01—Abstract
Summary
Summary of the 8-K filed May 26, 2026. Cited figures are marked; the original filing is the authoritative source.
State Street Corporation (STT) held its Annual Meeting of Shareholders on May 20, 2026.
The meeting saw strong participation, with approximately 86.98%a of outstanding shares represented. Key outcomes include the overwhelming re-election of all thirteen director nominees and the approval of the advisory proposal on executive compensation, with over 93% of votes cast in favor. Additionally, shareholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year 2026.
02—Key points
Key Highlights
- All thirteen director nominees were overwhelmingly elected by shareholders.
- Shareholders approved the advisory proposal on executive compensation with approximately 93.2% of votes in favor.
- The selection of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026 was ratified with approximately 91.9% of votes in favor.
- A shareholder proposal requesting an independent Chair of the Board was voted against by a significant majority of shareholders (approximately 76.9% against).
- A substantial majority of State Street's outstanding shares (approximately 86.98%) were represented at the Annual Meeting, indicating strong shareholder engagement.
- Broker non-votes represented a notable portion for each proposal, particularly for the director elections, highlighting shares held by brokers without voting instructions.
03—Questions
Frequently Asked Questions
What were the main outcomes of the State Street Annual Meeting on May 20, 2026?
The main outcomes were the re-election of all thirteen director nominees, the approval of the advisory proposal on executive compensation, and the ratification of Ernst & Young LLP as the independent auditor for 2026. Shareholders also voted against a proposal for an independent Board Chair.
How did shareholders vote on executive compensation?
Shareholders approved the advisory proposal on executive compensation with a strong majority, receiving approximately 93.2% of the votes cast in favor.
Was the company's choice of auditor ratified?
Yes, the selection of Ernst & Young LLP as State Street's independent registered public accounting firm for the year ending December 31, 2026, was ratified by shareholders with approximately 91.9% of the votes cast in favor.
What was the result of the shareholder proposal regarding the Board Chair?
The shareholder proposal requesting that the Chair of the Board be an independent member in the next CEO transition was not approved. Approximately 76.9% of the votes cast were against this proposal.
04—Continue