Summary
This Form 8-K filing from Brown & Brown, Inc. (BRO) reports on the results of its Annual Meeting of Shareholders held on April 27, 2011. The meeting saw a strong turnout, with approximately 92.22% of outstanding shares represented, indicating significant shareholder engagement. Key outcomes include the election of eleven directors to serve until the next annual meeting, with all nominees receiving overwhelming support from shareholders. Additionally, shareholders ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accountants for the fiscal year ending December 31, 2011. The filing also details the results of advisory votes on executive compensation and the frequency of future advisory votes on compensation. Shareholders approved the company's executive compensation on an advisory basis and voted in favor of holding an advisory vote on executive compensation every year. The overall high participation and strong approval margins for director elections, auditor ratification, and compensation matters suggest shareholder confidence in the current leadership and governance of Brown & Brown, Inc. at that time.
Key Highlights
- 1Brown & Brown, Inc. held its Annual Meeting of Shareholders on April 27, 2011.
- 2A quorum was established with 92.22% of outstanding shares represented in person or by proxy.
- 3Eleven directors were elected to serve until the next annual meeting, with all nominees receiving substantial shareholder support.
- 4The appointment of Deloitte & Touche LLP as the independent registered public accountants for fiscal year 2011 was ratified by shareholders.
- 5Shareholders approved, on an advisory basis, the compensation of the Named Executive Officers with a strong majority in favor.
- 6Shareholders also approved, on an advisory basis, holding an annual vote on executive compensation.