Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
PCAR > SEC Filings for PCAR > Form 8-K on 2-May-2014All Recent SEC Filings

Show all filings for PACCAR INC

Form 8-K for PACCAR INC


2-May-2014

Change in Directors or Principal Officers, Submission of Matters to a Vote of Security


Item 5.02. Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers

Item 502(f). On April 28, 2014, the Compensation Committee of the PACCAR Inc
Board of Directors approved a Long Term Performance Cash Award ("LTIP Cash
Award") for the 2011-2013 cycle under the Company's Long Term Incentive Plan for
the Named Executive Officers identified in the Company's March 14, 2014 proxy
statement. The total compensation for each Named Executive Officer reported in
the Summary Compensation Table on page 25 of the Company's 2014 proxy statement
has been recalculated to include the LTIP Cash Award as follows:



                               Non-Equity Incentive Plan
                                     Compensation
    Named Executive Officer         LTIP Cash Award            Total Compensation
    M. C. Pigott              $                 2,711,490     $         10,538,315
    R. E. Armstrong           $                   490,320     $          3,570,247
    R. J. Christensen         $                   405,405     $          3,065,691
    D. D. Sobic               $                   378,385     $          2,469,819
    H. C. Schippers           $                   112,816     $          1,124,676

Item 502(e). The Compensation Committee approved incentive award targets for
Mr. Pigott as he transitions from Chief Executive Officer to Executive Chairman, effective April 28, 2014. Mr. Pigott will be eligible for incentives based on his CEO goals and compensation level for the 2014 annual incentive program and the 2015 annual restricted stock program. Mr. Pigott's incentive award targets for the LTIP cash program will be calculated using his CEO compensation level for the three-year cycles starting in 2012, 2013 and 2014. The awards for the 2013 and 2014 cycles will be prorated. The awards are payable if performance goals are achieved at the conclusion of the year in which the performance period ends.



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

(a) The annual meeting of stockholders was held on April 29, 2014.

(b) Following is a brief description and vote count of all items voted on at the annual meeting:

Item 1. Election of Directors.

The following persons were elected to serve as Class I directors with a term
expiring in 2017:



                         Shares Voted         Shares                            Broker
      Nominee                "For"           Withheld        Abstentions       Nonvotes
      J. M. Fluke, Jr.     223,714,381       77,165,833           388,435          1,834
      K. S. Hachigian      289,966,784       10,877,694           426,005              0
      R. C. McGeary        288,074,084       12,713,731           482,668              0
      M. A. Schulz         224,101,465       76,652,802           514,382          1,834

Item No. 2. Second Amended and Restated PACCAR Inc Restricted Stock and Deferred
Compensation Plan for Non-Employee Directors.

Item No. 2 received the affirmative vote of a majority of the shares present and
entitled to vote at the meeting.



                 Shares Voted   Shares Voted                  Broker
                    "For"        "Against"     Abstentions   Nonvotes
                 296,014,647     4,280,130       975,222       484


Item No. 3. Advisory Resolution to Approve Executive Compensation



Item No. 3 received the affirmative vote of a majority of the shares present and
entitled to vote at the meeting.

                 Shares Voted   Shares Voted                  Broker
                    "For"        "Against"     Abstentions   Nonvotes
                 296,328,821     3,456,159      1,485,019      484

Item No. 4. Stockholder Proposal Regarding the Supermajority Vote Provisions.

Item No. 4 did not receive the affirmative vote of a majority of the shares
present and entitled to vote at the meeting.



                 Shares Voted   Shares Voted                  Broker
                    "For"        "Against"     Abstentions   Nonvotes
                 139,170,702    160,898,996     1,199,435     1,350

(c) Not applicable.

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.

PACCAR Inc

Date: May 2, 2014 By: /s/ D. C. Anderson D. C. Anderson Vice President and General Counsel

  Add PCAR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for PCAR - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.