8-K
filed May 2, 2024, 7:59 PM ET
ticker WFC
CIK 0000072971
other material
confidence high
sentiment neutral
materiality 0.55
Wells Fargo shareholders approve opt-out of DGCL Section 203, elect all 13 directors
WELLS FARGO & COMPANY/MN
- All 13 director nominees elected; say-on-pay approved with 92.73% support.
- Amendment to opt out of DGCL Section 203 approved (78.26% for); effective 12 months after May 2 filing.
- Proposal to remove supermajority vote standard for local directors failed despite 78.73% for (bylaw may require higher threshold).
- All eight shareholder proposals (climate, lobbying, de-banking, etc.) received less than 36% support; none passed.
- KPMG LLP ratified as independent auditor for 2024 with 94.3% support.
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: Shareholders approved an amendment to the Restated Certificate of Incorporation to opt out of DGCL Section 203 (effective 2024-05-02).
- Change
- charter amendment
- Effective
- 2024-05-02
Exact text from the filing
the Company’s shareholders approved an amendment to the Restated Certificate of Incorporation (the “Certificate”) to opt out of Delaware General Corporation Law (“DGCL”) Section 203
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
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 2024-04-30 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-04-30
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 2,954,827,444 94.30% 167,509,696 11,218,856 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
WELLS FARGO & COMPANY/MN shareholders approved Approve an Amendment to the Restated Certificate of Incorporation to Opt Out of DGCL Section 203 at the 2024-04-30 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
Approve an Amendment to the Restated Certificate of Incorporation to Opt Out of DGCL Section 203 FOR % 3 AGAINST ABSTENTIONS BROKER NON-VOTES 2,770,856,131 78.26% 37,463,801 15,434,618 309,801,446
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
WELLS FARGO & COMPANY/MN shareholders approved Advisory Resolution to Approve Executive Compensation (Say on Pay) at the 2024-04-30 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
Advisory Resolution to Approve Executive Compensation (Say on Pay) FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 2,618,568,744 92.73% 189,660,838 15,524,968 309,801,446
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
WELLS FARGO & COMPANY/MN shareholders approved Election of 13 director nominees at the 2024-04-30 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
The Company held its annual meeting of shareholders on April 30, 2024 (“2024 Annual Meeting”). At the 2024 Annual Meeting, shareholders elected the 13 director nominees nominated by the Board as each director nominee received a greater number of votes cast “for” his or her election than votes cast “against” his or her election
View on SEC.gov
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.