01—Abstract
Summary
Summary of the 8-K/A filed June 25, 2024. Cited figures are marked; the original filing is the authoritative source.
Apollo Global Management filed this Form 8-K/A on June 25, 2024 to correct a typographical error in the voting results from its June 24, 2024 Original 8-K.
The inspector of elections identified the error after that filing. The filing states that the corrected figures do not change any voting outcome, so all 16 director nominees were elected and Deloitte & Touche LLP was ratified as auditor for fiscal 2024. The filing does not specify which figures were corrected, so investors who relied on the original numbers should use the corrected tables in this amendment.
All 16 directors were elected to one-year terms expiring at the 2025 Annual Meeting. Support was strong for most nominees, with roughly 85%a to 98% of votes cast for them. Marc Beilinson received about 85% support, and David Simon received about 90%.
Mitra Hormozi and Lynn Swann each received about 88%b support, with roughly 56 million votes against each. Broker non-votes were about 45.5 million for every director, consistent across the slate. The auditor ratification was the stronger result: about 504.7 million votes for, 4.0 million against, and 0.1 million abstentions, or roughly 99% of votes cast.
For investors, the main takeaway is governance and shareholder sentiment rather than financial performance. The filing contains no financial results, guidance, or operational disclosures.
The dissent on certain nominees, particularly the higher opposition to Hormozi, Swann, and Simon, is a signal worth monitoring for future proxy and governance discussions. The auditor ratification indicates broad shareholder acceptance of Deloitte's appointment.
02—Key points
Key Highlights
- All 16 director nominees were elected to one-year terms expiring at the 2025 Annual Meeting, and none of the voting outcomes changed after the correction.
- The amendment corrects a typographical error in the inspector's report from the Original 8-K filed June 24, 2024; the filing does not specify the corrected figures.
- Mitra Hormozi and Lynn Swann each drew about 56.1 million and 56.4 million votes against, roughly 12% of votes cast, the highest opposition among nominees.
- David Simon drew about 44.7 million votes against (roughly 10%), while A.B. Krongard had about 17.7 million against (roughly 4%).
- Marc Beilinson had the lowest support among nominees at roughly 85% of votes cast, with about 69.7 million votes against.
- Shareholders ratified Deloitte & Touche LLP as independent auditor for fiscal year 2024, with about 504.7 million votes for (roughly 99% of votes cast).
- Broker non-votes were about 45.5 million for each director, consistent across all nominees.
03—Questions
Frequently Asked Questions
Why was this 8-K/A filed?
The inspector of elections informed Apollo after the Original 8-K was filed on June 24, 2024 that its report contained a typographical error. The amendment corrects the voting results. The company states that the correction does not change any voting outcome.
Were any director nominees not elected?
No. All 16 nominees were elected to one-year terms expiring at the 2025 Annual Meeting. Each nominee received substantially more votes for than against.
Which directors received the most opposition?
Lynn Swann and Mitra Hormozi each had about 56 million votes against, roughly 12% of votes cast. David Simon had about 44.7 million against, roughly 10%. Their support levels were still well above 50%, so their elections were not in doubt.
Did shareholders approve the auditor?
Yes. Shareholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2024, with about 504.7 million votes for and 4.0 million against. The ratification is advisory in nature for the company's audit committee's appointment decision.
Does this filing contain any financial information?
No. The filing covers only the results of shareholder votes at the 2024 Annual Meeting. It contains no financial results, guidance, or operational updates, so investors should consult Apollo's periodic reports for financial performance.
04—Continue