8-K 1 d386061d8k.htm FORM 8-K CURRENT REPORT Form 8-K Current Report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): April 25, 2017

 

 

WELLS FARGO & COMPANY

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-2979   No. 41-0449260

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

420 Montgomery Street, San Francisco, California 94104

(Address of Principal Executive Offices) (Zip Code)

1-866-249-3302

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

 

Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐   

 

 

 

  Item 5.07 Submission of Matters to a Vote of Security Holders

Wells Fargo & Company (the “Company”) held its annual meeting of stockholders on April 25, 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 Company’s named executives as disclosed in the Company’s 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 Company’s 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      

      %1          

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  
           

Enrique Hernandez, 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. Peña

     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  

 

 

  1  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  
           

Suzanne M. Vautrinot

     3,190,853,962        79.48 %      823,597,219       22,513,752       483,111,471  

Advisory Resolution to Approve Executive Compensation

 

FOR    %2    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    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    % 2    AGAINST    ABSTENTIONS   

 

BROKER

NON-VOTES

         

4,363,263,834  

    96.53%      141,085,305      15,726,843      422  

 

 

  2  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    % 2    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    % 2    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    % 2    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    % 2    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    % 2    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    % 2    AGAINST    ABSTENTIONS   

 

BROKER

NON-VOTES

         
681,193,234      16.87%      3,102,417,791      253,358,325      483,107,054  

 

4

SIGNATURE

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.

 

    WELLS FARGO & COMPANY
DATED: April 28, 2017     By:  

    /s/ Anthony R. Augliera

      Anthony R. Augliera
      Senior Vice President and Corporate Secretary

 

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