WELLS FARGO& COMPANY (NYSE:WFC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
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Submission of Matters to a Vote of Security Holders |
Wells Fargo Company (the Company) held its annual meeting of
stockholders on April25, 2017. At the meeting, stockholders
elected all 15 of the directors nominated by the Board of
Directors as each director received a greater number of votes
cast for his or her election than votes cast against his or her
election as reflected below. In addition, stockholders approved,
on an advisory basis, the compensation of the Companys named
executives as disclosed in the Companys 2017 proxy statement;
voted, on an advisory basis, to have future votes on named
executives compensation every year; and ratified the appointment
of KPMG LLP as the Companys independent registered public
accounting firm for 2017. The stockholders did not approve the
six stockholder proposals presented at the meeting. The final
voting results for each item presented at the meeting are set
forth below.
Election of Director Nominees
| DIRECTOR |
FOR |
% |
AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
|||||||||||||||
|
John D. Baker II |
2,729,763,267 | 69.77 | % | 1,182,903,234 | 124,298,432 | 483,111,471 | ||||||||||||||
|
John S. Chen |
2,745,927,486 | 70.18 | % | 1,166,755,750 | 124,282,395 | 483,110,773 | ||||||||||||||
|
Lloyd H. Dean |
2,411,263,933 | 61.64 | % | 1,500,662,316 | 125,039,382 | 483,110,773 | ||||||||||||||
|
Elizabeth A. Duke |
3,030,684,932 | 75.42 | % | 987,687,991 | 18,592,010 | 483,111,471 | ||||||||||||||
|
EnriqueHernandez,Jr. |
2,109,344,577 | 52.53 | % | 1,905,974,532 | 21,645,824 | 483,111,471 | ||||||||||||||
|
Donald M. James |
3,028,059,585 | 77.44 | % | 882,312,048 | 126,593,998 | 483,110,773 | ||||||||||||||
|
Cynthia H. Milligan |
2,291,687,597 | 57.07 | % | 1,724,207,858 | 21,069,478 | 483,111,471 | ||||||||||||||
|
Karen B. Peetz |
3,970,463,707 | 98.67 | % | 53,389,755 | 13,117,325 | 483,105,617 | ||||||||||||||
|
Federico F. Pea |
2,160,445,629 | 53.77 | % | 1,857,518,897 | 19,000,407 | 483,111,471 | ||||||||||||||
|
James H. Quigley |
2,625,203,822 | 65.35 | % | 1,392,143,104 | 19,618,008 | 483,111,471 |
|
Votes cast for the director nominee as a percentage of total votes cast for and against. |
2
|
Stephen W. Sanger |
2,231,533,953 | 55.54 | % | 1,786,327,462 | 19,104,216 | 483,110,773 | ||||||||||||||
|
Ronald L. Sargent |
3,966,653,965 | 98.59 | % | 56,692,796 | 13,624,026 | 483,105,617 | ||||||||||||||
|
Timothy J. Sloan |
3,968,976,784 | 98.60 | % | 56,221,016 | 11,773,685 | 483,104,919 | ||||||||||||||
|
Susan G. Swenson |
2,636,143,234 | 67.37 | % | 1,276,842,225 | 123,979,474 | 483,111,471 | ||||||||||||||
|
SuzanneM.Vautrinot |
3,190,853,962 | 79.48 | % | 823,597,219 | 22,513,752 | 483,111,471 |
Advisory Resolution to Approve Executive
Compensation
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 3,875,615,146 | 96.00% | 126,489,976 | 34,859,409 | 483,111,872 |
Advisory Proposal on the Frequency (Every 1, 2, or 3
Years) of Future Advisory Votes to Approve Executive
Compensation
| EVERY YEAR | % | 2 YEARS | 3 YEARS | ABSTENTIONS |
BROKER NON-VOTES |
|||||
|
3,706,594,433 |
91.82% | 15,624,670 | 301,117,420 | 13,412,056 | 483,327,825 |
In accordance with the Board of Directors recommendation and the
voting results on this advisory proposal, the Company will hold
an annual advisory vote to approve the compensation of its named
executives.
Ratify the Appointment of KPMG LLP as Independent
Registered Public Accounting Firm for 2017
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
|
4,363,263,834 |
96.53% | 141,085,305 | 15,726,843 | 422 |
|
Votes cast for the proposal as a percentage of total votes cast for and against and abstentions. |
3
Stockholder Proposal Retail Banking Sales Practices
Report
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 878,470,495 | 21.76% | 3,132,915,951 | 25,585,461 | 483,104,497 |
Stockholder Proposal Cumulative Voting
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 334,453,464 | 8.28% | 3,671,465,851 | 31,045,236 | 483,111,854 |
Stockholder Proposal Divesting Non-Core Business
Report
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 119,381,285 | 2.96% | 3,859,845,235 | 57,742,831 | 483,107,054 |
Stockholder Proposal Gender Pay Equity
Report
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 606,997,671 | 15.04% | 3,191,747,546 | 238,223,435 | 483,107,752 |
Stockholder Proposal Lobbying Report
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 331,678,458 | 8.22% | 3,622,957,802 | 82,332,090 | 483,108,054 |
Stockholder Proposal Indigenous Peoples Rights
Policy
| FOR | % | AGAINST | ABSTENTIONS |
BROKER NON-VOTES |
||||
| 681,193,234 | 16.87% | 3,102,417,791 | 253,358,325 | 483,107,054 |
4
About WELLS FARGO & COMPANY (NYSE:WFC)
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment. WELLS FARGO & COMPANY (NYSE:WFC) Recent Trading Information
WELLS FARGO & COMPANY (NYSE:WFC) closed its last trading session down -0.16 at 54.28 with 13,978,030 shares trading hands.