AIG Announces Results of its 2020 Annual Meeting of Shareholders
May 14 2020 - 5:55PM
Business Wire
Shareholders of American International Group, Inc. (NYSE:AIG)
yesterday elected twelve directors at the company's Annual Meeting
of Shareholders. Shareholders also voted to support each of the
four other proposals recommended by the AIG Board of Directors (the
“Board”) and, as the Board recommended, shareholders withheld
support for the shareholder proposal included in the 2020 Proxy
Statement.
The results were as follows:
(1) Elected twelve directors as follows:
Nominee
Votes For
Votes Against
W. Don Cornwell
684,630,444
18,066,250
Brian Duperreault
699,031,408
3,687,657
John H. Fitzpatrick
699,326,821
3,371,392
William G. Jurgensen
698,801,607
3,897,360
Christopher S. Lynch
686,088,522
16,590,735
Henry S. Miller
687,881,457
14,816,709
Linda A. Mills
688,956,192
13,755,967
Thomas F. Motamed
691,162,105
11,515,284
Peter R. Porrino
699,859,890
2,835,487
Amy L. Schioldager
700,060,736
2,624,187
Douglas M. Steenland
690,382,799
12,318,777
Therese M. Vaughan
696,709,163
5,975,658
(2) Approved a non-binding advisory resolution to approve
executive compensation by a vote of 659,862,264 shares for and
42,638,072 shares against.
(3) Approved the amendment and restatement of AIG’s Amended and
Restated Certificate of Incorporation to restrict certain transfers
of AIG common stock in order to protect AIG’s tax attributes by a
vote of 672,987,517 shares for and 29,627,948 shares against.
(4) Approved ratification of the amendment to extend the
expiration of the American International Group, Inc. Tax Asset
Protection Plan by a vote of 607,110,408 shares for and 95,536,299
shares against.
(5) Approved ratification of the selection of
PricewaterhouseCoopers LLP as AIG's independent registered public
accounting firm for 2020 by a vote of 706,133,411 shares for and
34,051,760 shares against.
(6) Withheld support for a shareholder proposal calling for the
Board to take steps to amend the AIG By-Laws to reduce the
threshold for shareholders eligible to call special meetings – from
shareholders who hold at least 25 percent of AIG’s outstanding
common stock to shareholders who hold at least 10 percent of AIG’s
outstanding common stock – by a vote of 309,037,699 shares for and
393,480,547 shares against.
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions, and other financial services to customers in more than
80 countries and jurisdictions. These diverse offerings include
products and services that help businesses and individuals protect
their assets, manage risks and provide for retirement security. AIG
common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20200514005912/en/
Sabra Purtill (Investors): sabra.purtill@aig.com Shelley Singh
(Investors): shelley.singh@aig.com Daniel O’Donnell (Media):
daniel.odonnell@aig.com Claire Talcott (Media):
claire.talcott@aig.com
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