Goodyear Says Shareholder Proposal To Appoint Board Chairman Not Approved

(RTTNews) - The Goodyear Tire & Rubber Company (GT) said it achieved many milestones in 2013, a year that was unlike any other in its 115-year history. Operating income and strong cash flow were just two of those highlighted at the company's annual shareholder meeting.

The company said this outstanding performance enabled Goodyear to achieve two additional significant milestones; reinstating a dividend on its common stock after 10 years and fully funding its U.S. pension plans.

During the meeting, shareholders re-elected 12 members of the company's Board of Directors to new one-year terms.

The company noted that shareholders also voted to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2014.

A shareholder proposal to appoint an independent board chairman was not approved.