Summary
Mastercard Incorporated filed an 8-K on June 18, 2013, detailing the outcomes of its 2013 Annual Stockholders' Meeting held on the same date. The meeting primarily focused on routine corporate governance matters, including the election of directors, advisory approval of executive compensation, and ratification of the independent auditor. A significant majority of Class A common stock shareholders voted in favor of all proposed items, indicating strong shareholder confidence in the company's current leadership and direction. Key outcomes include the re-election of all 12 director nominees for a one-year term. Additionally, shareholders provided advisory approval for the company's executive compensation plan. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2013 was also overwhelmingly ratified. The filing shows a substantial quorum was met, with over 101 million shares of Class A common stock represented, underscoring active shareholder participation.
Key Highlights
- 1Re-election of all 12 director nominees to the Board of Directors for a one-year term.
- 2Shareholder approval, on an advisory basis, of MasterCard's executive compensation.
- 3Ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2013.
- 4Over 101 million shares of Class A common stock were represented at the Annual Meeting, exceeding the quorum requirement.
- 5All director nominees received a significant majority of 'FOR' votes, with at least 89 million shares voting in favor for any nominee.
- 6Executive compensation received strong advisory support, with approximately 93.4 million 'FOR' votes.