8-KShareholder Matters

AFFILIATED MANAGERS GROUP, INC. 8-K Report, Shareholder Vote Results (May 30, 2023)

Filed May 30, 2023For Securities:AMGMGRBMGRMGRDMGRE

Summary

Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 30, 2023, detailing the outcomes of its Annual Meeting of Stockholders held on May 25, 2023. The report indicates strong shareholder support for the election of directors, with all nominees receiving at least 96% of the votes cast. This reflects confidence in the current board's leadership and governance. Furthermore, shareholders overwhelmingly approved the company's executive compensation through a non-binding advisory vote, with 98% of votes in favor. In a separate advisory vote on the frequency of executive compensation reviews, shareholders recommended an annual vote, which the company has committed to following. The selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm was also ratified with 91% of shareholder approval, signaling continued trust in the company's auditing process.

Key Highlights

  • 1All director nominees were elected with at least 96% of the votes cast, demonstrating significant shareholder confidence in the board.
  • 2Shareholders overwhelmingly approved executive compensation via a non-binding advisory vote, with 98% of votes in favor.
  • 3A strong majority (95%) of shareholders recommended an annual advisory vote on executive compensation, which the company will implement.
  • 4The selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm was ratified with 91% shareholder approval.
  • 5The Annual Meeting confirmed the company's governance structure and affirmed shareholder alignment on key executive and financial oversight matters.

Frequently Asked Questions

The main outcomes were the election of all director nominees with high approval rates, the overwhelming approval of executive compensation by shareholders, the recommendation for annual advisory votes on executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent auditor.

Shareholders voted to approve the compensation of the company's named executive officers by a non-binding advisory vote, with 98% of the votes cast being in favor.

Following the shareholders' recommendation, the company will hold a non-binding advisory vote on executive compensation annually until the next vote on frequency.

Yes, the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the current fiscal year was ratified by shareholders with 91% of the votes cast in favor.