{"schema_version":"secwatch.filing_event.v1","accession":"0000072971-23-000097","form_type":"8-K","ticker":"WFC","cik":"0000072971","company_name":"WELLS FARGO & COMPANY/MN","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.097752+00:00","generated_at":"2026-06-16T09:54:09.075853+00:00","sec_items":["5.05","5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"WFC shareholders pass simple majority vote, workplace harassment report proposals at annual meeting","bullets":["All 13 director nominees elected with >92% support; Charles Scharf received 97.54% for.","Advisory vote on executive compensation (say on pay) approved with 92.06% of votes cast.","Shareholder proposal to adopt simple majority vote passed with 50.00% of votes cast for vs against.","Shareholder proposal requesting annual report on prevention of workplace harassment and discrimination passed with 52.27% of votes cast.","Other five shareholder proposals (political spending, climate lobbying, etc.) did not receive majority support."],"urls":{"canonical":"https://secwatch.observer/filing/0000072971-23-000097","json":"https://secwatch.observer/filing/0000072971-23-000097.json","markdown":"https://secwatch.observer/filing/0000072971-23-000097.md","text":"https://secwatch.observer/filing/0000072971-23-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/wfc-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:54:09.075853+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fde27d18d52df20263e60ce4a205d89ed79a7cc6","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"code of ethics"},{"label":"Effective","value":"2023-04-28"}],"fact_type":"governance_change"},{"claim_id":"083f13576f9f92fee825e0332347ab285f6d56c9","claim":"WELLS FARGO & COMPANY/MN shareholders approved Advisory Resolution to Approve Executive Compensation (Say on Pay) at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"36e7bff967b013d259f3022986dcf8d52ff669cc","claim":"WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Climate Lobbying Report at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"4e756591f6adde9b1c79d33757ba24868e8504bd","claim":"WELLS FARGO & COMPANY/MN shareholders approved Election of Director Nominees at the 2023-04-25 meeting.","evidence_excerpt":"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,","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"58e5f6211a6686cddf15b1c001e8f42d9e395c1e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"703afe407af371d1ded06cb5456740312efe599b","claim":"WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Fossil Fuel Lending Policy at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"85f553cb95bf725b6d3a47d617181d23c1ff4fbc","claim":"WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Policy on Freedom of Association and Collective Bargaining at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"8adbd053f5cb7dc23ffe09aef7c5b176b251b3f1","claim":"WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Report on Congruency of Political Spending at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"a9449444b4eb509b97d5d9fe7201ad44e4b270a1","claim":"WELLS FARGO & COMPANY/MN shareholders approved Shareholder Proposal – Annual Report on Prevention of Workplace Harassment and Discrimination at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"d623fc8e0d3684495f57ead3d694c67eab1cf5e3","claim":"WELLS FARGO & COMPANY/MN shareholders approved Shareholder Proposal – Adopt Simple Majority Vote at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"e524841c18371d5690fa4c05b487520372df0032","claim":"WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Climate Transition Report at the 2023-04-25 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"},{"claim_id":"f158006bb337bc867c85a5143b097ba0c0575772","claim":"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.","evidence_excerpt":"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 —","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-25"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}