8-KShareholder MattersOther EventsExhibits & Filings

JOHNSON & JOHNSON 8-K Report, Shareholder Vote Results (Apr 24, 2015)

Filed April 24, 2015For Securities:JNJ

Summary

This 8-K filing from Johnson & Johnson details the results of their Annual Shareholder Meeting held on April 23, 2015. Key outcomes include the re-election of all 11 director nominees, with strong support across the board. Shareholders also provided an advisory approval of the company's executive compensation practices and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2015. The meeting also saw the declaration of a regular quarterly dividend of $0.75 per share, payable in June 2015.

Key Highlights

  • 1All 11 director nominees were successfully re-elected to the Board of Directors.
  • 2Shareholders provided advisory approval for executive compensation policies and the compensation of named executive officers.
  • 3PricewaterhouseCoopers LLP was ratified as Johnson & Johnson's independent registered public accounting firm for fiscal year 2015.
  • 4The Board of Directors declared a regular quarterly dividend of $0.75 per share.
  • 5Three shareholder proposals regarding director overextension, political contributions alignment, and an independent board chairman were not approved by shareholders.
  • 6The dividend payment date is June 9, 2015, with a record date of May 26, 2015.

Frequently Asked Questions

The main outcomes were the re-election of all director nominees, advisory approval of executive compensation, ratification of the independent auditor, and the declaration of a quarterly dividend. Several shareholder proposals did not receive approval.

Shareholders approved the executive compensation philosophy, policies, and the compensation of named executive officers on an advisory basis with a significant majority ('For' votes significantly outnumbered 'Against' votes).

The Board of Directors declared a regular quarterly dividend of $0.75 per share. It is payable on June 9, 2015, to shareholders of record as of the close of business on May 26, 2015.

Yes, three shareholder proposals did not gain approval: a 'Common Sense Policy regarding Overextended Directors,' a proposal on 'Alignment between Corporate Values and Political Contributions,' and a proposal for an 'Independent Board Chairman.'