Kennametal shareowners re-elected all nine directors at the company’s Oct. 27 annual meeting, approved its auditor for the fiscal year ending June 30, 2027, and backed executive compensation in an advisory vote. The board also declared a quarterly cash dividend of 20 cents per share.
- Board election: All nine candidates were elected to serve until the 2027 annual meeting. Support was strongest for Paul Sternlieb, Richard J. Harshman and Shelley Bausch, each receiving more than 65.4 million votes in favor. Joseph Alvarado received about 60.0 million votes in favor and 5.6 million withheld; Lorraine M. Martin received 63.8 million in favor and 1.8 million withheld. The other directors elected were Sanjay Chowbey, Douglas T. Dietrich, Dawne Hickton and Sagar A. Patel.
- Auditor: Shareowners ratified PricewaterhouseCoopers as Kennametal’s independent auditor for the fiscal year ending June 30, 2027, with 67.6 million votes in favor and 2.2 million against.
- Executive compensation: The advisory compensation resolution passed with 62.1 million votes in favor and 3.3 million against.
- Dividend: The 20-cent-per-share quarterly dividend is payable Nov. 23 to shareowners of record at the close of business Nov. 9.
The vote results leave all nine board seats filled through the next annual meeting. The compensation vote is advisory, while the dividend sets a cash payment for eligible shareowners on the stated schedule.