8-KShareholder Matters

ALLSTATE CORP 8-K Report, Shareholder Vote Results (May 20, 2020)

Filed May 20, 2020For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

Allstate Corp (ALL) filed an 8-K on May 20, 2020, reporting the final results of its Annual Stockholders Meeting held on May 19, 2020. The meeting's primary agenda items included the election of directors, an advisory vote on executive compensation, and the ratification of the company's independent registered public accountant. All proposals presented to shareholders passed with a significant majority of votes. Specifically, ten directors were elected to serve one-year terms, with all nominees receiving strong support from shareholders. The "Say-on-Pay" proposal, an advisory vote on executive compensation, also received majority approval, indicating shareholder confidence in the company's compensation practices. Finally, the appointment of Deloitte & Touche LLP as the independent auditor for 2020 was overwhelmingly ratified, reinforcing the integrity of Allstate's financial reporting processes.

Key Highlights

  • 1All ten nominated directors were successfully elected to serve until the 2021 annual meeting, with each nominee receiving a substantial majority of cast votes.
  • 2The advisory resolution on the compensation of named executive officers (Say-on-Pay) received majority approval from shareholders.
  • 3Shareholders overwhelmingly ratified the appointment of Deloitte & Touche LLP as Allstate's independent registered public accountant for the fiscal year 2020.
  • 4The Annual Stockholders Meeting occurred on May 19, 2020.
  • 5A significant number of broker non-votes were present on the director election and say-on-pay proposals, though not on the auditor ratification proposal.

Frequently Asked Questions

The meeting resulted in the election of ten directors, the approval of executive compensation through an advisory vote (Say-on-Pay), and the ratification of Deloitte & Touche LLP as the independent auditor for 2020. All proposals received majority shareholder support.

Yes, all ten nominated directors were elected by a majority of the votes cast and will serve terms expiring at the 2021 annual stockholders meeting.

Shareholders voted in favor of the advisory resolution to approve the compensation of the named executives (Say-on-Pay). The proposal received a majority of the shares present and entitled to vote.

Yes, the appointment of Deloitte & Touche LLP as Allstate's independent registered public accountant for 2020 was ratified by a significant majority of the shares present and entitled to vote.