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On May 2, 2025, Smurfit Westrock (NYSE:WRK) plc, a leader in the paperboard containers and boxes industry, conducted its annual general meeting of shareholders, where several key decisions were made. Shareholders voted to elect all director nominees and approved proposals regarding executive compensation and the appointment of the company’s independent auditor.
The election of the board of directors saw overwhelming support, with each nominee receiving at least 98% of the votes cast in favor. The non-binding advisory vote on the compensation of the company’s named executive officers also passed with a strong majority, as did the ratification of KPMG as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
In addition, shareholders approved the frequency of future non-binding advisory votes on executive compensation, opting for an annual review. This decision will stand until the next required vote on the frequency of such reviews, which occurs every six years.
Other proposals that received shareholder approval included the authorization for the Board of Directors to issue shares under Irish law, the ability to opt-out of statutory pre-emption rights, and the determination of the price range for re-issuing treasury shares.
The results of the meeting reflect the shareholders’ confidence in the company’s governance and strategic financial management. The meeting’s outcomes are based on the definitive proxy statement filed with the Securities and Exchange Commission on March 19, 2025.
This summary is based on the information provided in the Form 8-K filed by Smurfit Westrock plc with the Securities and Exchange Commission.
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