Aflac Shareholders Have Their 'Say-on-Pay,'
May 06 2008 - 10:36AM
PR Newswire (US)
Overwhelmingly Endorse Performance-Based Compensation COLUMBUS,
Ga., May 6 /PRNewswire/ -- In a historic vote yesterday, the
shareholders of Aflac Incorporated overwhelmingly approved the
company's pay-for-performance compensation policies and procedures.
93% of votes were cast in favor with only 2.5% against Aflac's
compensation practices in a vote commonly referred to as
"Say-on-Pay." In March 2008, Aflac Incorporated's board of
directors released the proxy statement language that formally
invited shareholders to vote on the company's performance-based
compensation policies. This action marked the first time
shareholders were empowered to vote on executive compensation for
an American public company. "At Aflac we have long believed in
performance-based compensation for all of our employees," said
Daniel P. Amos, Aflac Chairman and CEO. "I am proud that Aflac's
long history of transparency and strong shareholder returns are
appreciated by our owners." From August 1990, when Mr. Amos became
CEO of Aflac Incorporated, through the end of 2007, the company's
total return to shareholders, including reinvested cash dividends,
has exceeded 3,867%, compared with 694% for the Dow Jones
Industrial Average and 583% for the S&P 500. During the same
period, the company's market value has grown from $1.2 billion to
more than $30 billion, with total revenues growing from $2.7
billion in 1990 to $15.4 billion in 2007. About Aflac: For more
than 50 years, Aflac products have given policyholders the
opportunity to direct cash where it is needed most when a
life-interrupting medical event causes financial challenges. Aflac
is the number one provider of guaranteed-renewable insurance in the
United States and the number one insurance company in terms of
individual insurance policies in force in Japan. Our insurance
products provide protection to more than 40 million people
worldwide. Aflac has been included in Fortune magazine's listing of
America's Most Admired Companies for seven years and in Fortune
magazine's list of the 100 Best Companies to Work For in America
for ten consecutive years. Aflac has also been recognized three
times by both Fortune magazine's listing of the Top 50 Employers
for Minorities and Working Mother magazine's listing of the 100
Best Companies for Working Mothers. Aflac Incorporated is a Fortune
500 company listed on the New York Stock Exchange under the symbol
AFL. To find out more about Aflac, visit http://www.aflac.com/ .
(Logo: http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO )
Media Contacts: Analyst and Investment Contact: Laura Kane Kenneth
S. Janke Jr. Aflac Incorporated Aflac Incorporated 706.596.3493
1.800.235.2667, Option 3; Fax: 706.324.6330 Jon Sullivan Aflac
Incorporated 706.763.4813
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
http://photoarchive.ap.org/ DATASOURCE: Aflac Incorporated CONTACT:
Media Contacts, Laura Kane, +1-706-596-3493, , Jon Sullivan,
+1-706-763-4813, , Analyst and Investment Contact, Kenneth S. Janke
Jr., +1-800-235-2667, Option 3, +1-706-324-6330 (Fax), , all of
Aflac Incorporated Web site: http://www.aflac.com/
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