Pepsi Bottling shareholders reject change to directors’ stock plan
-
- May
- 27
Shareholders of Pepsi Bottling Group Inc. rejected a proposed amendment to the company directors’ stock plan to allow for the issuance of an additional 500,000 shares. The vote took place at the company’s annual meeting today in Somers. Pepsi Bottling had supported passage of the amendment that it said was necessary to continue a stock compensation program for non-employee directors. The plan also helps the company motivate and retain non-employee directors, the company said.
In other business at the meeting, shareholders re-elected the company’s 10 directors and ratified Deloitte & Touche LLP as PBG’s independent accounting firm.
In other business at the meeting, shareholders re-elected the company’s 10 directors and ratified Deloitte & Touche LLP as PBG’s independent accounting firm.
This entry was posted
on Wednesday, May 27th, 2009 at 3:14 pm by Jay Loomis.
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