Summary
This 8-K filing from The Hartford Financial Services Group, Inc. (HIG) primarily reports on the results of its annual shareholder meeting held on May 15, 2013, and an update to its Board of Directors. Key outcomes include the election of directors, ratification of the independent auditor, and shareholder approval of executive compensation on an advisory basis. An important personnel change is the election of Virginia P. Ruesterholz to the Board of Directors, effective immediately. She has been appointed to the Audit Committee and the Finance, Investment and Risk Management Committee. The filing also details her compensation package, which includes meeting fees, an annual retainer, and a restricted stock award, alongside life and accidental death insurance, and reimbursement for travel expenses.
Key Highlights
- 1Virginia P. Ruesterholz was elected to the Board of Directors, effective May 15, 2013.
- 2Ms. Ruesterholz was appointed to the Audit Committee and the Finance, Investment and Risk Management Committee.
- 3Shareholders re-elected all nominated directors to the Board of Directors.
- 4The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2013 was ratified by shareholders.
- 5Shareholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers.
- 6Ms. Ruesterholz's compensation includes a $65,000 annual retainer, a $150,000 restricted stock award, and per-meeting fees.
- 7The company provided details on the voting results for director elections, auditor ratification, and executive compensation advisory vote.