Prudential Financial Inc 8-K, filed May 9, 2023
Prudential Financial Inc (PRU)
About this 8-K
Prudential Financial Inc filed this 8-K on May 9, 2023.
Items reported
- Item 5.07: Shareholder vote results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 5.07 | Submission of Matters to a Vote of Security Holders |
The Annual Meeting of Shareholders of Prudential Financial, Inc. (the “Company”) was held on May 9, 2023. Shareholders voted as follows on the matters presented for a vote.
1. The nominees for election to the Board of Directors were elected, each for a one-year term, based upon the following votes:
| Nominee |
For | Against | Abstain | Broker Non-Votes |
||||||||||||
| Gilbert F. Casellas |
195,763,773 | 16,091,646 | 1,518,929 | 49,620,087 | ||||||||||||
| Robert M. Falzon |
204,071,828 | 7,906,849 | 1,395,671 | 49,620,087 | ||||||||||||
| Martina Hund-Mejean |
200,864,836 | 10,959,028 | 1,550,484 | 49,620,087 | ||||||||||||
| Wendy E. Jones |
208,273,129 | 3,619,404 | 1,481,815 | 49,620,087 | ||||||||||||
| Charles F. Lowrey |
196,377,755 | 15,314,314 | 1,682,279 | 49,620,087 | ||||||||||||
| Sandra Pianalto |
207,906,215 | 4,036,216 | 1,431,917 | 49,620,087 | ||||||||||||
| Christine A. Poon |
198,957,557 | 12,932,631 | 1,484,160 | 49,620,087 | ||||||||||||
| Douglas A. Scovanner |
209,091,358 | 2,670,137 | 1,612,853 | 49,620,087 | ||||||||||||
| Michael A. Todman |
205,287,320 | 6,545,014 | 1,542,014 | 49,620,087 | ||||||||||||
2. The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm was approved based upon the following votes:
Votes for approval: 250,399,165
Votes against: 11,555,179
Abstentions: 1,040,091
There were no broker non-votes for this item.
3. The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers was approved based upon the following votes:
Votes for approval: 199,576,841
Votes against: 11,563,462
Abstentions: 2,234,045
Broker non-votes: 49,620,087
4. The shareholders voted, on an advisory basis, to hold future advisory votes to approve the compensation of the Company’s named executive officers as follows:
Every year: 204,329,435
Every two years: 1,807,413
Every three years: 5,400,514
Abstentions: 1,836,986
Broker non-votes: 49,620,087
The Board of Directors of the Company has adopted a policy providing for an annual advisory vote to approve the compensation of the Company’s named executive officers. In light of such policy and considering the strong support for an annual vote as reflected in the above voting results, the Company will hold future advisory votes to approve the compensation of the Company’s named executive officers annually.
5. The shareholder proposal regarding an independent board chairman was not approved based on the following votes:
Votes for approval: 73,860,904
Votes against: 137,444,003
Abstentions: 2,069,441
Broker non-votes: 49,620,987
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 9, 2023
| PRUDENTIAL FINANCIAL, INC. | ||
| By: | /s/ Margaret M. Foran | |
| Name: | Margaret M. Foran | |
| Title: | Chief Governance Officer, Senior Vice President and Corporate Secretary | |