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Form 8-K PARKER HANNIFIN CORP For: Oct 28

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October 29, 2015 1:09 PM EDT


 
        

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): October 28, 2015


PARKER-HANNIFIN CORPORATION
(Exact Name of Registrant as Specified in Charter)
Ohio
1-4982
34-0451060
(State or other jurisdiction of
Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
 
 
6035 Parkland Boulevard, Cleveland, Ohio
 
44124-4141
(Address of Principal Executive Offices)
 
(Zip Code)


Registrant's telephone number, including area code: (216) 896-3000

Not Applicable
(Former name or former address, if changed since last report.)



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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)    On October 28, 2015, the shareholders of Parker-Hannifin Corporation (the "Company") approved
the Parker-Hannifin Corporation 2015 Performance Bonus Plan (the "2015 PBP"). Pursuant to the 2015 PBP, Eligible Executives, which includes the named executive officers, may receive from time to time short-term incentive bonuses payable in cash and long-term incentive bonuses payable in cash and/or stock. The 2015 PBP will enable the Company to deduct incentive bonuses paid under the 2015 PBP that qualify as “performance-based compensation” under Section 162(m) of the Internal Revenue Code, as amended. The foregoing summary of the 2015 PBP is qualified in its entirety by reference to the 2015 PBP, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 5.07. Submission of Matters to a Vote of Security Holders.

(a)    The Annual Meeting of the Shareholders of the Company was held on October 28, 2015. The
number of common shares represented at the Annual Meeting of the Shareholders was
124,300,042.

(b)(i)    The Shareholders elected the following directors for a term expiring at the Annual
Meeting of Shareholders in 2016, as follows:
    
    
 
Votes For

Votes Withheld

Broker Non-Votes

Lee C. Banks
112,651,844

3,728,612

7,919,586

Robert G. Bohn
113,546,984

2,833,472

7,919,586

Linda S. Harty
113,694,287

2,686,169

7,919,586

William E. Kassling
112,673,535

3,706,921

7,919,586

Robert J. Kohlhepp
112,365,004

4,015,452

7,919,586

Kevin A. Lobo
113,784,664

2,595,792

7,919,586

Klaus-Peter Müller
112,633,885

3,746,571

7,919,586

Candy M. Obourn
112,725,595

3,654,861

7,919,586

Joseph Scaminace
111,618,978

4,761,478

7,919,586

Wolfgang R. Schmitt
112,600,628

3,779,828

7,919,586

Åke Svensson
113,798,041

2,582,415

7,919,586

James L. Wainscott
113,354,081

3,026,375

7,919,586

Donald E. Washkewicz
112,738,571

3,641,885

7,919,586

Thomas L. Williams
113,416,800

2,963,656

7,919,586


(ii)
The Shareholders approved an amendment to the Company's Amended Articles of Incorporation to implement a majority voting standard for uncontested Director elections, as follows:
    
For:            114,252,102
Against:         846,084    
Abstain:         1,282,270
Broker Non-Votes:     7,919,586

(iii)
The Shareholders approved an amendment to the Company's Amended Articles of Incorporation to eliminate cumulative voting in Director elections, as follows:
    




For:            96,354,932
Against:        18,654,672    
Abstain:         1,370,852
Broker Non-Votes:     7,919,586

(iv)
The Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2016, as follows:

For:            121,966,370
Against:         968,205    
Abstain:         1,365,467

(v)
The Shareholders approved, on a non-binding, advisory basis, the compensation of the named executive officers of the Company, as follows:
    
For:            97,600,517
Against:        16,808,755    
Abstain:         1,968,972
Broker Non-Votes:     7,919,586

(vi) The Shareholders approved the Parker-Hannifin Corporation 2015 Performance Bonus Plan, as follows:

For:            99,068,989
Against:        15,657,510    
Abstain:         1,651,745
Broker Non-Votes:     7,919,586


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.        Description of Exhibit

10.1            Parker-Hannifin Corporation 2015 Performance Bonus Plan incorporated
            by reference to Appendix B to the Registrant's Definitive Proxy Statement filed
with the Securities and Exchange Commission on September 28, 2015
(Commission File No. 1 - 4982).












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.




 
 
 
PARKER-HANNIFIN CORPORATION
 
 
 
 
 
 
 
 
 
 
 
By: /s/Joseph R. Leonti
 
 
 
      Joseph R. Leonti
 
 
 
      Vice President and Secretary
 
 
 
 
 
 
 
 
Date: October 29, 2015
 
 
 
 
 
 
 
 
 
 
 





EXHIBIT INDEX

Exhibit No.        Description of Exhibit

10.1            Parker-Hannifin Corporation 2015 Performance Bonus Plan incorporated
            by reference to Appendix B to the Registrant's Definitive Proxy Statement filed
with the Securities and Exchange Commission on September 28, 2015
(Commission File No. 1 - 4982).




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