LOEWS CORPORATION (NYSE:L) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
-
0

LOEWS CORPORATION (NYSE:L) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07

Submission of Matters to a Vote of Security Holders.

Set forth below is information relating to
the 2017 annual meeting of shareholders of the Registrant (the
Annual Meeting).
The Annual Meeting was called to order at 11:00 A.M. on May 9,
2017. Represented at the meeting, in person or by proxy, were
shares of common stock, par value $0.01 per share, of the
Registrant (common stock) representing 304,559,580 votes,
approximately 90.5% of the votes represented by the issued and
outstanding shares of common stock entitled to vote.
The following business was transacted:
Election of Directors
Shares representing over 80.5% of the votes cast for directors
were voted for the election of each of the following directors,
each of whom was elected. The number of votes for, against and
abstained and all shares as to which brokers indicated that they
did not have the authority to vote (Broker Non-Votes) with
respect to each director were as follows:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
Lawrence S. Bacow
289,786,665
1,107,214
113,635
13,552,066
Ann E. Berman
289,133,195
1,763,643
110,676
13,552,066
Joseph L. Bower
281,717,622
9,174,651
115,241
13,552,066
Charles D. Davidson
289,912,861
981,807
112,846
13,552,066
Charles M. Diker
287,356,369
3,536,730
114,415
13,552,066
Jacob A. Frenkel
234,103,656
56,792,253
111,605
13,552,066
Paul J. Fribourg
256,118,596
34,782,388
106,530
13,552,066
Walter L. Harris
234,049,882
56,847,502
110,130
13,552,066
Philip A. Laskawy
287,932,188
2,958,754
116,572
13,552,066
Ken Miller
288,820,844
2,065,021
121,649
13,552,066
Andrew H. Tisch
254,369,733
36,351,946
285,835
13,552,066
James S. Tisch
282,356,367
8,574,689
76,458
13,552,066
Jonathan M. Tisch
279,280,647
11,443,120
283,747
13,552,066
Anthony Welters
289,881,749
1,008,359
117,406
13,552,066
Advisory Vote on Executive Compensation
Approved Shares representing 262,717,718 votes, approximately
90.4% of the votes cast, voted, in an advisory vote, to approve
the compensation of the executive officers of the Registrant
named in its proxy statement dated March 29, 2017 (a Say-on-Pay
Proposal). Shares representing 27,832,555 votes, approximately
9.6% of the votes cast, voted against, and shares representing
457,241 votes abstained. In addition, there were 13,552,066
Broker Non-Votes.
Advisory Vote on Frequency of Future Advisory Votes on Executive
Compensation
Annual Shares representing 268,053,682 votes, approximately 92.3%
of the votes cast, voted, in an advisory vote, to submit a
Say-on-Pay Proposal to the Registrants shareholders every year.
Shares representing 154,347 votes, approximately 0.1% of the
votes cast, voted to submit a Say-on-Pay Proposal to the
Registrants shareholders every two years. Shares representing
22,160,958 votes, approximately 7.6% of the votes cast, voted to
submit a Say-on-Pay Proposal to the Registrants shareholders
every three years. Shares representing 638,527 votes abstained.
In addition, there were 13,552,066 Broker Non-Votes.
In light of the vote of the shareholders on this item, the
Registrants Board of Directors has determined that an advisory
vote to approve the compensation of the named executive officers
of the Registrant will be conducted every year, until the next
shareholder advisory vote on the frequency of the advisory vote
to approve the compensation of the named executive officers of
the Registrant.
Ratification of the Appointment of Independent Auditors
Approved Shares representing 302,673,268 votes, approximately
99.4% of the votes cast, voted to ratify the appointment of
Deloitte Touche, LLP as independent auditors for the Registrant.
Shares representing 1,799,855 votes, approximately 0.6% of the
votes cast, voted against, and shares representing 86,457 votes
abstained.


About LOEWS CORPORATION (NYSE:L)

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNA’s insurance products include commercial property and casualty coverages, including surety. CNA’s services include risk management, information services, warranty and claims administration. Diamond Offshore is engaged, through its subsidiaries, in the business of operating drilling rigs that are chartered on a contract basis for fixed terms by companies engaged in the exploration and production of hydrocarbons.

LOEWS CORPORATION (NYSE:L) Recent Trading Information

LOEWS CORPORATION (NYSE:L) closed its last trading session down -0.54 at 45.91 with 684,523 shares trading hands.