Cummins Announces Proposal to Implement Unilateral Shareholder By-law Amendment Power

COLUMBUS, Ind.

Cummins Inc. (NYSE: CMI) today announced that it is planning to submit to a vote of shareholders at its 2018 Annual Meeting of Shareholders amendments to its Restated Articles of Incorporation to provide shareholders with the ability to unilaterally amend Cummins’ By-laws.

If approved by the shareholders, the amendments to the Restated Articles of Incorporation will become effective promptly after the 2018 Annual Meeting of Shareholders, along with a conforming By-law amendment.

The proposed amendments to the Restated Articles of Incorporation would provide Cummins’ shareholders with the power to amend the By-laws upon the affirmative vote of at least a majority of the votes entitled to be cast.

The proposed amendments are consistent with Cummins’ commitment to strong Corporate Governance practices.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

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