01—Abstract
Summary
Summary of the 8-K filed May 14, 2024. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. (PRU) held its Annual Meeting of Shareholders on May 14, 2024, and this Form 8-K reports the voting results under Item 5.07.
Shareholders elected all ten board nominees to one-year terms. Gilbert F. Casellas, Robert M.
Falzon, Martina Hund-Mejean, Wendy E. Jones, Charles F. Lowrey, Kathleen A.
Murphy, Sandra Pianalto, Christine A. Poon, Douglas A. Scovanner, and Michael A.
Todman each received more votes for than against. Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm, with 244,399,665 votes for, 15,098,152 against, and 1,043,288 abstentions. The advisory proposal to approve the compensation of the named executive officers was approved, with 151,842,167 votes for, 56,892,619 against, and 2,099,678 abstentions.
A shareholder proposal calling for an independent board chairman was not approved, receiving 72,901,768 votes for, 135,952,473 against, and 1,980,223 abstentions. Broker non-votes were 49,706,641 on the director elections, the say-on-pay proposal, and the shareholder proposal, and there were no broker non-votes on the auditor ratification.
02—Key points
Key Highlights
- All ten director nominees were elected to one-year terms at the May 14, 2024 Annual Meeting.
- Gilbert F. Casellas received 193,385,773 votes for, 16,191,161 against, and 1,257,530 abstentions, with 49,706,641 broker non-votes.
- Shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm, with 244,399,665 votes for and 15,098,152 against.
- The advisory say-on-pay proposal for named executive officer compensation was approved, with 151,842,167 votes for and 56,892,619 against.
- The shareholder proposal for an independent board chairman was not approved, with 72,901,768 votes for and 135,952,473 against.
- Broker non-votes totaled 49,706,641 on the director elections, say-on-pay, and shareholder proposal, and there were none on the auditor ratification.
03—Questions
Frequently Asked Questions
When and where was the Prudential Financial annual meeting held?
The Annual Meeting of Shareholders was held on May 14, 2024, as reported in this Form 8-K under Item 5.07.
Who was elected to the Board of Directors?
Gilbert F. Casellas, Robert M. Falzon, Martina Hund-Mejean, Wendy E. Jones, Charles F. Lowrey, Kathleen A. Murphy, Sandra Pianalto, Christine A. Poon, Douglas A. Scovanner, and Michael A. Todman were each elected to a one-year term.
Which accounting firm did shareholders approve?
Shareholders approved the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm, with 244,399,665 votes for, 15,098,152 against, and 1,043,288 abstentions.
Was the executive compensation proposal approved?
Yes. The advisory proposal to approve the compensation of the named executive officers was approved, with 151,842,167 votes for, 56,892,619 against, 2,099,678 abstentions, and 49,706,641 broker non-votes.
Did shareholders approve the proposal for an independent board chairman?
No. The shareholder proposal regarding an independent board chairman was not approved, with 72,901,768 votes for, 135,952,473 against, 1,980,223 abstentions, and 49,706,641 broker non-votes.
04—Continue