8-KShareholder Matters

STATE STREET CORP 8-K Report, Shareholder Vote Results (May 20, 2014)

Filed May 20, 2014For Securities:STTSTT-PG

Summary

This 8-K filing reports on State Street Corporation's (STT) annual meeting of shareholders held on May 14, 2014. A substantial majority of outstanding shares, approximately 88%, were represented, indicating strong shareholder engagement. The meeting primarily focused on routine corporate governance matters, including the election of directors, an advisory vote on executive compensation, and the ratification of the company's independent auditor.

Key Highlights

  • 1High shareholder turnout at the annual meeting, with approximately 88% of outstanding shares represented.
  • 2All twelve nominated directors were overwhelmingly elected by shareholders.
  • 3Shareholders approved the advisory proposal on executive compensation with a significant majority (94.1% of votes cast).
  • 4Ernst & Young LLP was ratified as State Street's independent registered public accounting firm for the fiscal year ending December 31, 2014, with strong support (98.5% of votes cast).
  • 5The filing details the voting results for each director, the executive compensation proposal, and the auditor ratification, providing transparency on shareholder decisions.
  • 6Broker non-votes were consistently recorded at 26,984,737 shares for all proposals, indicating shares held by brokers that were not voted by the beneficial owner.

Frequently Asked Questions

The main outcomes were the election of all twelve director nominees, the approval of an advisory proposal on executive compensation, and the ratification of Ernst & Young LLP as the company's independent auditor for the upcoming fiscal year.

Shareholders overwhelmingly voted to elect all twelve director nominees. Each nominee received a substantial majority of 'For' votes, with minimal 'Against' or 'Abstain' votes.

Yes, shareholders approved the advisory proposal on executive compensation with a strong majority of 94.1% of the votes cast. This is an advisory vote, meaning the board is not legally bound by the outcome but will consider the shareholders' sentiment.

Ernst & Young LLP was ratified as State Street's independent registered public accounting firm for the year ending December 31, 2014. The ratification received very strong support, with 98.5% of the votes cast in favor.