8-KShareholder Matters

ALLSTATE CORP 8-K Report, Shareholder Vote Results (May 20, 2010)

Filed May 20, 2010For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

This 8-K filing from The Allstate Corporation reports on the results of its annual stockholder meeting held on May 18, 2010. Key outcomes include the election of eleven director nominees, with all receiving a majority of the votes cast, and the ratification of Deloitte & Touche LLP as the company's independent registered public accountant for 2010. The meeting also addressed several stockholder proposals. Notably, proposals concerning the right for stockholders to call special meetings, the right to act by written consent, and an advisory vote to ratify executive compensation were all approved. However, proposals seeking a review and report on executive compensation, and a report on political contributions and payments to tax-exempt organizations, did not receive majority support from the stockholders.

Key Highlights

  • 1All eleven nominated directors were elected to the board with a majority of the votes cast at the annual stockholder meeting.
  • 2Stockholders ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accountant for the fiscal year 2010.
  • 3A stockholder proposal granting shareholders the right to call special meetings was approved by a majority vote.
  • 4A stockholder proposal allowing shareholders to act by written consent also received majority approval.
  • 5An advisory resolution to ratify the compensation of named executive officers was approved.
  • 6Stockholder proposals requesting a review and report on executive compensation and a report on political contributions did not receive majority approval.

Frequently Asked Questions

The meeting resulted in the election of all director nominees, the ratification of Deloitte & Touche LLP as the independent auditor, and the approval of several key stockholder proposals, including those related to calling special meetings, acting by written consent, and executive compensation ratification.

Yes, two proposals did not receive majority support: one seeking a review and report on executive compensation, and another requesting a report on political contributions and payments to tax-exempt organizations.

Deloitte & Touche LLP was ratified by the stockholders as Allstate's independent registered public accountant for 2010.

The approval means that Allstate's shareholders have gained the ability to collectively call a special meeting of shareholders, which can provide a mechanism for shareholders to raise and vote on important matters outside of the regular annual meeting schedule.