Zoetis Announces Results of Its Annual Meeting of Shareholders; Board Declares Third Quarter 2020 Dividend
Zoetis Inc. (NYSE:ZTS) today announced the results of shareholder voting at its 2020 Annual Meeting of Shareholders and provided details on its third quarter 2020 dividend.
Virtual Annual Meeting of Shareholders
Zoetis held a virtual annual meeting today, with Chairman Michael B. McCallister presiding over the business portion of the meeting and shareholder voting. Chief Executive Officer Kristin Peck discussed the company’s strong performance in 2019, the essential role that Zoetis plays in sustaining and protecting animal and human life during the COVID-19 pandemic, and its top priorities for continued growth and market leadership in the global animal health industry.
As part of her remarks about the company, Peck said, “In 2019, we achieved operational revenue growth of 10% and grew adjusted net income 14% operationally, while continuing to create value for our investors.”
“As we started 2020, none of us could have predicted the circumstances we would face as a company and a society with the outbreak of COVID-19. The past few months have been unlike any we have ever experienced in business, or that any of us could have imagined for our families, friends and communities,” continued Peck. “It has been an experience that has tested us, galvanized our team and brought out the best in our colleagues around the world. I could not be prouder.”
“I laid out five priorities for Zoetis: Driving Innovative Growth; Enhancing Customer Experience; Leading in Digital and Data Analytics; Cultivating a High-Performing Organization; and Championing a Healthier, More Sustainable Future. While timing and tactics may be adjusted in light of the COVID-19 pandemic, they are as relevant today as they were then. I look forward to sharing updates in the future as we make progress along these priorities and emerge from this pandemic stronger, more innovative, and more agile than ever,” said Peck.
Shareholder Voting Results
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The results of shareholder voting from the meeting were as follows:
- Gregory Norden, Louise Parent, Kristin Peck and Robert Scully have been elected as directors for three-year terms.
- Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers.
- Shareholders approved, on an advisory basis, the frequency of future advisory votes on the Company’s executive compensation.
- Shareholders ratified and approved the selection of KPMG LLP as the company’s independent registered public accounting firm for fiscal year 2020.
A full replay of the meeting will be made available at http://investor.zoetis.com/events-presentations, along with the presentation materials from the event.