AAON, Inc. Announces Promotions and Dividend Declaration

Strategic Insights -

AAON, Inc. has recently announced two significant developments: the promotion of Christopher D. Eason to Chief Accounting Officer and the declaration of its next regular semi-annual cash dividend. The company's Board of Directors unanimously elected Norman H. Asbjornson, Gary D. Fields, and Angela E. Kouplen to serve as directors until the 2024 Annual Meeting of Stockholders. Additionally, AAON announced its next regular semi-annual cash dividend of $0.19 per share, payable on July 1, 2021, to stockholders of record as of the close of business on June 3, 2021. This follows the company's commitment to succession planning and the growth of its accounting team, with Christopher D. Eason being a key figure in this effort.

Key Takeaways:

  • AAON's Board of Directors elected Norman H. Asbjornson, Gary D. Fields, and Angela E. Kouplen to serve until the 2024 Annual Meeting of Stockholders.
  • Christopher D. Eason was promoted to Chief Accounting Officer, effective May 11, 2021.
  • AAON declared a regular semi-annual cash dividend of $0.19 per share, payable on July 1, 2021, to stockholders of record as of June 3, 2021.
  • The voting results for the advisory resolution on named executive officers' compensation were as follows: 43,370,643 votes for, 1,721,969 votes against, 114,556 votes abstained, and 2,816,029 broker non-votes.
  • The voting results for the ratification of Grant Thornton, LLP as the Company's independent registered public accounting firm were as follows: 47,688,350 votes for, 320,336 votes against, 14,511 abstained, and no broker non-votes.
  • AAON has seen a significant increase in its workforce, with Christopher D. Eason joining in 2018 and 13 years of experience in the assurance division at Grant Thornton, LLP.
  • AAON's growth strategy focuses on promoting from within and investing in its talent to drive future success.

Statistics:

  • The total number of shares voted in the advisory resolution on named executive officers' compensation was 45,206,868.
  • The total number of shares voted in the ratification of Grant Thornton, LLP as the Company's independent registered public accounting firm was 47,702,858.
  • AAON's 2021 dividend payment is expected to be $38 per year.

Sources:

  • AAON, Inc. Press Release: "AAON, Inc. Declares Regular Semi-Annual Cash Dividend"
  • AAON, Inc. Form 8-K: "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers"
  • AAON, Inc. Annual Report on Form 10-K: "Risk Factors" and "Forward-Looking Statements"
  • Cybernet Data Systems, Inc. COMTEX: "AAON, Inc. Announces Promotions and Dividend Declaration"