The Hartford Amends Bylaws Allowing Shareholders Proxy Access
July 21 2016 - 4:15PM
Business Wire
Quarterly Dividend Of $0.21 Per Share Of Common Stock
Declared
The Hartford’s board of directors today approved an amendment to
the company’s bylaws, enabling eligible shareholders to nominate
their own director candidates in the company’s proxy statement. The
Hartford’s Board has been diligently monitoring the proxy access
debate and proactively took this action to enhance the company’s
governance practices.
“The Hartford is a recognized leader in corporate governance,
and we regularly engage with and value the input of our
shareholders,” said The Hartford’s Presiding Director Thomas Renyi.
“Our board proactively adopted proxy access today, consistent with
our long-standing commitment to strong corporate governance and
responsiveness to shareholders.”
As a result, the amended bylaws include the following:
- A shareholder, or group of up to 20
shareholders, may nominate a director and have the nominee included
in the company’s proxy statement;
- The shareholder, or group collectively,
must have held at least 3 percent of the company’s common stock for
three years in order to make a nomination; and
- The shareholder, or group, may nominate
as many as two directors, or a number of directors equal to 20
percent of the board, whichever is greater.
Proxy access rights will first be available to shareholders in
connection with The Hartford’s 2017 annual shareholders meeting.
The board also declared a quarterly dividend of $0.21 per share of
common stock today. The quarterly dividend is payable on Oct. 3,
2016, to shareholders of record at the close of business on Sept.
1, 2016.
About The Hartford
The Hartford is a leader in property and casualty insurance,
group benefits and mutual funds. With more than 200 years of
expertise, The Hartford is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at https://www.thehartford.com. Follow us on Twitter
at www.twitter.com/TheHartford_PR.
The Hartford Financial Services Group Inc., (NYSE: HIG) operates
through its subsidiaries under the brand name, The Hartford, and is
headquartered in Hartford, Conn. For additional details, please
read The Hartford’s legal notice.
HIG-F
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in our 2015 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission.
We assume no obligation to update this release, which speaks as of
the date issued.
From time to time, The Hartford may use its website to
disseminate material company information. Financial and other
important information regarding The Hartford is routinely
accessible through and posted on our website at
https://ir.thehartford.com. In addition, you may automatically
receive email alerts and other information about The Hartford when
you enroll your email address by visiting the “Email Alerts”
section at https://ir.thehartford.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160721006365/en/
The HartfordMedia Contact:Matthew Sturdevant,
860-547-8664Matthew.sturdevant@thehartford.comorInvestor
Contact:Sabra Purtill,
860-547-8691sabra.purtill@thehartford.com
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