8-K
filed May 2, 2023, 7:59 PM ET
ticker GL
CIK 0000320335
other material
confidence high
sentiment neutral
materiality 0.40
Globe Life shareholders approve officer exculpation, say-on-pay, and director slate
GLOBE LIFE INC.
- Charter amended to exculpate officers for certain fiduciary duty breaches, matching director protections.
- All 12 director nominees elected; votes ranged from 74.6M to 78.6M in favor.
- Say-on-pay approved with 66.1M for (84% of votes cast); next frequency vote in 2029.
- Second Amendment to 2018 Incentive Plan and charter amendment each passed with ~67.7M votes for.
- Deloitte & Touche ratified as auditor with 84.3M for vs 2.8M against.
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
GLOBE LIFE INC.: Amended Article NINTH to provide for exculpation of liability for officers for certain breaches of fiduciary duties (effective 2023-04-27).
- Change
- charter amendment
- Effective
- 2023-04-27
Exact text from the filing
On April 27, 2023, Globe Life Inc. (the "Company") filed a Certificate of Amendment to its Restated Certificate of Incorporation (the “Amendment”) with the Delaware Secretary of State. The Amendment amended Article NINTH of the Company’s Restated Certificate of Incorporation to provide for exculpation of liability for officers of the Company for certain breaches of fiduciary duties, similar to the protections currently available for directors of the Company.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GLOBE LIFE INC. shareholders approved Proposal VI — Approval of Amendment to Restated Certificate of Incorporation at the 2023-04-27 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal VI — Approval of Amendment to Restated Certificate of Incorporation For Against Abstain Broker Non-Vote Amendment to Restated Certificate of Incorporation 67,597,324 10,916,024 309,952 8,409,957
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GLOBE LIFE INC. shareholders approved Proposal III — Advisory Approval of 2022 Executive Compensation (Annual "Say-on-Pay") at the 2023-04-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal III — Advisory Approval of 2022 Executive Compensation (Annual "Say-on-Pay") For Against Abstain Broker Non-Vote 2022 Executive Compensation 66,063,072 12,580,175 180,052 8,409,957
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GLOBE LIFE INC. shareholders approved Proposal I — Election of Directors for One-Year Terms at the 2023-04-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal I — Election of Directors for One-Year Terms For Against Abstain Broker Non-Vote 1.1 Linda L. Addison 78,407,520 357,976 57,804 8,409,957 1.2 Marilyn A. Alexander 77,690,259 1,093,255 39,786 8,409,957 1.3 Cheryl D. Alston 77,554,884 1,208,633 59,783 8,409,957 1.4 Mark A. Blinn 76,856,201 1,925,278 41,821 8,409,957 1.5 James P. Brannen 77,436,752 1,343,623 42,924 8,409,957 1.6 Jane Buchan 74,570,258 4,194,304 58,738 8,409,957 1.7 Alice S. Cho 78,618,864 165,925 38,511 8,409,957 1.8 J. Matthew Darden 78,435,213 319,003 69,084 8,409,957 1.9 Steven P. Johnson 78,097,934 664,394 60,972 8,409,957 1.10 David A. Rodriguez 78,645,081 140,771 37,448 8,409,957 1.11 Frank M. Svoboda 78,449,136 308,164 66,000 8,409,957 1.12 Mary E. Thigpen 78,356,273 415,149 51,878 8,409,957
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GLOBE LIFE INC. shareholders approved Proposal IV — Advisory Approval of Frequency of Executive Compensation Voting at the 2023-04-27 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal IV — Advisory Approval of Frequency of Executive Compensation Voting 1 YEAR 2 YEARS 3 YEARS Abstain Broker Non-Vote Frequency Voting 76,989,661 95,717 1,615,680 122,241 8,409,957
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GLOBE LIFE INC. shareholders approved Proposal II — Ratification of Deloitte & Touche LLP as Independent Auditor for 2023 at the 2023-04-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal II — Ratification of Deloitte & Touche LLP as Independent Auditor for 2023 For Against Abstain Broker Non-Vote Deloitte & Touche LLP 84,340,804 2,831,069 61,384 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GLOBE LIFE INC. shareholders approved Proposal V — Approval of Second Amendment to 2018 Incentive Plan at the 2023-04-27 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal V — Approval of Second Amendment to 2018 Incentive Plan For Against Abstain Broker Non-Vote Second Amendment to 2018 Incentive Plan 67,675,473 10,749,821 398,005 8,409,957
View on SEC.gov
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