8-KShareholder Matters

BROWN & BROWN, INC. 8-K Report, Shareholder Vote Results (May 4, 2022)

Filed May 4, 2022For Securities:BRO

Summary

This 8-K filing by BROWN & BROWN, INC. (BRO) reports the results of its Annual Meeting of Shareholders held on May 4, 2022. The meeting saw a very high turnout, with approximately 92% of outstanding shares represented, indicating strong shareholder engagement. The primary outcomes include the election of the company's slate of directors, the ratification of the independent auditor, and the approval, on an advisory basis, of executive compensation. Investors should note the overwhelming support for the re-election of all nominated directors, with "Votes For" significantly outnumbering "Votes Withheld" and "Broker Non-Votes" for each candidate. The ratification of Deloitte & Touche LLP as the independent registered public accountants also received strong approval. Furthermore, the advisory vote on the compensation of Named Executive Officers was also approved by a substantial majority, suggesting shareholder confidence in the company's remuneration practices.

Key Highlights

  • 1High shareholder participation with approximately 92% of outstanding shares represented at the Annual Meeting.
  • 2All nominated directors were re-elected with substantial "Votes For" compared to "Votes Withheld" and "Broker Non-Votes".
  • 3Deloitte & Touche LLP was ratified as the independent registered public accountants for the fiscal year ending December 31, 2022.
  • 4The appointment of Deloitte & Touche LLP was approved by a significant majority of shares voted.
  • 5Shareholders approved, on an advisory basis, the compensation of the Company's Named Executive Officers.
  • 6The advisory vote on executive compensation received strong backing from shareholders.

Frequently Asked Questions

This 8-K filing reports the results of BROWN & BROWN, INC.'s Annual Meeting of Shareholders held on May 4, 2022, detailing the outcomes of director elections, auditor ratification, and advisory votes on executive compensation.

Yes, all nominated directors were re-elected. The voting results show a significant majority of "Votes For" each director, indicating strong shareholder support for the company's board.

Yes, Deloitte & Touche LLP was ratified as the Company's independent registered public accountants for the fiscal year ending December 31, 2022, with a substantial majority of shareholder votes in favor.

Shareholders approved, on an advisory basis, the compensation of the Named Executive Officers. The "Votes For" significantly outnumbered the "Votes Against" and abstentions.