ST. PAUL, Minn., May 06, 2010 (BUSINESS WIRE) -- Ecolab Inc. stockholders today elected the slate of director nominees
including Arthur J. Higgins and current directors Joel W. Johnson and C.
Scott O'Hara to the Board for a term ending in 2013. Mr. Higgins, age
54, is the former Chairman of the Board of Management of Bayer
HealthCare AG of Leverkusen, Germany, and former Chairman of the Bayer
HealthCare Executive Committee. Effective today, the size of Ecolab's
Board was reduced from 12 to 11, following the retirements of Beth M.
Pritchard and Richard U. De Schutter, both of whom served on the Board
since 2004.
In other action at today's meeting, the company's stockholders ratified
the appointment of PricewaterhouseCoopers LLP as Ecolab's independent
registered public accounting firm for 2010; approved the company's 2010
Stock Incentive Plan; amended the company's Restated Certificate of
Incorporation to eliminate classification of terms of the Board of
Directors as of the 2013 Annual Meeting of Stockholders; and approved
the compensation of executives disclosed in the proxy statement. Also at
the meeting, two stockholder proposals were not approved: a stockholder
proposal requesting the Board of Directors to adopt a policy on the
human right to water; and a stockholder proposal requesting the Board of
Directors to amend the company's By-Laws to provide holders of 10% of
the outstanding common stock the power to call special stockholder
meetings.
The final vote tabulation on all matters at today's meeting will be
reported to U.S. Securities Exchange Commission on a current report on
Form 8-K and such report will be made available on the company's web
site.
With sales of $6 billion and more than 26,000 associates, Ecolab (NYSE:
ECL) is the global leader in cleaning, sanitizing, food safety and
infection prevention products and services. Ecolab delivers
comprehensive programs and services to the foodservice, food and
beverage processing, healthcare, and hospitality markets in more than
160 countries. More news and information is available at www.ecolab.com.
(ECL-C)
SOURCE: Ecolab Inc.
Ecolab Inc.
Michael J. Monahan, 651-293-2809
Copyright Business Wire 2010