affirmative Votes | 70,689,996 | |
Negative Votes | 2,343,453 | |
Abstentions | 15,915 | |
Item 7.01 – Regulation FD Disclosure.
On April 26, 2017, IDEX Corporation issued a press release announcing that its Board of Directors has approved a 9 percent increase in the Company’s regular quarterly cash dividend.
A copy of the press release announcing the dividend increase is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 – Financial Statements and Exhibits.
(d) | Exhibits |
99.1 | Press release dated April 26, 2017 announcing a dividend increase | ||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IDEX CORPORATION | ||
By: | /s/ WILLIAM K. GROGAN | |
William K. Grogan | ||
Senior Vice President and Chief Financial Officer | ||
April 27, 2017 | ||
EX-99.1
For further information, contact:
William K. Grogan
Senior Vice President
Chief Financial Officer
847.498.7070
FOR IMMEDIATE RELEASE
Wednesday, April 26, 2017
IDEX CORPORATION INCREASES REGULAR QUARTERLY DIVIDEND
NINE PERCENT
Lake Forest, IL, April 26, 2017 - IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a nine percent increase in the company’s regular quarterly cash dividend to $0.37 per common share. The next dividend will be paid May 31, 2017 to shareholders of record as of May 15, 2017. This dividend represents the company’s 90th consecutive regular quarterly cash dividend payment.
About IDEX
IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, and fire, safety and other diversified products built to its customers’ exacting specifications. Its products are sold in niche markets to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol “IEX”.
For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com