ATHENE HOLDING LTD. (NYSE:ATH) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On June 6, 2018, amendments to the bye-laws of Athene Holding Ltd. (the “Company”) became effective after such bye-law amendments were approved at the Company's annual general meeting (the "AGM") of the holders of Class A and Class B common shares (collectively, the "Shareholders"). The bye-law amendments are described in the Company's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 23, 2018 (the "Proxy Statement").
The foregoing description of the bye-law amendments is not complete and is qualified in its entirety by reference to the Eleventh Amended and Restated Bye-Laws of the Company, which are filed as Exhibit 3.1 hereto in redline form showing the amendments referred to above, and as Exhibit 3.2 hereto in unmarked form, and are incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
The AGM of the Shareholders of the Company was held on June 6, 2018. The following proposals were submitted to the Shareholders at the AGM:
|
1. |
The election of directors of the Company for varying terms based upon the class to which the director is a member |
|
2. |
The authorization of the election of directors of Athene Life Re Ltd. ("ALRe") at the 2018 annual general meeting of ALRe |
|
3. |
The authorization of the election of directors of Athene Bermuda Employee Company Ltd. ("ABEC") at the 2018 annual general meeting of ABEC |
|
4. |
The authorization of the election of directors of Athene IP Holding Ltd. ("AIPH") at the 2018 annual general meeting of AIPH |
|
5. |
The authorization of the election of directors of Athene IP Development Ltd. ("AIPD") at the 2018 annual general meeting of AIPD |
|
6. |
The appointment of the Company's independent auditor PricewaterhouseCoopers LLP ("PwC") |
|
7. |
The referral of the remuneration of PwC to the audit committee of the board of directors |
|
8. |
The non-binding advisory vote to approve the compensation paid to the Company’s named executive officers |
|
9. |
The approval of the Eleventh Amended and Restated Bye-laws of the Company |
For more information about the foregoing proposals, see the Proxy Statement.
The Company's Class B common shares currently represent, in aggregate, 45% of the total voting power of the Company's equity securities, subject to certain adjustments that are described in the Company's bye-laws. The Company's Class A common shares currently account for the remaining 55% of the aggregate voting power of the Company's equity securities, subject to certain adjustments that are described in the Company's bye-laws. Holders of Class A common shares and holders of Class B common shares voted together as a single class on all matters (including the election of directors) submitted to a vote of shareholders at the AGM. In addition to voting as a single class with the holders of Class A common shares on all matters, the holders of Class B common shares also voted as a separate class from the holders of Class A common shares with respect to the approval of the Eleventh Amended and Restated Bye-laws of the Company.
Shareholders voted as follows on the matters presented for a vote. As contemplated by the Proxy Statement, votes shown below have been adjusted in accordance with the restrictions and other adjustments to the voting power of the Class A common shares and Class B common shares in the Company's bye-laws, provided that the number of broker non-votes is expressed in unadjusted share amounts, meaning that one broker non-vote represents one share outstanding.
|
1. |
The nominees for election to the board of directors of the Company were elected, for the terms specified, based upon the following votes: |
|
Nominee |
Term |
For |
Against |
Abstain |
Broker Non-Votes |
|
Fehmi Zeko |
2020 AGM |
122,756,124.75 |
478,670.71 |
22,708.43 |
9,879,708.00 |
|
Marc Beilinson |
2021 AGM |
115,668,078.83 |
6,958,282.28 |
631,142.78 |
9,879,708.00 |
|
Robert Borden |
2021 AGM |
122,541,826.15 |
695,670.08 |
20,007.66 |
9,879,708.00 |
|
H. Carl McCall |
2021 AGM |
117,628,793.83 |
5,608,686.77 |
20,023.29 |
9,879,708.00 |
|
Manfred Puffer |
2021 AGM |
121,077,780.89 |
2,159,699.72 |
20,023.29 |
9,879,708.00 |
|
2. |
The nominees for election to the board of directors of ALRe were authorized for election at the 2018 annual general meeting of ALRe, each for a one year term, or such other period of time as permitted by ALRe's constituent documents, based upon the following votes: |
|
Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
|
James Belardi |
122,632,407.88 |
605,045.38 |
20,050.63 |
9,879,708.00 |
|
Robert Borden |
122,631,760.68 |
605,352.70 |
20,390.51 |
9,879,708.00 |
|
Frank Gillis |
123,085,053.46 |
152,075.55 |
20,374,88 |
9,879,708.00 |
|
Gernot Lohr |
122,629,910.26 |
607,218.75 |
20,374.88 |
9,879,708.00 |
|
Hope Taitz |
122,611,538.81 |
626,047.92 |
19,917.16 |
9,879,708.00 |
|
William Wheeler |
123,087,282.83 |
149,846.18 |
20,374.88 |
9,879,708.00 |
|
3. |
The nominees for election to the board of directors of ABEC were authorized for election at the 2018 annual general meeting of ABEC, each for a one year term, or such other period of time as permitted by ABEC's constituent documents, based upon the following votes: |
|
Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
|
Natasha Courcy |
123,086,434.45 |
150,930.91 |
20,138.53 |
9,879,708.00 |
|
Frank Gillis |
123,085,021.56 |
152,091.82 |
20,390.51 |
9,879,708.00 |
|
William Wheeler |
123,087,282.18 |
149,723.77 |
20,497.94 |
9,879,708.00 |
|
4. |
The nominees for election to the board of directors of AIPH were authorized for election at the 2018 annual general meeting of AIPH, each for a one year term, or such other period of time as permitted by AIPH's constituent documents, based upon the following votes: |
|
Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
|
Natasha Courcy |
123,086,466.35 |
150,791.58 |
20,245.96 |
9,879,708.00 |
|
Frank Gillis |
123,085,021.56 |
151,968.76 |
20,513.57 |
9,879,708.00 |
|
William Wheeler |
123,087,341.43 |
149,648.89 |
20,513.57 |
9,879,708.00 |
|
5. |
The nominees for election to the board of directors of AIPD were authorized for election at the 2018 annual general meeting of AIPD, each for a one year term, or such other period of time as permitted by AIPD's constituent documents, based upon the following votes: |
|
Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
|
Natasha Courcy |
123,087,752.27 |
149,684.05 |
20,067.56 |
9,879,708.00 |
|
William Wheeler |
123,087,724.28 |
149,723.77 |
20,055.84 |
9,879,708.00 |
|
6. |
The proposal to ratify the appointment of PwC, an independent registered public accounting firm, as the Company's independent auditor to serve until the close of the Company's next annual general meeting in 2019, was approved based on the following votes: |
Votes for approval: 123,244,160.24
Votes against: 632.22
Abstentions: 12,711.43
Broker non-votes: 9,879,708.00
|
7. |
The proposal to refer the remuneration of PwC to the audit committee of the board of directors of the Company was approved based on the following votes: |
Votes for approval: 123,160,475.62
Votes against: 61,450.20
Abstentions: 35,578.07
Broker non-votes: 9,879,708.00
|
8. |
The proposal requesting a non-binding advisory vote on the compensation of the Company's named executive officers received the following votes: |
Votes for approval: 122,352,698.44
Votes against: 882,270.21
Abstentions: 22,535.23
Broker non-votes: 9,879,708.00
|
9. |
The proposal to approve the Company's Eleventh Amended and Restated Bye-laws was approved based on the following votes: |
Total Votes for approval: 123,142,819.73
Total Votes against: 90,672.23
Total Abstentions: 24,011.93
Total Broker non-votes: 9,879,708.00
Class B Votes for approval: 73,805,668.06
Class B Votes against: –
Class B Abstentions: –
Class B Broker non-votes: –
Item 9.01 Financial Statements and Exhibits
(d)Exhibits
Athene Holding Ltd ExhibitEX-3.1 2 a31redline-eleventhbyexlaws.htm EXHIBIT 3.1 Exhibit Exhibit 3.1TENTHELEVENTH AMENDED AND RESTATEDBYE-LAWS OF ATHENE HOLDING LTD.Adopted on June 8th6,…To view the full exhibit click here
About ATHENE HOLDING LTD. (NYSE:ATH)
Athene Holding Ltd. (Athene Holding) is a Bermuda-based life insurance holding company. The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities. Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd. The products offered by Athene Holding, through its subsidiaries, include retail fixed and equity indexed annuity products; institutional products, such as funding agreements, and co-insurance and reinsurance arrangements with third-party life insurance and annuity providers. Assets of Athene Holding’s subsidiaries are managed by Athene Asset Management LLC.
