Applied Industrial Technologies Inc: director elected; shareholder votes

What happened

• The filing reports that Michael L. Olosky, age 58, was elected to the Board of Directors of Applied Industrial Technologies, Inc. on Oct 20, 2026, with a term expiring in Oct 2028. He was appointed to the corporate governance & sustainability and executive organization & compensation committees.
• The filing also reports that Applied’s annual meeting of shareholders was held on Oct 20, 2026, and shareholders voted on director elections, a nonbinding advisory vote on named executive officer compensation, and ratification of the independent auditors.

Key details

• Michael L. Olosky has served as Chief Executive Officer of Simpson Manufacturing Co., Inc. since Jan 2023; he was Simpson’s Chief Operating Officer from Nov 2020 until Dec 2022 and spent more than 22 years in leadership positions at Henkel. As a non-employee director, he will receive compensation in the same manner as Applied’s other non-employee directors and will enter into an Indemnification Agreement as described in Applied’s Form 10-K for the fiscal year ended Jun 30, 2026.
• 36,733,899 shares of common stock were entitled to vote at the meeting.
• Election of three directors for three-year terms (shares voted for / shares withheld / broker non-votes): Robert J. Pagano, Jr. 27,434,584 / 303,196 / 1,523,813; Neil A. Schrimsher 30,145,352 / 321,228 / 1,523,813; Pamela J. Tomczik 30,265,275 / 201,305 / 1,523,813. Directors whose terms continued after the meeting: Madhuri A. Andrews, Shelly M. Chadwick, Vincent K. Petrella, Joe A. Raver and Richard J. Simoncic.
• Nonbinding advisory vote on named executive officer compensation: 29,946,147 for, 451,212 against, 69,221 abstained, 1,523,813 broker non-votes. Ratification of Deloitte & Touche LLP as independent auditors for the fiscal year ending Jun 30, 2027: 30,789,800 for, 1,148,221 against, 52,372 abstained.

Why it may matter

• The filing reports Item 5.02 (departure of directors or certain officers; election of directors) and Item 5.07 (submission of matters to a vote of security holders), which cover the board change and the shareholder votes at the annual meeting. A filing does not show why the insider traded or why the company acted.