Erie Indemnity Q1 net income up 26% to $86.2M; dividend raised to $1.19

On April 27, 2023, Erie Indemnity Company (the “Company”) issued a press release announcing financial results for the quarter ended March 31, 2023.

a majority (2,509) of the voted shares selected “every three years” as the preferred frequency of future advisory votes on executive compensation, with 20 votes selecting “every year,” 10 votes selecting “every two years” and no abstentions.

In accordance with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, shareholders were asked to (i) approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s 2023 Information Statement, and (ii) select “every year,” “every two years,” “every three years” or “abstain” as the preferred frequency of future advisory votes on executive compensation. The compensation of the named executive officers was unanimously approved by the 2,539 votes cast

Shareholders were also asked to approve the adoption of the Company’s Deferred Stock Plan for Outside Directors, as Amended and Restated (the “Plan”). The adoption of the Plan was approved by a majority (2,529) of the votes cast, with 10 abstentions.

At the Annual Meeting, shareholders of the Company re-elected all 11 incumbent directors to serve on the Company's Board of Directors for a one-year term. The names of the elected directors and voting results appear below. None of the shareholders who voted for the election of Directors withheld authority or abstained. For J. Ralph Borneman, Jr. 2,539 Eugene C. Connell 2,539 Salvatore Correnti 2,539 LuAnn Datesh 2,539 Jonathan Hirt Hagen 2,539 Thomas B. Hagen 2,539 C. Scott Hartz 2,539 Brian A. Hudson, Sr. 2,539 George R. Lucore 2,539 Thomas W. Palmer 2,539 Elizabeth Hirt Vorsheck 2,539