01—Abstract
Summary
Summary of the 8-K filed May 8, 2026. Cited figures are marked; the original filing is the authoritative source.
Brookfield Asset Management Ltd. (NYSE, TSX: BAM) held its 2026 Annual and Special Meeting of Shareholders on May 7, 2026, and all 12 management-nominated directors were elected to serve until the next annual meeting.
Every director received support above 97.9%a of votes cast, with Cyrus Madon (97.92%), Bruce Flatt (98.27%), and Bruce Karsh (98.20%) drawing the most withheld votes. Shareholders also reappointed Deloitte LLP as external auditor with 99.96% support, approved the advisory say-on-pay resolution with 99.36% support among Class A holders, and approved a new Management Share Option Plan and amendments to the Escrowed Stock Plan with roughly 99.5% support each. The filing is a governance and shareholder-process report.
It contains no financial statements, earnings, guidance, or operating metrics. The strong, broadly uniform approval levels suggest limited shareholder opposition to board composition, auditor selection, or equity compensation structures as described in the March 23, 2026 Management Information Circular. The one notable structural detail is that the say-on-pay vote was approved by Class A holders only, consistent with the voting framework described in the filing.
For investors, the main takeaways are that governance continuity is intact, the board's composition is unchanged in the sense that all nominees were re-elected, and the new equity incentive plan was approved with minimal dissent. Investors looking for performance-related information should refer to BAM's quarterly and annual reports rather than this filing.
02—Key points
Key Highlights
- All 12 management-nominated directors were elected at the May 7, 2026 meeting, with individual support ranging from 97.92% (Cyrus Madon) to 99.93% (Angela F. Braly and Keith Johnson).
- Bruce Flatt, BAM's founder and chair, received 98.27% support, with 25.9 million votes withheld, one of the higher withhold counts on the slate.
- Deloitte LLP was reappointed as external auditor with 99.96% of votes cast in favor.
- The advisory say-on-pay resolution on executive compensation passed with 99.36% support from Class A shareholders.
- A new Management Share Option Plan was adopted with 99.52% support, as set out in the March 23, 2026 Management Information Circular.
- Amendments to the Escrowed Stock Plan were approved with 99.56% support.
- The 8-K contains no financial statements or performance data; it reports only governance and shareholder voting outcomes.
03—Questions
Frequently Asked Questions
Were any of BAM's directors not re-elected?
No. All 12 nominees proposed by management were elected to hold office until the next annual meeting. The lowest support level was 97.92% for Cyrus Madon, and the withheld votes for each director represented between 0.07% and 2.08% of votes cast.
Did shareholders approve the new equity incentive arrangements?
Yes. The new Management Share Option Plan received 99.52% support, and amendments to the Escrowed Stock Plan received 99.56% support, both from holders of Class A and Class B Shares. The specific terms are described in the Management Information Circular dated March 23, 2026, which is not included in this filing.
Does the say-on-pay vote carry the same voting base as the other resolutions?
No. The advisory say-on-pay resolution passed with 99.36% of votes cast in favor, but the filing states that approval came from a majority of Class A Shares only. The other resolutions were approved by holders of both share classes.
Does this filing reveal anything about BAM's financial performance?
No. The 8-K reports only the results of the annual meeting, including director elections, auditor reappointment, and compensation-related resolutions. Financial performance, earnings, and guidance are not included and should be sought in BAM's periodic financial reports.
04—Continue