Whirlpool Corporation Holds Annual Stockholders' Meeting

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Apr 19, 2011, 10:54 ET

BENTON HARBOR, Mich., April 19, 2011 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) held today its annual stockholders' meeting. Whirlpool stockholders elected eight individuals to the board of directors. Samuel R. Allen, Jeff M. Fettig, Michael F. Johnston, William T. Kerr, John D. Liu, Miles L. Marsh, William D. Perez and Michael D. White were re-elected to the board for additional one-year terms, expiring in 2012. Allen is chairman and chief executive officer of Deere & Co.; Fettig is chairman and chief executive officer of Whirlpool Corporation; Johnston is the former chairman of the board and chief executive officer of Visteon Corporation; Kerr is president and chief executive officer of Arbitron, Inc.; Liu is chief executive officer of Essex Equity Capital Management; Marsh is former chairman of the board and chief executive officer of Fort James Corporation; Perez is senior advisor at Greenhill & Co., and White is chairman, president and chief executive officer of DIRECTV Group.

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Stockholders also voted to approve an advisory vote on executive compensation, to hold an advisory vote on executive compensation annually, to ratify the appointment of Ernst & Young LLP as Whirlpool Corporation's independent registered public accounting firm for 2011, and to approve an advisory proposal to require stockholder approval of certain future severance agreements with senior executives. Stockholders voted against an advisory proposal to allow stockholder action by written consent. These vote results are preliminary; final results will be reported on a current report on Form 8-K which will be filed with the U.S. Securities and Exchange Commission within four business days.

About Whirlpool Corporation

Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of more than $18 billion in 2010, 71,000 employees, and 66 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at www.whirlpoolcorp.com.

About Whirlpool Corporation's 100th Anniversary

Founded on November 11, 1911, Whirlpool Corporation's time- and labor-saving appliance innovations have influenced home and family life during the last century. Driven by the belief that everyone needs a comfortable place to call home, Whirlpool Corporation is focused on improving lives one family, one home at a time.

SOURCE Whirlpool Corporation