8-K
filed May 2, 2023, 7:59 PM ET
ticker PNC
CIK 0000713676
other
confidence high
sentiment neutral
materiality 0.20
PNC director Ward not re-elected due to retirement; all 13 nominees elected
PNC FINANCIAL SERVICES GROUP, INC.
- Michael J. Ward did not stand for re-election as director due to mandatory retirement age per PNC governance guidelines.
- All 13 director nominees elected at annual meeting with >95% support each.
- Say-on-pay approved with 79.80% of votes cast (65.46M against).
- Shareholders approved one-year frequency for future advisory votes on executive compensation.
- PricewaterhouseCoopers LLP ratified as independent auditor for 2023 with 98.34% support.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Ward departed as Director at PNC FINANCIAL SERVICES GROUP, INC..
- Action
- did not stand for re-election
- Role
- Director
Exact text from the filing
Michael J. Ward did not stand for re-election to the Board of Directors (the "Board") of The PNC Financial Services Group, Inc. ("PNC") at the annual meeting of shareholders of PNC held on April 26, 2023, as he had reached the mandatory retirement age set forth in PNC's corporate governance guidelines.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Advisory vote to approve the compensation of PNC's named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
The compensation of PNC's named executive officers was approved on an advisory basis.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Ratification of the Audit Committee's selection of PricewaterhouseCoopers LLP as PNC's independent registered public accounting firm for 2023 at the 2023-04-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
The Audit Committee's selection of PricewaterhouseCoopers LLP as PNC's independent registered public accounting firm for 2023 was ratified.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Election of the 13 director nominees named in PNC's proxy statement at the 2023-04-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
The 13 director nominees named in PNC's proxy statement were elected.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Advisory vote to approve the frequency of future advisory votes on the compensation of PNC's named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
A frequency of one year for future advisory votes on the compensation of PNC's named executive officers was approved on an advisory basis.
View on SEC.gov
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