Monsanto Company announced that at its annual meeting, shareowners elected nine members of its board of directors to new one-year terms, with all director nominees receiving a vote of more than 96 percent of votes cast. Elected members include: Gregory H. Boyce, Janice L. Fields, Hugh Grant, Laura K. Ipsen, Marcos M. Lutz, C. Steven McMillan, William U. Parfet, George H. Poste, Ph.D., D.V.M. and Robert J. Stevens.
The remaining four directors, David L. Chicoine, Arthur H. Harper, Gwendolyn S. King and Jon R. Moeller will continue to serve for terms ending at the next annual meeting of shareowners in 2016, when the company will hold annual director elections. In addition, the advisory vote on executive compensation was approved by more than 97 percent of votes cast.
Three shareowner proposals were also voted on at the meeting. Monsanto shareowners supported the recommendation by the company's board of directors and did not approve the proposal requesting adoption of a policy requiring an independent board chairman or the proposal requesting a report on certain matters related to lobbying.
Shareowners approved a non-binding proposal requesting adoption of proxy access.
"The board will take into consideration the shareowner vote and the thoughtful shareowner discussion we've had regarding the evolving role of proxy access," said Robert Stevens, Monsanto Lead Director and Chair of the Nominating and Corporate Governance Committee. "The company will seek additional shareowner input through the company's long-standing shareowner outreach program in connection with its consideration of its corporate governance policies and practices."
Additional voting results will be included in the company's Form 8-K. An audio replay of the annual shareowners meeting will be available by visiting the investor section of Monsanto's website at www.monsanto.com/investors.