Honeywell Shareholders Elect Directors, Approve Executive Pay

CHARLOTTE, NC – Honeywell International Inc. (NASDAQ:HON), a prominent industrial conglomerate with a market capitalization of $143.7 billion, announced the outcomes of several key shareholder decisions from its Annual Meeting held on May 20, 2025. According to InvestingPro analysis, the company currently trades slightly above its Fair Value, while maintaining a strong financial health score of GOOD. The results, detailed in their recent 8-K filing, revealed shareholder approval for the election of directors, executive compensation, and the appointment of Deloitte & Touche LLP as independent accountants for the fiscal year 2025.

Shareholders elected all nominated directors, with votes for each ranging from 439,852,979 to 476,401,774. The directors elected include notable figures such as Duncan B. Angove, William S. Ayer, and Grace Lieblein, among others. The votes against were significantly lower, and broker non-votes were consistent across all directors, totaling 72,531,204.

Additionally, the non-binding advisory vote on the compensation of the company’s named executive officers was approved with 449,212,927 votes for, 29,309,661 against, and 2,865,363 abstentions. Shareholders also showed strong support for the appointment of Deloitte & Touche LLP as the company’s independent accountants, with an overwhelming 544,449,524 votes for and only 8,177,924 against.

A notable proposal that did not pass was the " Independent (LON:IOG) Board Chairman" proposal, with 110,847,503 votes for, 367,963,930 against, and 2,576,518 abstentions.

The Liability Management Reorganization Proposal was approved, with 475,299,833 votes for, 3,707,012 against, and 2,381,106 abstentions. This indicates shareholder support for the company’s strategic financial management plans.

These decisions were part of the agenda set forth in Honeywell’s Proxy Statement dated April 9, 2025. The SEC filing also confirmed the continuation of the current corporate secretary, Su Ping Lu, who signed off on the report on behalf of Honeywell International Inc.

The results of this meeting reflect the shareholders’ trust in Honeywell’s current management and strategic direction. The approval of all items, with the exception of the proposal for an independent board chairman, demonstrates confidence in the company’s governance and executive leadership.

In other recent news, Honeywell International Inc. reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $2.51, surpassing analysts’ forecast of $2.21. The company’s revenue reached $9.82 billion, slightly above the anticipated $9.6 billion, highlighting a robust performance in its aerospace and building automation segments. Additionally, Honeywell has successfully finalized the sale of its Personal Protective Equipment (PPE) division to Protective Industrial Products, Inc. for $1.325 billion in cash. This divestiture is part of Honeywell’s strategy to streamline its portfolio and focus on core businesses.

Moreover, Honeywell is nearing a £1.8 billion ($2.56 billion) deal to acquire Johnson Matthey (LON:JMAT)’s catalyst unit, which will be integrated into its automation division. Analyst firms have also weighed in on Honeywell’s prospects; UBS maintains a Buy rating with a $268 price target, citing Honeywell’s promising trajectory among diversified industrial companies. Meanwhile, JPMorgan has increased its price target from $178 to $182, maintaining a Neutral stance due to concerns about valuation despite recognizing Honeywell’s solid execution.

These recent developments align with Honeywell’s strategic actions to drive organic growth and optimize its portfolio, including the planned separation of its Aerospace Technologies and Advanced Materials businesses into independent, publicly traded entities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.