WARRENVILLE, Ill., Feb 16, 2010 (BUSINESS WIRE) -- Navistar International Corporation (NYSE: NAV) announced that
stockholders at its annual meeting today elected three incumbent
directors to the board of directors, ratified the selection of KPMG as
the company's independent registered public accounting firm and approved
amendments to the company's performance incentive plan.
The director incumbents elected for a three-year term are:
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Eugenio Clariond, a director since 2002, and retired chairman of the
board and chief executive officer of Group IMSA, S.A., a producer of
steel processed products.
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Diane H. Gulyas, a director since 2009, and president of E.I. DuPont
de Nemours and Company's performance polymers group.
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William H. Osborne, a director since 2009, and the president and chief
executive officer of Federal Signal Corporation, a manufacturer and
marketers of fire, safety and municipal infrastructure equipment.
One of the amendments to the company's performance incentive plan
increased the number of shares available for issuance to 5,750,000
shares from 3,250,000 shares. The other amendment added an additional
performance measure, earnings before interest and taxes, to the
performance incentive plan. No other proposals were presented for action
and 87.92 percent of all of the outstanding shares of Navistar were
voted at today's meeting.
About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company
whose subsidiaries and affiliates produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans. It also is a private-label designer and
manufacturer of diesel engines for the pickup truck, van and SUV
markets. The company also provides truck and diesel engine service
parts. Another affiliate offers financing services. Additional
information is available at www.Navistar.com/newsroom.
SOURCE: Navistar International Corporation
Navistar International Corporation
Media contact: Roy Wiley, 630-753-2627
Investor contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
Copyright Business Wire 2010