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EMN Eastman Chemical

Employees

Data from SEC filings
Employee count
CEO pay ratio
CEO Salary
Median Employee Salary

ESG framework mentions

In last year of SEC filings
Sustainability Accounting Standards Board (SASB)
No mentions
Global Reporting Initiative (GRI)
No mentions
Task Force on Climate-related Financial Disclosures (TCFD)
No mentions
UN Sustainable Development Goals (SDGs)
No mentions

ESG term mentions

In last year of SEC filings

Shareholder alignment

Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM



The 2021 Annual Meeting of the Stockholders of Eastman Chemical Company (the "Company") was held virtually by webcast on May 6, 2021. There were 136,516,171 shares of common stock outstanding and entitled to be voted, and of those shares 118,489,738 (86.80% of the outstanding shares) were represented virtually or by proxy, at the Annual Meeting.




Five items of business were considered by stockholders at the Annual Meeting:

election of eleven directors to serve until the Annual Meeting of Stockholders in 2022 and until their successors are duly elected and qualified;
advisory vote on executive compensation (the “say-on-pay” vote) as disclosed in the 2021 Annual Meeting Proxy Statement (the “Proxy Statement”);
approval of the 2021 Omnibus Stock Compensation Plan (the "2021 Plan");
ratification of the appointment by the Audit Committee of the Board of Directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2021; and
adoption of an advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting.





The results of the voting on the election of directors were as follows:

NomineeVotes For

(% of voted shares)
Votes Against

(% of voted shares)
Abstentions

(% of outstanding shares)
Broker Non-Votes

(% of outstanding shares)
Humberto P. Alfonso107,825,802
(98.21%)
1,961,787
(1.79%)
207,385(0.15%)8,494,764(6.22%)
Vanessa L. Allen Sutherland109,280,363(99.46%)597,037(0.54%)117,579

(0.08%)
8,494,759
(6.22%)
Brett D. Begemann106,672,885(97.10%)3,183,292(2.90%)138,801(0.10%)8,494,760(6.22%)
Mark J. Costa103,797,763(95.14%)5,303,262(4.86%)893,951
(0.65%)
8,494,762(6.22%)
Edward L. Doheny II108,810,208(99.11%)974,833(0.89%)209,937(0.15%)8,494,760(6.22%)
Julie F. Holder107,021,335(97.41%)2,849,671(2.59%)123,972(0.08%)8,494,760(6.22%)
Renée J. Hornbaker105,856,423(96.35%)4,013,453(3.65%)125,101(0.09%)8,494,761(6.22%)
Kim Ann Mink108,922,349(99.13%)954,733(0.87%)117,895(0.08%)8,494,761(6.22%)
James J. O’Brien103,304,666(94.03%)6,557,243(5.97%)133,065(0.10%)8,494,764(6.22%)
David W. Raisbeck103,058,759(94.43%)6,074,193(5.57%)862,022(0.63%)8,494,764
(6.22%)
Charles K. Stevens III108,455,851(98.72%)1,408,009(1.28%)131,116(0.10%)8,494,762
(6.22%)





Accordingly, each of the eleven nominees received a majority of votes cast in favor of that director's election and was elected.










The results of the voting on the advisory "say-on-pay" vote were as follows:
Votes For

(% of voted shares)
Votes Against

(% of voted shares)
Abstentions

(% of outstanding shares)
Broker

Non-Votes

(% of outstanding shares)
102,311,269(93.33%)7,317,142(6.67%)366,555

(0.27%)
8,494,772(6.22%)





Accordingly, a majority of votes cast in the advisory "say-on-pay" vote were "for" approval of the executive compensation as disclosed in the Proxy Statement.




The results of the voting on the approval of the 2021 Omnibus Stock Compensation Plan were as follows:
Votes For

(% of voted shares plus abstentions)
Votes Against

(% of voted shares plus abstentions)
Abstentions

(% of voted shares plus abstentions)
Broker

Non-Votes

(% of outstanding shares)
100,288,147(91.18%)9,416,200(8.56%)290,620(0.26%)8,494,771(6.22%)





Accordingly, a majority of votes cast (including shares abstaining from voting) on the approval of the 2021 Plan were for the proposal and the 2021 Plan was approved. A description and the text of the 2021 Plan is contained in the Proxy Statement.




The results of the voting on the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for 2021 were as follows:
Votes For

(% of voted shares)
Votes Against

(% of voted shares)
Abstentions

(% of outstanding shares)
Broker

Non-Votes
110,218,807(93.11%)8,160,509(6.89%)110,422(0.08%)Inapplicable





Accordingly, a majority of votes cast on the ratification of the appointment of the independent registered public accounting firm were in favor of the proposal and the appointment of PricewaterhouseCoopers LLP was ratified.




The results of the voting on the advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting were as follows:
Votes For

(% of voted shares and % of outstanding shares)
Votes Against

(% of voted shares and % of outstanding shares)
Abstentions

(% of outstanding shares)
Broker

Non-Votes

(% of outstanding shares)
53,244,830(48.62% and 39.00%)56,264,662(51.38% and 41.22%)485,470

(0.35%)
8,494,776

(6.22%)





Accordingly, a majority of votes cast on this stockholder proposal were not in favor of the advisory proposal and the proposal was not adopted.