Summary
This 8-K filing from Mastercard Inc. (MA) reports on the outcomes of its 2014 Annual Meeting of Stockholders held on June 3, 2014. The primary focus of the filing is the voting results on key corporate governance matters. A substantial majority of represented shares voted in favor of electing all 13 director nominees, approving executive compensation on an advisory basis, and ratifying the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2014. Notably, two new directors, Julius Genachowski and Merit E. Janow, were elected to the Board, with specific committee assignments made shortly after their election.
Key Highlights
- 1All 13 director nominees were overwhelmingly elected to serve on the Board of Directors for a one-year term.
- 2Mastercard's executive compensation plan was approved on an advisory basis by a significant majority of stockholders.
- 3PricewaterhouseCoopers LLP was ratified as the Company's independent registered public accounting firm for 2014.
- 4A total of 986,696,249 shares of Class A common stock, constituting a quorum, were represented at the meeting.
- 5Julius Genachowski and Merit E. Janow were elected as new directors to the Board.
- 6Julius Genachowski was appointed to the Human Resources and Compensation Committee.
- 7Merit E. Janow was appointed to the Nominating and Corporate Governance Committee.