8-KShareholder Matters

AMERIPRISE FINANCIAL INC 8-K Report, Shareholder Vote Results (Apr 28, 2017)

Filed April 28, 2017For Securities:AMP

Summary

This 8-K filing from Ameriprise Financial, Inc. details the outcomes of the company's 2017 Annual Meeting of Stockholders. The primary focus for investors is the shareholder approval of key governance matters, including the election of directors, executive compensation, and the ratification of the independent auditor. All director nominees were elected, and the compensation of named executive officers received advisory approval, with shareholders opting for an annual vote on executive pay. The ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2017 also passed with overwhelming support. These results indicate strong shareholder confidence in the company's current leadership, compensation structure, and financial oversight mechanisms.

Key Highlights

  • 1All nominated directors were successfully elected to the Board for a one-year term expiring at the 2018 annual meeting.
  • 2Shareholders provided advisory approval for the compensation of Ameriprise Financial's named executive officers with approximately 81% of the votes cast in favor.
  • 3A majority of shareholders voted in favor of an annual advisory vote on executive compensation, reinforcing the preference for annual review of pay practices.
  • 4The Board of Directors will continue to seek an annual nonbinding advisory vote on executive compensation until a different preference is expressed by stockholders or required by law.
  • 5PricewaterhouseCoopers LLP was ratified as the company's independent registered public accounting firm for 2017 with approximately 99% of the votes cast in favor.
  • 6The filing indicates a high level of shareholder engagement and support for the company's governance and audit functions.

Frequently Asked Questions

The 2017 Annual Meeting saw the election of all director nominees, advisory approval of executive compensation, a preference for annual advisory votes on executive pay, and the ratification of the company's independent auditor, PricewaterhouseCoopers LLP.

Shareholders approved the compensation of named executive officers on an advisory basis, with approximately 81 percent of the shares voted being in favor. They also voted to hold this advisory vote annually.

While all director nominees were elected, there were votes against some nominees. For instance, James M. Cracchiolo received 1,565,102 votes against, and other nominees also saw votes against them, along with abstentions and broker non-votes.

PricewaterhouseCoopers LLP was selected as the company's independent registered public accounting firm for 2017. This selection was ratified by the stockholders with strong support, receiving approximately 99 percent of the votes cast in favor.