Applied Industrial Technologies Appoints Michael L. Olosky to Board
Applied Industrial Technologies, Inc. announced the election of Michael L. Olosky to its Board of Directors, with a term expiring in October 2028. Olosky, previously CEO of Simpson Manufacturing Co., Inc., has been appointed to key board committees. The company also held its annual shareholder meeting, where directors Robert J. Pagano, Jr., Neil A. Schrimsher, and Pamela J. Tomczik were elected. Shareholders also approved executive compensation and ratified Deloitte & Touche LLP as the independent auditors.
Key Highlights
- Michael L. Olosky elected to the Board of Directors of Applied Industrial Technologies, Inc. until October 2028.
- Olosky appointed to Corporate Governance & Sustainability and Executive Organization & Compensation Committees.
- Shareholders elected three directors: Robert J. Pagano, Jr., Neil A. Schrimsher, and Pamela J. Tomczik.
- Shareholders approved the compensation of named executive officers in a nonbinding advisory vote.
- Deloitte & Touche LLP ratified as Applied's independent auditors for fiscal year ending June 30, 2027.
Price Impact
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