Eastman Chemical Company (NYSE:EMN) stockholders reelected directors
Stephen R. Demeritt, Robert M. Hernandez, Lewis M. Kling and David W.
Raisbeck to three-year terms at the company's annual meeting.
Stockholders also ratified the appointment of PricewaterhouseCoopers LLP
as independent auditors for Eastman for 2009.
In other business, stockholders rejected a proposal requesting that
management revise the company’s employment nondiscrimination policy and
supported a proposal requesting that the Board of Directors take the
steps necessary to give stockholders owning 10% of outstanding common
stock the right to call special meetings. The proposal to give
stockholders the right to call special meetings received a majority of
the votes cast on that proposal at the meeting but was favored by less
than a majority of outstanding shares.
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 posted on the company’s
website at www.investors.eastman.com,
Annual Meeting when they are available, and will also be reported in the
company's Quarterly Report on Form 10-Q to be filed with the SEC
following the second quarter of 2009.
As previously announced, immediately following the annual meeting James
P. Rogers succeeded J. Brian Ferguson as Chief Executive Officer, and
Mr. Ferguson became Executive Chairman of the Board.
Eastman manufactures and markets chemicals, fibers and plastics
worldwide. It provides key differentiated coatings, adhesives and
specialty plastics products; is a major supplier of cellulose acetate
fibers; and produces PET polymers for packaging. As a Responsible Care®
company, Eastman is committed to achieving the highest standards of
health, safety, environmental and security performance. Founded in 1920
and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company
with 2008 sales of $6.7 billion and approximately 10,200 employees. For
more information about Eastman and its products, visit www.eastman.com.
Eastman Chemical Company
Media:
Tracy Broadwater, 423-224-0498
tkbroadwater@eastman.com
or
Investors:
Greg
Riddle, 212-835-1620
griddle@eastman.com
