Business News

Lexmark Reports 2009 Annual Stockholders Meeting Results

Friday 24. April 2009 - Lexmark International, Inc. (NYSE:LXK) today announced the results of the company's 2009 stockholder meeting.

Stockholders approved the elections of four directors, Michael J. Maples, Stephen R. Hardis, William R. Fields and Robert Holland, Jr. to serve until 2012 and the ratification of the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2009.

In other business matters, the company’s amended and restated stock incentive plan was also approved by stockholders. Additionally, a stockholder proposal seeking that the company’s Board adopt a policy, commonly referred to as ‘Say On Pay’, under which stockholders could vote at each annual meeting on a non-binding, advisory resolution regarding executive compensation, was approved.

After the meeting, Lexmark’s Board of Directors approved conducting an annual non-binding, advisory vote on executive compensation beginning in 2010.