W W Grainger Inc Annual Shareholders Meeting Transcript

Apr 28, 2021 / 03:00PM GMT
Operator

Good morning, and welcome to the W.W. Grainger, Inc. 2021 Virtual Annual Meeting of Shareholders. I would now like to introduce the first presenter, Mr. D.G. Macpherson.

Donald G. Macpherson - W.W. Grainger, Inc. - Chairman & CEO

Good morning. I'm D.G. Macpherson, Grainger's Chairman and CEO. Welcome to our Annual Shareholders Meeting, which due to the continuing public health impacts of the COVID-19 pandemic, we are again hosting solely in a virtual format this year. Thank you for joining us today.

Before I provide a company update, I'd like to go over today's agenda: first, the nomination of directors; next, the ratification of auditors; third, the Say on Pay advisory vote on the company's named executive officers' compensation; and finally, the voting on these matters.

While our inspector of election tallies the votes, I will provide some commentary on our recent resegmentations to align our financial reporting to the company's 2 business models. I'll discuss how The Grainger Edge, the company's strategic cultural framework, underlies

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