Cummins shareholders vote on directors during annual meeting

Mike Wolanin | The Republic An exterior view of Cummins Columbus Engine Plant in Columbus, Ind., Friday, Oct. 7, 2022.

COLUMBUS, Ind. — Cummins Inc. shareholders on Tuesday voted in favor of a slate of directors nominated by the company’s board but rejected proposals to tie executive pay to greenhouse gas emissions reductions and split the chair and chief executive officer roles.

The votes took place during the Cummins’ annual investor meeting, which was held virtually on Tuesday, and came nearly two weeks after the Columbus-based company reported $8.4 billion in revenue in the January-March period, down 1% compared to the first quarter last year.

The slate of 11 director nominees included Cummins Chair and CEO Jennifer Rumsey, the only Cummins employee on the board. The remaining board members come from outside the company. Rumsey has been a director since 2022.

The Board of Directors of Cummins Inc. (NYSE: CMI) on Tuesday declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on June 6, 2024, to shareholders of record on May 24, 2024.

For the complete story, see Wednesday’s Republic.