Wabtec Shareholders Approve Company Proposals at Annual Meeting
May 20 2020 - 12:00PM
Business Wire
Wabtec (NYSE: WAB) shareholders elected two Directors and
approved other company proposals at its Annual Meeting in
Pittsburgh. Directors elected were: Rafael Santana and Lee Foster,
II.
Additionally, Albert J. Neupaver has been elected to Chairman of
the company’s Board of Directors, effective July 1, 2020. Mr.
Neupaver served as Executive Chairman for the past two years and as
the company’s CEO from 2006 to 2014.
Shareholders also ratified the appointment of Ernst & Young
LLP as the company’s independent registered public accounting firm
for the 2020 fiscal year, approved a non-binding proposal relating
to executive compensation and approved an amendment of the 2011
Stock Incentive Plan that increases the number of shares available
for awarding under the Plan.
About Wabtec Corporation
Wabtec Corporation is a leading global provider of equipment,
systems, digital solutions and value-added services for freight and
transit rail. Drawing on nearly four centuries of collective
experience across Wabtec, GE Transportation and Faiveley Transport,
the company has unmatched digital expertise, technological
innovation, and world-class manufacturing and services, enabling
the digital-rail-and-transit ecosystems. Wabtec is focused on
performance that drives progress, creating transportation solutions
that move and improve the world. The freight portfolio features a
comprehensive line of locomotives, software applications and a
broad selection of mission-critical controls systems, including
Positive Train Control (PTC). The transit portfolio provides highly
engineered systems and services to virtually every major rail
transit system around the world, supplying an integrated series of
components for buses and all train-related market segments that
deliver safety, efficiency and passenger comfort. Along with its
industry-leading portfolio of products and solutions for the rail
and transit industries, Wabtec is a leader in mining, marine, and
industrial solutions. Based in Pittsburgh, PA, Wabtec has
approximately 27,000 employees in facilities throughout the world.
Visit: www.WabtecCorp.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200520005627/en/
Wabtec Investor Contact Kristine Kubacki, CFA /
Kristine.Kubacki@wabtec.com /
412-450-2033
Wabtec Media Contact Deia Campanelli / Deia.Campanelli@wabtec.com / 773-297-0482
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