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RTX Corp Proxy Solicitation & Information Statement 2013

Apr 9, 2013

29781_rns_2013-04-09_1b58b144-046e-46de-84a2-3df103caa74d.zip

Proxy Solicitation & Information Statement

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DEFA14A 1 d506434ddefa14a.htm DEFINITIVE ADDITIONAL MATERIALS Definitive Additional Materials

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No. )

Filed by the Registrant x

Filed by a Party other than the Registrant ¨

Check the appropriate box:

¨ Preliminary Proxy Statement

¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

¨ Definitive Proxy Statement

x Definitive Additional Materials

¨ Soliciting Material under §240.14a-12

United Technologies Corporation

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

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United Technologies Corporation One Financial Plaza Hartford, CT 06101

April 9, 2013

Dear Shareowner,

The 2013 Annual Meeting of Shareowners of United Technologies Corporation will take place on April 29. By now, you should have received UTC’s 2013 Proxy Statement, which contains information about the three proposals that shareowners are being asked to vote on at this year’s meeting. If you have already cast your vote, thank you very much for your participation. If you have not yet had the opportunity to vote, we encourage you to review the Proxy Statement and to vote your UTC shares as soon as possible.*

You can vote by completing and mailing back the enclosed voting card, or you can vote by telephone or online by following the instructions on the enclosed voting card.

UTC’s Board of Directors is recommending that you vote FOR all three proposals on this year’s agenda.

Proposal 1 asks for your support in electing the twelve director nominees named in the Proxy Statement. Please see pages 1 through 8 in the Proxy Statement for information on the experience and qualifications of each nominee.

As you consider these director nominees, please take into account UTC’s recent and longer-term performance. Under the oversight of the Board of Directors, UTC has achieved solid earnings and shareowner value while also executing strategic initiatives intended to build long-term sustainable growth. For 2012, UTC reported diluted earnings per share from continuing operations of $5.35 on net sales of $57.7 billion combined with strong cash flow performance (please see pages 21-24 of the Proxy Statement for a discussion of UTC’s financial performance) . UTC increased the Common Stock dividend 11.5%. 2012 marks the 76th consecutive year that UTC shareowners have received dividends on their shares. We achieved this financial performance in the same year that UTC completed the $18.3 billion acquisition of Goodrich Corporation, the largest aerospace acquisition ever. The Company believes this acquisition significantly enhances UTC’s reach in the aerospace market and increases the opportunity for growth.

As a shareowner, you may be particularly pleased to know that UTC’s total shareowner return (TSR) for 2012 was 15%, substantially exceeding the TSR for the Dow Jones Industrials (10%) and slightly below the TSR for the S&P 500 (16%). For the ten-year period ending on December 31, 2012, UTC’s cumulative TSR was 225%, more than double either the Dow Jones Industrials or the S&P 500.

By voting to elect the current nominees, you will help ensure that UTC’s Board continues to have the right mix of experience and qualifications to meet the challenges of tomorrow.

  • UTC’s 2013 Proxy Statement and Annual Report for 2012 are both available online at www.proxyvote.com.

2012

Earnings per

share from

continuing

operations:

$ 5.35

2012 Increase to quarterly dividend to shareowners: 11.5 %

2012

Total

shareowner

return:

15 %

Proposal 2 asks you to support the appointment of PricewaterhouseCoopers LLP as independent auditor for 2013. The Audit Committee of the Board believes that PricewaterhouseCoopers has experience and insight into the Company’s operations and systems that enhance their ability to discharge the important function of independent audit review. Please see page 65 of the Proxy Statement for details on this proposal .

Proposal 3 asks you to approve, on an advisory basis, the compensation of UTC’s named executive officers. We believe UTC’s strong financial and TSR performance, discussed above, reflect the steady focus of the Board’s Committee on Compensation on the goal of aligning UTC’s compensation strategies with shareowner interests. UTC’s compensation program has also enabled the Company to attract and retain highly talented executives. Shareowners should know that the Compensation Committee keeps abreast of important trends and benchmarks relating to executive compensation and updates UTC’s compensation program when appropriate. In fact, during 2012 the Committee modified UTC’s compensation strategies in a number of significant ways to ensure that the Company is following best practices and to further enhance the alignment of UTC’s compensation program with the interests of UTC shareowners. Please see pages 21-51 of the Proxy Statement to learn more about these changes .

Based on the important compensation changes that UTC implemented in 2012, and its proven track record of adopting effective executive compensation strategies and creating long-term value for shareowners, the Board recommends that you vote FOR Proposal 3.

YOUR VOTE IS VERY IMPORTANT. PLEASE SUBMIT YOUR PROXY OR VOTING INSTRUCTIONS AS SOON AS POSSIBLE, WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING.

Sincerely yours,

Louis R. Chênevert

Chairman & Chief Executive Officer

2012

Sales from

continuing

operations:

$ 57.7

billion

Acquired

Goodrich

Corporation:

$ 18.3

billion