Summary
This Form 8-K filing from The Hartford Financial Services Group, Inc. reports on key corporate actions approved by its stockholders at the Annual Meeting held on May 27, 2009. The most significant development for investors is the approval to amend the company's Certificate of Incorporation to double the authorized shares of common stock from 750,000,000 to 1,500,000,000. This amendment was officially filed with the State of Delaware on June 1, 2009. In addition to the share authorization increase, the filing details the results of other shareholder votes. These include the election of nine directors to the Board of Directors, the ratification of Deloitte & Touche LLP as the company's independent auditors for fiscal year 2009, and an amendment to the Employee Stock Purchase Plan to increase the number of authorized shares under that plan. The overwhelming majority of votes cast on these matters indicate strong shareholder support for the management and the proposed corporate actions.
Key Highlights
- 1The Hartford Financial Services Group, Inc. stockholders approved an amendment to increase authorized common stock from 750 million to 1.5 billion shares.
- 2The amendment to the Certificate of Incorporation was officially filed with the State of Delaware on June 1, 2009.
- 3All nine nominated directors were elected to the Board of Directors.
- 4Shareholders ratified the appointment of Deloitte & Touche LLP as the independent auditor for fiscal year 2009.
- 5An amendment to increase the shares authorized under the Employee Stock Purchase Plan was also approved by stockholders.
- 6The voting results demonstrate substantial shareholder support for the company's leadership and proposals.