Navistar stockholders approve Board members

Feb. 18, 2010
Stockholders at the annual meeting of Navistar International Corp. have elected three incumbent members of the Board of Directors to new terms and ratified the selection of KPMG as the company’s independent registered public accounting firm

Stockholders at the annual meeting of Navistar International Corp. have elected three incumbent members of the Board of Directors to new terms and ratified the selection of KPMG as the company’s independent registered public accounting firm. Also approved were amendments to the company’s performance incentive plan.

Eugenio Clariond, retired chairman of the board and CEO of Group IMSA, S.A., and a director since 2002 was elected to a three-year term. Also elected to serve three-year terms was Diane H. Gulyas and William H. Osborne, both directors since 2009. Gulyas is president of E.I. DuPont de Nemours and Company’s performance polymers group while Osborne is the president & CEO of Federal Signal Corp.

The two amendments also approved regard the number of shares available for issuance, increasing the number to 5.75 million from 3.25 million and the addition of a performance measure, earnings before interest and taxes, to the performance incentive plan.

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