Eastman Announces 2016 Annual Meeting Stockholder Vote Results

 

KINGSPORT, Tenn., May 5, 2016 - At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders:

• reelected directors Humberto P. Alfonso, Gary E. Anderson, Brett D. Begemann, Michael P. Connors, Mark J. Costa, Stephen R. Demeritt, Robert M. Hernandez, Julie F. Holder, Renée J. Hornbaker, Lewis M. Kling, James J. O'Brien, and David W. Raisbeck to one-year terms;
• approved, on an advisory basis, the compensation of the company's executive officers as disclosed in the annual meeting proxy statement (the "say-on-pay" vote);
• ratified the appointment of PricewaterhouseCoopers LLP as independent auditors for 2016; and
• rejected an advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting.

Additional information about each of the matters acted upon by stockholders at the annual meeting is in the proxy statement that was furnished to stockholders in connection with the meeting. The proxy statement is also available at www.investors.eastman.com, Annual Meeting. The final vote totals for the matters acted upon by stockholders at the annual meeting will be reported in a Form 8-K filing with the SEC and also posted on www.investors.eastman.com.

Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2015 revenues of approximately $9.6 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 15,000 people around the world. For more information, visit www.eastman.com.

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Contacts:

Media:  Tracy Kilgore
423-224-0498/ [e-mail]

Investors:  Greg Riddle
212-835-1620 / [e-mail]

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire

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