UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
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(IRS Employer |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: |
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(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:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
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 5.07 Submission of Matters to a Vote of Security Holders.
At the annual meeting of shareholders (the “Annual Meeting”) of Expeditors International of Washington, Inc. (the “Company”) held on May 2, 2023, the shareholders of the Company: (1) elected each of the nine director nominees set forth below; (2) approved an advisory vote on the compensation of the Company's Named Executive Officers; (3) approved 1 year as the frequency of advisory votes on executive compensation; (4) ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023; (5) approved a shareholder proposal related to excessive termination pay; and (6) approved a shareholder proposal requesting a report on the Company's diversity, equity, and inclusion efforts.
The Compensation Committee will draft a policy that is responsive to the shareholder proposal related to excessive termination pay and submit it to the Board of Directors for adoption in 2023. The Board of Directors will consider how best to expand its current reporting on the Company’s diversity, equity, and inclusion efforts on a global basis, while taking into consideration local employment and privacy regulations, as well as associated costs.
The final voting results of each of the proposals submitted to a vote of the shareholders of the Company at the Annual Meeting are set forth below.
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Voted For |
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Voted Against |
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Abstain |
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Broker Non-Votes |
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Glenn M. Alger |
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125,835,589 |
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2,305,809 |
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394,952 |
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10,636,891 |
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Robert P. Carlile |
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123,378,984 |
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4,738,882 |
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418,484 |
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10,636,891 |
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James M. DuBois |
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126,196,203 |
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1,929,461 |
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410,686 |
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10,636,891 |
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Mark A. Emmert |
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109,562,085 |
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18,567,640 |
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406,625 |
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10,636,891 |
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Diane H. Gulyas |
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124,107,345 |
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4,028,426 |
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400,579 |
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10,636,891 |
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Jeffrey S. Musser |
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126,091,492 |
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2,042,287 |
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402,571 |
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10,636,891 |
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Brandon S. Pedersen |
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124,428,409 |
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3,693,489 |
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414,452 |
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10,636,891 |
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Liane J. Pelletier |
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119,775,873 |
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8,353,476 |
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407,001 |
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10,636,891 |
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Olivia D. Polius |
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126,856,950 |
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1,280,390 |
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399,010 |
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10,636,891 |
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Voted For |
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Voted Against |
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Abstain |
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Broker Non-Votes |
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113,572,136 |
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14,549,025 |
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415,189 |
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10,636,891 |
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1 Year |
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2 Years |
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3 Years |
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Abstain |
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Broker Non-Votes |
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125,780,083 |
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103,572 |
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2,317,885 |
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334,810 |
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10,636,891 |
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Voted For |
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Voted Against |
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Abstain |
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Broker Non-Votes |
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128,951,719 |
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9,893,331 |
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328,191 |
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0 |
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Voted For |
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Voted Against |
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Abstain |
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Broker Non-Votes |
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86,247,177 |
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41,993,228 |
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295,945 |
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10,636,891 |
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Voted For |
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Voted Against |
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Abstain |
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Broker Non-Votes |
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72,991,678 |
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54,429,646 |
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1,115,026 |
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10,636,891 |
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SIGNATURES
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.
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EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. |
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Date: |
May 4, 2023 |
By: |
/S/ Bradley S. Powell |
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Bradley S. Powell, Senior Vice President and Chief Financial Officer |
Document And Entity Information |
May 02, 2023 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 02, 2023 |
Entity Registrant Name | EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. |
Entity Central Index Key | 0000746515 |
Entity Emerging Growth Company | false |
Securities Act File Number | 000-13468 |
Entity Incorporation, State or Country Code | WA |
Entity Tax Identification Number | 91-1069248 |
Entity Address, Address Line One | 1015 Third Avenue |
Entity Address, City or Town | Seattle |
Entity Address, State or Province | WA |
Entity Address, Postal Zip Code | 98104 |
City Area Code | 206 |
Local Phone Number | 674-3400 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | EXPD |
Security Exchange Name | NASDAQ |
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