The proxy war is over and the DuPont Board of Directors is still intact.
The Nelson Peltz's Trian Fund conceded defeat even before the results were announced at the annual stock holders meeting.
In addressing the meeting CEO Ellen Kullman said that she was encouraged by the feedback that she had received from shareholders during the proxy battle.
But, she added, there was more work to be done to realize the company’s potential.
Peltz had initially called for splitting DuPont into two companies but then backed away.
His four nominees to the board of directors were defeated.
