Ford Releases 2016 Annual Report, 2017 Proxy Statement; Announces Virtual Annual Meeting Details
March 31 2017 - 8:08AM
Business Wire
- 2016 annual report highlights Ford’s
progress last year in its continued expansion to be an auto and
mobility company
- Ford’s 2017 annual meeting of
shareholders to be conducted virtually, beginning at 8:30 a.m. EDT,
Thursday, May 11, 2017
- 2017 proxy statement provides details
of the annual meeting, four company and two shareholder proposals,
as well as compensation for this year’s named executive
officers
Ford Motor Company (NYSE:F) today released its 2016 annual
report, which details the progress Ford made last year in its
continued expansion to be an auto and mobility company.
For full-year 2016, Ford had a solid $4.6 billion in net income
and a total company adjusted pre-tax profit of $10.4 billion, the
second best in company history. The company also rewarded
shareholders by distributing $3.5 billion, including the first
supplemental dividend of $1 billion. Globally, Ford launched 11 new
vehicles in 2016, including the all-new Ford F-Series Super Duty,
the new Ford Escape and the flagship Lincoln Continental.
“Our solid performance in 2016 underscores the substantial
progress we are making in expanding our business to be an auto and
a mobility company,” said Mark Fields, Ford president and chief
executive officer. “This year, we’re focused on building on our
strengths, transforming underperforming parts of our business and
investing in the emerging opportunities that will provide even more
profitable growth in the future.”
The full report can be found in pdf format at
www.shareholder.ford.com, and an expanded web version of the report
can be found at www.annualreport.ford.com.
Ford also announced today the company would be conducting its
annual meeting at 8:30 a.m. EDT, Thursday, May 11. The meeting is
being conducted virtually this year for the first time, following a
growing trend of top companies moving to virtual meetings.
Shareholders will be able to listen, vote and submit questions from
their homes or any remote location with internet connectivity.
“We take very seriously the trust that our shareholders place in
our leadership team,” said Bill Ford, Ford executive
chairman. “The annual meeting is an important opportunity for
us to hear directly from our shareholders, and the virtual nature
of this year’s meeting will enable us to increase shareholder
accessibility, while improving efficiency and reducing costs.”
Broadridge Financial Solutions, the financial services
technology firm that will help facilitate the meeting, has been
working with companies to conduct virtual annual meetings since
2009.
In 2016, Broadridge helped more than 180 companies conduct
virtual annual meetings, up from 28 in 2010.
Shareholders can submit questions in two ways this year: They
can do so either up to three days prior to the meeting, or during
the meeting. Questions pertinent to meeting matters that cannot be
answered during the meeting due to time constraints will be
answered and posted online, and on Ford’s shareholder website at
www.shareholder.ford.com.
On the day of the meeting, shareholders can participate online
by logging in at www.virtualshareholdermeeting.com/FORD.
Full details and instructions also can be found on Ford’s
shareholder website and on page 83 of the 2017 proxy statement,
which is being published today. The statement contains details of
four company and two shareholder proposals, as well as compensation
for this year’s named executive officers.
Ford offers registered shareholders the opportunity to reduce
their environmental impact with the option of receiving proxy
materials electronically by registering online with
www.eTree.com/Ford. For each registered shareholder who signs up
for electronic delivery of proxy materials, a tree will be planted
on that person’s behalf.
During 2016, more than 1,000 trees were planted as a result of
Ford shareholders enrolling in the electronic delivery program.
Since inception of the option, more than 6,252 trees have been
planted.
Ford’s annual report, proxy statement and details of the 2017
annual meeting of shareholders are available at
www.shareholder.ford.com.
About Ford Motor Company
Ford Motor Company is a global automotive and mobility company
based in Dearborn, Michigan. With about 201,000 employees and 62
plants worldwide, the company’s core business includes designing,
manufacturing, marketing and servicing a full line of Ford cars,
trucks and SUVs, as well as Lincoln luxury vehicles. To expand its
business model, Ford is aggressively pursuing emerging
opportunities with investments in electrification, autonomy and
mobility. Ford provides financial services through Ford Motor
Credit Company. For more information regarding Ford and its
products and services, please visit www.corporate.ford.com.
For news releases, related materials and
high-resolution photos and video, visit www.media.ford.com.
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or313.845.8540stockinf@ford.com
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