UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As further reported in Item 5.07 below, on May 15, 2024, BlackRock, Inc. (“BlackRock” or the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the shareholders approved the BlackRock, Inc. Third Amended and Restated 1999 Stock Award and Incentive Plan (the “Restated Plan”) which (i) extends the term of the Restated Plan for ten years, (ii) increases the number of shares of BlackRock common stock authorized for issuance under the Restated Plan by 7,000,000 shares, and (iii) makes certain other clarifying and conforming plan changes and updates. The Restated Plan was submitted to the shareholders to ensure the Restated Plan’s compliance with the New York Stock Exchange’s Corporate Governance Standards concerning shareholder approval of equity compensation plans and/or material revisions to such plans.
The material terms of the Restated Plan were described in BlackRock’s definitive proxy statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on April 4, 2024. The description of the Restated Plan in the definitive proxy statement is incorporated by reference herein.
Item 5.07. | Submission of Matters to a Vote of Security Holders. |
The following are the voting results on each matter submitted to the Company’s shareholders at the Annual Meeting. All director nominees were elected (Item 1). The proposal to approve the compensation of the named executive officers as disclosed in the Company’s proxy statement, through a non-binding advisory vote, was approved (Item 2). Additionally, the proposal to approve the Restated Plan was approved (Item 3). Further, shareholders ratified the appointment of Deloitte LLP as the Company’s independent registered public accounting firm for the fiscal year 2024 (Item 4). In addition, the shareholder proposal requesting a report on risks associated with the Company’s equal employment opportunity (“EEO”) policy was not approved (Item 5). The shareholder proposal to amend the Amended and Restated Bylaws of the Company (the “Bylaws”) to require an independent board chair was also not approved (Item 6). Finally, the shareholder proposal requesting a report on the Company’s proxy voting record and policies for climate change-related proposals was not approved (Item 7).
Below are detailed voting results of the shares represented and entitled to vote at the Annual Meeting on each matter voted on and described in detail in the Company’s definitive proxy statement.
Item 1 – Election to the Company’s Board of Directors of the following 16 nominees:
For | Against | Abstentions | Broker Non-Votes | |||||||||||||
Pamela Daley |
119,757,616 | 2,210,592 | 101,402 | 9,821,539 | ||||||||||||
Laurence D. Fink |
117,016,498 | 4,538,881 | 514,231 | 9,821,539 | ||||||||||||
William E. Ford |
117,556,104 | 4,431,831 | 81,675 | 9,821,539 | ||||||||||||
Fabrizio Freda |
118,595,119 | 3,382,138 | 92,353 | 9,821,539 | ||||||||||||
Murry S. Gerber |
115,831,247 | 6,151,671 | 86,692 | 9,821,539 | ||||||||||||
Margaret “Peggy” L. Johnson |
121,130,264 | 854,632 | 84,714 | 9,821,539 | ||||||||||||
Robert S. Kapito |
120,625,759 | 1,357,029 | 86,822 | 9,821,539 | ||||||||||||
Cheryl D. Mills |
118,964,061 | 3,020,190 | 85,359 | 9,821,539 | ||||||||||||
Amin H. Nasser |
119,847,786 | 1,824,596 | 397,228 | 9,821,539 | ||||||||||||
Gordon M. Nixon |
116,746,642 | 5,153,962 | 169,006 | 9,821,539 | ||||||||||||
Kristin C. Peck |
120,462,264 | 1,516,709 | 90,637 | 9,821,539 | ||||||||||||
Charles H. Robbins |
121,671,481 | 305,495 | 92,634 | 9,821,539 | ||||||||||||
Marco Antonio Slim Domit |
109,246,802 | 12,737,229 | 85,579 | 9,821,539 | ||||||||||||
Hans E. Vestberg |
121,645,983 | 329,935 | 93,692 | 9,821,539 | ||||||||||||
Susan L. Wagner |
120,048,371 | 1,941,676 | 79,563 | 9,821,539 | ||||||||||||
Mark Wilson |
120,602,366 | 1,379,223 | 88,021 | 9,821,539 |
Item 2 – Approval, in a non-binding advisory vote, of the compensation for named executive officers:
For |
Against |
Abstentions |
Broker Non-Votes | |||
71,553,955 | 50,371,487 | 144,168 | 9,821,539 |
Item 3 – Approval of the Restated Plan:
For |
Against |
Abstentions |
Broker Non-Votes | |||
119,449,413 | 2,504,201 | 115,996 | 9,821,539 |
Item 4 – Ratification of the appointment of Deloitte LLP as the Company’s independent registered public accounting firm for the fiscal year 2024:
For |
Against |
Abstentions |
Broker Non-Votes | |||
126,252,849 | 5,544,695 | 93,605 | 0 |
Item 5 – Shareholder proposal requesting a report on risks associated with the Company’s EEO policy:
For |
Against |
Abstentions |
Broker Non-Votes | |||
864,387 | 120,055,558 | 1,149,665 | 9,821,539 |
Item 6 – Shareholder proposal to amend the Bylaws to require an independent board chair:
For |
Against |
Abstentions |
Broker Non-Votes | |||
15,963,352 | 106,012,586 | 93,672 | 9,821,539 |
Item 7 – Shareholder proposal requesting a report on the Company’s proxy voting record and policies for climate change-related proposals:
For |
Against |
Abstentions |
Broker Non-Votes | |||
9,850,619 | 110,792,447 | 1,426,544 | 9,821,539 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BlackRock, Inc. | ||||||
(Registrant) | ||||||
By: | /s/ R. Andrew Dickson III | |||||
Date: May 17, 2024 | R. Andrew Dickson III | |||||
Corporate Secretary |