Trian Nominees Not Elected To DuPont Board - Quick Facts

(RTTNews) - Trian Fund Management L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company (DD), which beneficially owns approximately 24.6 million DuPont shares, said it appears that the Trian nominees were not elected to the DuPont Board at today's Annual Meeting of Stockholders.

Trian, said, "The vote was close. We greatly appreciate the support we received from the vast majority of institutional stockholders and mutual funds as well as the leading proxy advisory firms, who all recognize the need for change at DuPont. DuPont's Board and management team have staked their reputations on executing the Company's current strategy. Our efforts have created appropriate pressure to prove this strategy can actually deliver high quality and consistent earnings growth."

Regardless of the voting results, Trian said it believes that going forward, DuPont stockholders will be less tolerant of continued missed earnings guidance, extraordinary charges, value-destructive acquisitions and divestitures, executive compensation that is not aligned with performance, and operating metrics such as revenue growth and margins that fail to meet DuPont's own targets. Trian will continue to closely monitor DuPont's performance.