Summary
Aon plc (AON) filed an amendment to its June 27, 2017 8-K filing on September 20, 2017. The primary purpose of this amended filing is to formally disclose the company's decision regarding the frequency of future advisory shareholder votes on executive compensation. This decision follows a shareholder vote at the 2017 Annual General Meeting held on June 23, 2017. Investors should note that Aon plc has decided to hold advisory votes on named executive officer compensation on an annual basis. This decision aligns with the majority vote cast by shareholders at the meeting, indicating a preference for yearly "say-on-pay" votes. The company intends to maintain this annual frequency until the next mandated review of such voting frequency.
Key Highlights
- 1Filing is an amendment (8-K/A) to a previous 8-K report dated June 27, 2017.
- 2The amendment clarifies the outcome of a shareholder vote on the frequency of executive compensation advisory proposals.
- 3Shareholders voted in favor of holding advisory votes on executive compensation annually.
- 4Aon plc will hold 'say-on-pay' advisory votes every year.
- 5This annual frequency will be maintained until the next required shareholder vote on the matter.
- 6No other modifications were made to the original 8-K filing.
- 7The event date related to the shareholder meeting was June 22, 2017.
Frequently Asked Questions
The main purpose of this filing is to officially report Aon plc's decision on how often it will hold advisory votes for shareholders on executive compensation, following the results of a shareholder vote at their 2017 Annual General Meeting.
Shareholders voted in favor of holding advisory votes on named executive officer compensation once every year. This means Aon will conduct annual 'say-on-pay' votes.
Aon plc intends to hold these advisory votes on an annual basis until the next time the company is required by regulations to hold a vote on the frequency of such advisory votes.
No, the filing explicitly states that the sole purpose is to disclose the frequency decision for executive compensation votes, and no other modifications have been made to the original 8-K report filed on June 27, 2017.