CNH
Cnh Industrial NV
NYSE
DEFA14A: CNH Industrial N.V. Announces Annual Shareholder Meeting and Proxy Materials Availability
Sentiment:
Proxy Statement
24 March 2025 9:03 PM
CNH Industrial N.V. will hold its annual shareholder meeting on May 12, 2025, in Amsterdam, and proxy materials are now available online.
Capital raise
The company seeks authorization to issue new shares and/or grant rights to subscribe for shares.
The company seeks authorization to limit or exclude pre-emptive rights.
The company seeks authorization to repurchase own shares.
Summary
- CNH Industrial N.V. will hold its annual shareholder meeting on May 12, 2025, in Amsterdam.
- Shareholders will vote on the appointment/re-appointment of executive and non-executive directors.
- The meeting will also include votes on executive compensation, the amended Equity Incentive Plan, and the adoption of the 2024 Company Annual Financial Statements.
- A proposal for a dividend for 2024 will be presented.
- Shareholders will vote to discharge the executive and non-executive directors for their performance in 2024.
- The company seeks authorization to issue new shares, grant rights to subscribe for shares, limit or exclude pre-emptive rights, and repurchase own shares.
- Proxy materials are available online at www.investorvote.com/CNH.
- Shareholders can request a paper copy of the proxy materials by April 25, 2025.
Sentiment
Score: 7
Explanation: The document is a standard announcement of a shareholder meeting and related proposals. The sentiment is neutral to slightly positive due to the proposal of a dividend.
Positives
- Shareholders have the opportunity to vote on important company matters, including director appointments and executive compensation.
- The availability of proxy materials online makes it easier for shareholders to access information and vote.
- The company is proposing a dividend for 2024, which could be seen as a positive for shareholders.
Future Outlook
The document outlines the agenda for the upcoming shareholder meeting, indicating the company's focus on governance and shareholder engagement.
Management Comments
- The Board unanimously recommends that you vote FOR each director nominee included in Item 1, and FOR Items 2A, 2B, 3A, 3C, 3D, 4A, 4B and 4C.
Industry Context
This announcement is standard practice for publicly traded companies, ensuring shareholders have the opportunity to participate in key decisions.
Stakeholder Impact
- Shareholders are directly impacted by the proposals being voted on.
- Employees may be indirectly impacted by decisions related to executive compensation and the Equity Incentive Plan.
Next Steps
- Shareholders should review the proxy materials and vote on the proposals.
- The company will hold its annual shareholder meeting on May 12, 2025.
Key Dates
- April 25, 2025: Deadline to request a paper copy of the proxy materials.
- May 5, 2025: Deadline for electronic votes to be received (5:00 P.M. EST).
- May 12, 2025: Annual Shareholder Meeting at 3:00 pm CEST.
Keywords
Shareholder Meeting, Proxy Statement, CNH Industrial, Directors, Executive Compensation, Dividend, Shares
CNH
Cnh Industrial NV
NYSE
Sector: Industrials
Filings with Classifications
Worse than expected
6 May 2025 10:45 AM
Quarterly Report
- The company's revenue, net sales, and net income were all significantly lower than the same period in the previous year.
- Adjusted EBIT for Industrial Activities decreased substantially, indicating a decline in profitability.
- Both the Agriculture and Construction segments experienced declines in net sales, reflecting weaker market conditions.
Worse than expected
1 May 2025 6:52 AM
Quarterly Report
- The company's net income, diluted EPS, consolidated revenues, and adjusted EBIT of Industrial Activities were all significantly lower compared to Q1 2024.
- The company has updated its 2025 outlook with lower projections for net sales and adjusted EBIT margin in both the agriculture and construction segments.
- Adjusted diluted EPS for 2025 is now projected to be between $0.50 and $0.70, down from the previous guidance of $0.65 to $0.75.
Capital raise
24 March 2025 9:03 PM
Proxy Statement
- The company seeks authorization to issue new shares and/or grant rights to subscribe for shares.
- The company seeks authorization to limit or exclude pre-emptive rights.
- The company seeks authorization to repurchase own shares.
Worse than expected
28 February 2025 3:56 PM
Annual Results
- Net sales for the fiscal year 2024 were down 23% from 2023 mainly due to decreased industry demand.
- 2024 consolidated net income was down 45% and diluted earnings per share decreased $0.70 per share compared to 2023 primarily driven by lower sales.
Worse than expected
4 February 2025 8:04 AM
Quarterly and Full Year Results
- The company's consolidated revenues decreased by 28% in Q4 2024 and 20% for the full year.
- Net income decreased by 70% in Q4 2024 and 45% for the full year.
- Diluted EPS decreased from $1.69 in 2023 to $0.99 in 2024.
- Adjusted EBIT of Industrial Activities decreased by 71% in Q4 2024 and 47% for the full year.
Worse than expected
12 November 2024 4:27 PM
Quarterly Report
- The company's revenue, net sales, and net income all decreased significantly compared to the same period last year.
- Adjusted EBIT for Industrial Activities also decreased substantially, indicating a decline in profitability.
- The company's cash and cash equivalents and restricted cash decreased significantly, indicating a worsening liquidity position.
Worse than expected
8 November 2024 6:34 AM
Quarterly Report
- The company's revenue, net income, and EPS all declined significantly year-over-year.
- The company lowered its full-year guidance for net sales, margins, and EPS.
- Free cash flow was negative, indicating a cash outflow rather than an inflow.
Worse than expected
2 August 2024 2:10 PM
Quarterly Report
- The company's net income decreased significantly compared to the same period last year.
- The company's adjusted EBIT for Industrial Activities declined due to lower volumes in the Agriculture segment.
- The company's cash and cash equivalents and restricted cash decreased significantly.
Worse than expected
31 July 2024 6:47 AM
Quarterly Report
- The company's revenue, net income, and free cash flow were all significantly lower than the same period last year.
- The company has lowered its full-year guidance for net sales, adjusted EBIT margin, free cash flow, and adjusted diluted EPS.
- The company is facing weaker market conditions in both agriculture and construction equipment markets.
Capital raise
9 May 2024 4:41 PM
Annual General Meeting Results
- The board was authorized to issue shares or grant rights to subscribe for shares up to 10% of the company's issued share capital for a period of 18 months.
- This authorization can be used for various purposes, including awards under equity incentive plans and funding acquisitions.
Worse than expected
6 May 2024 4:13 PM
Quarterly Report
- The company's net income and adjusted EBIT decreased compared to the same period last year, indicating worse than expected results.
Worse than expected
2 May 2024 6:51 AM
Quarterly Report
- The company's revenue and earnings per share were lower than the previous year.
- The company has lowered its full-year guidance for agriculture industry sales.
- The company's free cash flow was significantly lower than the previous year.
Delay expected
22 April 2024 7:54 AM
Executive Transition Announcement
- The Investor Day presentation scheduled for May 21, 2024, has been postponed to a later date.
Better than expected
19 March 2024 4:37 PM
Annual Results Amendment
- The company achieved record full-year revenue and EBIT margins in both Agriculture and Construction segments.
- The Financial Services segment achieved a record receivable portfolio balance and segment net income.
- The company's Cumulative Adjusted Diluted EPS and Average Industrial RoIC exceeded targets for the 2021-2023 Long-Term Incentive Plan.
Worse than expected
14 February 2024 7:49 AM
Quarterly Report
- The company's revenue decreased in Q4, and the outlook for 2024 indicates a significant downturn in both agriculture and construction equipment markets.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.