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PCP > SEC Filings for PCP > Form 8-K on 14-Aug-2014All Recent SEC Filings




Submission of Matters to a Vote of Security Holders, Other Events, Finan

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

Precision Castparts Corp. (the "Company") held the 2014 Annual Meeting on August 12, 2014. Set forth below are the final voting results for each of the proposals submitted to a vote of the shareholders.

                                    Votes For         Votes Against       Abstentions       Broker Non-Votes
1. Election of Directors
Mark Donegan                        117,497,753          3,108,109            581,365             9,084,962
Don R. Graber                       117,257,077          3,442,091            488,059             9,084,962
Lester L. Lyles                     118,939,117          1,841,612            406,498             9,084,962
Daniel J. Murphy                    119,161,080          1,620,777            405,370             9,084,962
Vernon E. Oechsle                   117,752,563          2,947,249            487,415             9,084,962
Ulrich Schmidt                      119,163,137          1,618,276            405,814             9,084,962
Richard L. Wambold                  118,948,637          1,833,079            405,511             9,084,962
Timothy A. Wicks                    119,169,610          1,611,492            406,125             9,084,962

                                                        Votes For        Votes Against        Abstentions
2. Ratification of the appointment of Deloitte &
Touche LLP as independent registered public
accounting firm for year ending March 29, 2015         129,093,170            845,784               333,235

                                    Votes For         Votes Against       Abstentions       Broker Non-Votes
3. Advisory vote regarding
compensation of the Company's
named executive officers            116,446,869          3,174,869          1,565,489             9,084,962

                                    Votes For         Votes Against       Abstentions       Broker Non-Votes
4. Shareholder proposal to
limit accelerated vesting of
equity awards upon a change in
control                              42,580,318         78,054,953            551,956             9,084,962

ITEM 8.01. Other Events.

On August 13, 2014, the Company issued a press release announcing that its Board of Directors had approved an increase of $1 billion to the Company's existing program to repurchase shares of the Company's common stock, effective immediately and continuing through September 30, 2016. This amount is in addition to approximately $260 million remaining from a prior authorization. Under the existing program, repurchases are made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. The share repurchase plan does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company's discretion. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference herein.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release issued by Precision Castparts Corp. dated August 13, 2014

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