Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 24, 2011

 

 

KRAFT FOODS INC.

(Exact name of registrant as specified in its charter)

 

 

 

Virginia   1-16483   52-2284372

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

Three Lakes Drive, Northfield, Illinois   60093-2753
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (847) 646-2000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.07. Submission of Matters to a Vote of Security Holders.

On May 24, 2011, we held our annual meeting of shareholders in Skokie, Illinois. A total of 1,464,008,307 shares of our common stock, or 83.47% of our outstanding shares of common stock, were represented in person or by proxy at the annual meeting. The final results for each of the matters submitted to a shareholder vote at the annual meeting are as follows:

 

  1. Our shareholders elected 11 directors to each serve a one-year term until our 2012 annual meeting of shareholders or until his or her successor has been duly chosen and qualified. The votes regarding this proposal were as follows:

 

     For      Against      Abstain      Broker
Non-Votes
 

Ajaypal S. Banga

     1,124,916,894         66,528,925         13,165,936         259,396,552   

Myra M. Hart

     998,487,630         193,088,052         13,031,218         259,401,407   

Peter B. Henry

     1,164,937,408         26,510,315         13,137,263         259,423,321   

Lois D. Juliber

     982,647,014         208,981,830         12,978,909         259,400,554   

Mark D. Ketchum

     977,074,287         214,440,534         13,092,995         259,400,491   

Richard A. Lerner, M.D.

     1,001,986,222         189,564,999         13,056,549         259,400,537   

Mackey J. McDonald

     1,087,252,874         98,987,771         18,366,673         259,400,989   

John C. Pope

     1,054,865,713         136,596,743         13,145,168         259,400,683   

Fredric G. Reynolds

     1,148,265,935         43,172,108         13,169,280         259,400,984   

Irene B. Rosenfeld

     1,140,339,739         50,944,913         13,325,499         259,398,156   

Jean-François M.L. van Boxmeer

     1,143,873,454         47,598,908         13,134,354         259,401,591   

 

  2. Our shareholders approved the advisory vote on executive compensation. The votes regarding this proposal were as follows:

 

For

  

Against

  

Abstain

  

Broker

Non-Votes

963,616,340

   185,773,339    55,171,094    259,447,534

 

  3. Our shareholders recommended, on an advisory basis, that we conduct future executive compensation votes every year. The votes regarding this proposal were as follows:

 

One Year

  

Two Years

  

Three Years

  

Abstain

  

Broker

Non-Votes

1,048,341,849

   12,944,372    135,529,352    7,735,399    259,457,335

In accordance with our shareholders’ recommendation, our Board of Directors has decided to include an advisory shareholder vote on executive compensation in our proxy materials every year until the next required advisory vote on the frequency of an executive compensation vote, which will occur no later than our annual meeting of shareholders in 2017.


  4. Our shareholders approved the Kraft Foods Inc. Amended and Restated 2006 Stock Compensation Plan for Non-Employee Directors. The votes regarding this proposal were as follows:

 

For

  

Against

  

Abstain

  

Broker

Non-Votes

1,122,080,500

   65,528,284    16,994,241    259,405,282

 

  5. Our shareholders ratified the selection of PricewaterhouseCoopers LLP as our independent auditors for the year ending December 31, 2011. The votes regarding this proposal were as follows:

 

For

  

Against

  

Abstain

1,430,714,349

   29,628,898    3,665,060


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    KRAFT FOODS INC.
Date: May 31, 2011      
     

/s/ Carol J. Ward

    Name:   Carol J. Ward
    Title:   Vice President and Corporate Secretary