QUINCY, Ill. (May 16, 2011)—During Titan International Inc.'s annual stockholders meeting May 12, shareholders approved an amendment to the firm's 2005 Equity Incentive Plan, increasing by 2.1 million the shares of common stock reserved.
During the meeting, shareholders elected Richard Cashin Jr., Albert Febbo and Mitchell Quain to each serve three-year terms as members of the company's board of directors and named PricewaterhouseCoopers L.L.P. as the company's independent registered public accounting firm for 2011.
In addition, shareholders approved a nonbinding advisory resolution on executive compensation and recommended, by nonbinding advisory vote, that advisory votes on executive compensation should be held once a year.
Also during the meeting, Titan's board of directors re-elected Maurice Taylor Jr. as chairman and CEO; Erwin Billig as vice chairman; Paul Reitz as chief financial officer; Kent Hackamack as executive vice president of corporate development; and Cheri Holley as vice president and secretary.