Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On October 20, 2026, Michael L. Olosky, age 58, was elected to the Board of Directors of Applied Industrial Technologies, Inc. (“Applied”), with a term expiring in October 2028.…
Filed Oct 22, 2026Accepted Oct 22, 2026, 4:27 PM EDTCIK 109563Accession 0000109563-26-000040
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO (maintenance, repair, and operations) and OEM (original equipment manufacturing), and new system install applications in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit www.applied.com.
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Item 5.02Item 5.02 - Departure/Election of Directors
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 20, 2026, Michael L. Olosky, age 58, was elected to the Board of Directors of Applied Industrial Technologies, Inc. (“Applied”), with a term expiring in October 2028. He has been appointed to the Corporate Governance & Sustainability and Executive Organization & Compensation Committees of the Board of Directors.
Mr. Olosky has served as Chief Executive Officer of Simpson Manufacturing Co., Inc. (“Simpson”) (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, since January 2023. From November 2020 until December 2022, Mr. Olosky served as Simpson's Chief Operating Officer. Prior to joining Simpson, Mr. Olosky spent more than 22 years in numerous leadership positions at Henkel, a global chemical and consumer goods company. He most recently served as the Regional President, Henkel North America and Head of the Electronics and Industrial Division.
As a non-employee director, Mr. Olosky will receive compensation in the same manner as Applied’s other non-employee directors, which compensation Applied previously disclosed in its Proxy Statement for Applied’s 2026 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on September 10, 2026. In addition, Mr. Olosky will enter into an Indemnification Agreement with Applied, the form of which is filed as Exhibit 10.4 to Applied’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026.
Item 5.07Item 5.07 - Submission of Matters to Vote
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
An annual meeting of the shareholders of Applied Industrial Technologies, Inc. was held on October 20, 2026. At that meeting, there were 36,733,899 shares of common stock entitled to vote. The shareholders voted on the matters submitted to the meeting as follows (as rounded):
1. Election of three persons to be directors for a term of three years:
Name Shares Voted For Election Shares As To Which Voting Authority Withheld Broker
Non-Votes
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Robert J. Pagano, Jr. 27,434,584 303,196 1,523,813
Neil A. Schrimsher 30,145,352 321,228 1,523,813
Pamela J. Tomczik 30,265,275 201,305 1,523,813
The terms of the following directors continued after the meeting: Madhuri A. Andrews, Shelly M. Chadwick, Vincent K. Petrella, Joe A. Raver and Richard J. Simoncic.
2. A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 10, 2026:
Shares Voted For Shares Voted Against Shares Abstained From Voting Broker
Non-Votes
───────────────────────────────────────────────────────────────────────────────────────────────
29,946,147 451,212 69,221 1,523,813
3. Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors for the fiscal year ending June 30, 2027.
Shares Voted For Ratification Shares Voted Against Ratification Shares Abstained From Voting
──────────────────────────────────────────────────────────────────────────────────────────────────────────
30,789,800 1,148,221 52,372