Masco Corporation filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$MAS
Industrial Specialties
Industrials
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 (Date of earliest event reported): May 9, 2025
(Exact name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
(313 ) 274-7400
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Our Board of Directors approved the amendment and restatement of the Company’s Bylaws, which were subject to and became effective upon stockholder approval of proposals presented at our Annual Meeting of Stockholders to amend our Certificate of Incorporation to eliminate certain supermajority vote requirements and phase-out the classification of the Board of Directors over a three-year period and provide for the annual election of directors.
Effective May 9, 2025, Section 2.01 of the Bylaws is amended to remove the provision dividing the Board into three classes and to state that the term of directors shall be set forth in the Company’s Certificate of Incorporation. Section 6.01 of the Bylaws is amended to eliminate the supermajority vote requirement for stockholders to amend the Bylaws.
This summary description of the changes to the Bylaws is not complete and is qualified in its entirety by reference to the full text of the Bylaws, a copy of which is filed herewith as Exhibit 3.ii and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
A brief description of the proposals and the votes cast on each proposal at the Annual Meeting are set forth below. As of the record date, 211,652,323 shares of Company common stock were outstanding and entitled to vote.
Proposal 1: The election of three Class I directors to serve until the Annual Meeting in 2028.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||
| Jonathon J. Nudi | 169,053,889 | 7,461,195 | 155,190 | 9,537,760 | ||||||||||
| Lisa A. Payne | 162,308,213 | 13,652,764 | 709,297 | 9,537,760 | ||||||||||
| Sandeep Reddy | 154,874,917 | 21,553,227 | 242,130 | 9,537,760 | ||||||||||
Proposal 2: A non-binding advisory vote to approve the compensation paid to the Company’s named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables, and the related material disclosed in the Proxy Statement.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 160,323,729 | 15,728,556 | 617,989 | 9,537,760 | ||||||||
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Proposal 3: The ratification of the selection of PricewaterhouseCoopers LLP to act as independent auditors for the Company for 2025.
| Votes For | Votes Against | Abstentions | ||||||
| 170,402,924 | 15,652,929 | 152,181 | ||||||
Proposal 4: Approval of an amendment to the Company’s Certificate of Incorporation to eliminate certain supermajority vote requirements.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 175,763,556 | 680,531 | 226,187 | 9,537,760 | ||||||||
Proposal 5: Approval of an amendment to the Company’s Certificate of Incorporation to amend the business combination provisions.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 175,873,216 | 630,880 | 166,178 | 9,537,760 | ||||||||
Proposal 6: Approval of an amendment to the Company’s Certificate of Incorporation to phase-out the classification of the Board of Directors over a three-year period and provide for the annual election of directors.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 176,052,406 | 422,413 | 195,455 | 9,537,760 | ||||||||
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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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 thereunto duly authorized.
| MASCO CORPORATION | ||||||||
| By: | /s/ Richard J. Westenberg | |||||||
| Name: | Richard J. Westenberg | |||||||
| Title: | Vice President, Chief Financial Officer and Treasurer | |||||||
May 15, 2025
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