Corporate ActionApr 30, 2026, 07:37 AM
BWA Stockholders Approve Amended 2023 Stock Plan, 8.3M New Shares; Declares $0.17 Dividend
AI Summary
BorgWarner Inc. stockholders approved the amended and restated 2023 Stock Incentive Plan, increasing shares reserved for issuance by 8.3 million. This plan became effective upon approval at the Annual Meeting on April 29, 2026. Additionally, the Board declared a quarterly cash dividend of $0.17 per share, payable on June 15, 2026, to stockholders of record on June 1, 2026. Stockholders also re-elected eight directors, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as the independent auditor for 2026. A stockholder proposal regarding action by written consent was rejected.
Key Highlights
- Stockholders approved the Amended and Restated 2023 Stock Incentive Plan.
- Plan increases shares reserved for issuance by 8.3 million.
- Quarterly cash dividend of $0.17 per share declared.
- Dividend payable June 15, 2026; record date June 1, 2026.
- Eight directors re-elected to the Board.
- Executive compensation approved on advisory basis (168.1M For).
- PricewaterhouseCoopers LLP ratified as 2026 auditor (182.8M For).
- Stockholder proposal on written consent rejected (167.0M Against).
Price Impact
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