Lincoln National Corporation (NYSE:LNC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders
The 2018 Annual Meeting of Shareholders (the "2018 Annual Meeting") of Lincoln National Corporation (the "Company") was held on May 25, 2018. At the 2018 Annual Meeting, shareholders:
elected eleven directors, each for a term expiring at the Company's 2019 annual meeting of shareholders; |
ratified the appointment of Ernst & Young LLP as the Company's independent auditor for 2018; |
approved an advisory resolution regarding the compensation paid to the Company's named executive officers, as disclosed in the Company's 2018 Proxy Statement; and |
approved a non-binding shareholder proposal requesting that the Board of Directors amend the Amended and Restated Bylaws of the Company to reduce the threshold for calling special shareholder meetings from 25% to 10%. |
Item 1. Election of Directors
For each nominee, the votes cast for, against, abstentions, and broker non-votes were as follows:
Aggregate Votes |
||||
Director Nominee |
For |
Against |
Abstentions |
Broker Non-Votes |
Deirdre P. Connelly |
170,767,382 |
622,155 |
403,400 |
21,369,635 |
William H. Cunningham |
166,933,265 |
4,406,822 |
452,849 |
21,369,635 |
Dennis R. Glass |
168,680,401 |
2,741,355 |
371,181 |
21,369,635 |
George W. Henderson, III |
167,262,790 |
4,124,714 |
405,433 |
21,369,635 |
Eric G. Johnson |
167,144,395 |
4,263,084 |
385,458 |
21,369,635 |
Gary C. Kelly |
169,738,180 |
1,668,519 |
386,237 |
21,369,635 |
M. Leanne Lachman |
164,026,984 |
7,385,268 |
380,684 |
21,369,635 |
Michael F. Mee |
166,137,354 |
5,261,341 |
394,242 |
21,369,635 |
Patrick S. Pittard |
165,788,563 |
5,578,851 |
425,522 |
21,369,635 |
Isaiah Tidwell |
167,225,500 |
4,182,530 |
384,907 |
21,369,635 |
Lynn M. Utter |
170,828,820 |
594,827 |
369,289 |
21,369,635 |
Item 2. Ratification of Auditors
The votes cast for and against this proposal, as well as the abstentions were as follows:
Aggregate Votes |
||
For |
Against |
Abstentions |
187,249,046 |
5,518,062 |
395,464 |
There were no broker non-votes for this item.
Item 3. Advisory Resolution on Executive Compensation
The votes cast for, against, abstentions, and broker non-votes for this proposal were as follows:
Aggregate Votes |
|||
For |
Against |
Abstentions |
Broker Non-Votes |
158,677,879 |
12,250,081 |
864,732 |
21,369,880 |
Item 4. Non-Binding Shareholder Proposal Regarding Special Shareholder Meetings
The votes cast for, against, abstentions, and broker non-votes for this non-binding proposal were as follows:
Aggregate Votes |
|||
For |
Against |
Abstentions |
Broker Non-Votes |
87,877,717 |
82,878,008 |
1,037,211 |
21,369,635 |
About Lincoln National Corporation (NYSE:LNC)
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.