BLACKROCK, INC. (NYSE:BLK) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
(d) As previously disclosed, at the Annual Meeting, the Company’s shareholders cast a majority of votes in favor of recommending a frequency of one year for future executive compensation advisory votes, through an advisory, non-binding resolution (the “frequency proposal”).
In consideration of the shareholder vote at the Annual Meeting on the frequency proposal, and consistent with the recommendations of the Company’s board of directors (the “Board”) disclosed in the Company’s definitive proxy statement for the Annual Meeting, the Board determined that the Company will hold the advisory, non-binding vote on the compensation of the Company’s named executed officers on an annual basis until shareholders vote on the next required frequency proposal.
About BLACKROCK, INC. (NYSE:BLK)
BlackRock, Inc. is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to institutional investors. BRS also offers risk reporting capabilities via the Green Package and risk management advisory services; interactive fixed income analytics through its Web-based calculator, AnSer; outsourcing services, and investment accounting.