secwatch / observer
8-K filed April 27, 2023, 7:59 PM ET ticker WFC CIK 0000072971
other material confidence high sentiment neutral materiality 0.35

WFC shareholders pass simple majority vote, workplace harassment report proposals at annual meeting

WELLS FARGO & COMPANY/MN

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WELLS FARGO & COMPANY/MN: Amended and restated Code of Ethics and Business Conduct, renamed to Code of Conduct, effective April 28, 2023 (effective 2023-04-28).

Change
code of ethics
Effective
2023-04-28
Exact text from the filing
On April 25, 2023, the Board of Directors (the “Board”) of Wells Fargo & Company (the “Company”) approved the amendment and restatement of the Company’s Code of Ethics and Business Conduct, to be effective April 28, 2023, including a change in the name to the Code of Conduct (as amended and restated, the “Code”).
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders approved Advisory Resolution to Approve Executive Compensation (Say on Pay) at the 2023-04-25 meeting.

Proposal
say on pay
Outcome
passed
Meeting
2023-04-25
Exact text from the filing
Advisory Resolution to Approve Executive Compensation (Say on Pay) FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 2,694,651,626 92.06% 212,420,469 20,143,296 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Climate Lobbying Report at the 2023-04-25 meeting.

Outcome
failed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Climate Lobbying Report FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 937,616,378 32.03% 1,961,705,583 27,893,430 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders approved Election of Director Nominees at the 2023-04-25 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-04-25
Exact text from the filing
Election of Director Nominees DIRECTOR FOR % 1 AGAINST ABSTENTIONS BROKER NON-VOTES Steven D. Black 2,697,825,515 92.70% 212,601,589 16,788,287 349,412,800 Mark A. Chancy 2,843,135,462 97.70% 67,014,632 17,065,297 349,412,800 Celeste A. Clark 2,801,298,452 96.20% 110,651,961 15,264,978 349,412,800 Theodore F. Craver, Jr. 2,826,780,375 97.14% 83,271,471 17,163,546 349,412,800 Richard K. Davis 2,857,392,824 98.19% 52,813,906 17,008,661 349,412,800 Wayne M. Hewett 2,682,396,938 92.17% 227,872,474 16,945,979 349,412,800 CeCelia (“CeCe”) G. Morken 2,837,934,315 97.49% 73,213,616 16,067,460 349,412,800 Maria R. Morris 2,829,183,759 97.16% 82,608,747 15,422,885 349,412,800 Felicia F. Norwood 2,836,074,370 97.41% 75,362,401 15,778,620 349,412,800 Richard B. Payne, Jr. 2,826,858,215 97.14% 83,245,718 17,111,458 349,412,800 Ronald L. Sargent 2,791,796,084 95.94% 118,201,961 17,217,346 349,412,800 Charles W. Scharf 2,839,466,803 97.54% 71,736,049 16,012,539 349,412,800 Suzanne M. Vautrinot 2,814,
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders approved Advisory Resolution on the Frequency of Future Advisory Votes to Approve Executive Compensation (Say on Frequency) at the 2023-04-25 meeting.

Proposal
say on pay frequency
Outcome
passed
Meeting
2023-04-25
Exact text from the filing
Advisory Resolution on the Frequency of Future Advisory Votes to Approve Executive Compensation (Say on Frequency) EVERY YEAR % 2 EVERY 2 YEARS EVERY 3 YEARS ABSTENTIONS BROKER NON-VOTES 2,864,227,865 97.85% 10,016,323 42,526,020 10,445,184 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Fossil Fuel Lending Policy at the 2023-04-25 meeting.

Outcome
failed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Fossil Fuel Lending Policy FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 248,827,799 8.50% 2,629,078,280 49,309,312 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Policy on Freedom of Association and Collective Bargaining at the 2023-04-25 meeting.

Outcome
failed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Policy on Freedom of Association and Collective Bargaining FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 997,300,155 34.07% 1,800,697,211 129,218,026 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Report on Congruency of Political Spending at the 2023-04-25 meeting.

Outcome
failed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Report on Congruency of Political Spending FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 826,936,722 28.25% 2,072,243,068 28,035,601 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders approved Shareholder Proposal – Annual Report on Prevention of Workplace Harassment and Discrimination at the 2023-04-25 meeting.

Outcome
passed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Annual Report on Prevention of Workplace Harrassment and Discrimination FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 1,530,134,599 52.27% 1,250,639,775 146,441,018 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders approved Shareholder Proposal – Adopt Simple Majority Vote at the 2023-04-25 meeting.

Outcome
passed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Adopt Simple Majority Vote FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 1,463,638,799 50.00% 1,445,330,742 18,245,850 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Climate Transition Report at the 2023-04-25 meeting.

Outcome
failed
Meeting
2023-04-25
Exact text from the filing
Shareholder Proposal – Climate Transition Report FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 901,414,723 30.79% 1,997,595,188 28,205,480 349,412,800
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WELLS FARGO & COMPANY/MN shareholders approved Ratify the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for 2023 at the 2023-04-25 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2023-04-25
Exact text from the filing
Ratify the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for 2023 FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 3,079,955,440 94.00% 184,922,050 11,750,700 —
View on SEC.gov

Browse all governance changes →

WELLS FARGO & COMPANY/MN filing history →

Source: SEC EDGAR
accession 0000072971-23-000097
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.