--- 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" generated_at: "2026-06-16T09:54:09.075853+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.35 calibrated_materiality_score: 0.35 confidence: "high" source: SEC EDGAR --- # WFC shareholders pass simple majority vote, workplace harassment report proposals at annual meeting ## Summary - 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. ## SEC filing metadata - 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 - event_type: other_material - sentiment: neutral - materiality_score: 0.35 - calibrated_materiality_score: 0.35 - confidence: high - sec_items: 5.05, 5.07 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000072971-23-000097 - JSON: https://secwatch.observer/filing/0000072971-23-000097.json - Plain text: https://secwatch.observer/filing/0000072971-23-000097.txt ## Key facts - Governance Changes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Climate Lobbying Report at the 2023-04-25 meeting. - Outcome: failed - Meeting: 2023-04-25 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Fossil Fuel Lending Policy at the 2023-04-25 meeting. - Outcome: failed - Meeting: 2023-04-25 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes WELLS FARGO & COMPANY/MN shareholders approved Shareholder Proposal – Adopt Simple Majority Vote at the 2023-04-25 meeting. - Outcome: passed - Meeting: 2023-04-25 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes WELLS FARGO & COMPANY/MN shareholders rejected Shareholder Proposal – Climate Transition Report at the 2023-04-25 meeting. - Outcome: failed - Meeting: 2023-04-25 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000097/0000072971-23-000097-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.