Titan International gains shareholder green light for Delaware reincorporation

Shareholder approval for Titan International’s reincorporation in the US state of Delaware was given at the company’s annual meeting of stockholders on 4 June, clearing the way for the off-road tyre manufacturer to take advantage of the state’s more flexible tax laws. Stockholders also elected Anthony L. Soave to serve as a company director for a three-year term and voted to ratify Grant Thornton LLP as the company’s independent registered public accounting firm for 2015.

Titan’s Board of Directors also held a Board meeting on this date and re-elected Maurice M. Taylor Jr. as chairman and chief executive officer, Paul G. Reitz as president, John Hrudicka as chief financial officer and Michael G. Troyanovich as secretary.