8-K
filed May 17, 2023, 7:59 PM ET
ticker CB
CIK 0000896159
other material
confidence high
sentiment neutral
materiality 0.50
Chubb shareholders approve capital reduction and bylaw amendments at 2023 AGM
Chubb Ltd
- Shareholders approved share capital reduction via cancellation of repurchased shares and par value reduction from CHF 24.15 to CHF 0.50 per share.
- Articles of Association amended to align with Swiss corporate law updates and extend advance notice period for shareholder proposals to 90 days.
- All 13 director nominees elected, including Evan G. Greenberg as Chairman; two shareholder proposals on climate and human rights rejected.
- Advisory votes on executive compensation and frequency (annual) approved; maximum compensation for Board and Executive Management set.
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
Chubb Ltd: Shareholders approved amendments to Articles of Association to align with updated Swiss corporate law (effective 2023-05-17).
- Change
- charter amendment
- Effective
- 2023-05-17
Exact text from the filing
the Company’s shareholders approved (i) amendments to various sections of the Company’s Articles of Association in connection with recent updates to Swiss corporate law relating to shareholder and Board authorities, procedures for convening general meetings and related shareholder rights, executive compensation requirements and limitations, and certain other matters
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Approval of the management report, standalone financial statements and consolidated financial statements of Chubb Limited for the year ended December 31, 2022 at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
1. Approval of the management report, standalone financial statements and consolidated financial statements of Chubb Limited for the year ended December 31, 2022 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 364,309,343 215,381 1,111,626 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Allocation of disposable profit at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
2.1 Allocation of disposable profit Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 365,050,505 230,965 354,880 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP (United States) as independent registered public accounting firm for purposes of U.S. securities law reporting for the year ending December 31, 2023 at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
4.2 Ratification of appointment of PricewaterhouseCoopers LLP (United States) as independent registered public accounting firm for purposes of U.S. securities law reporting for the year ending December 31, 2023 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 345,772,949 19,562,636 300,765 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of Homburger AG as independent proxy at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
8. Election of Homburger AG as independent proxy until the conclusion of the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 364,669,244 223,701 743,405 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of BDO AG (Zurich) as special audit firm until the Company's next annual general meeting at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
4.3 Election of BDO AG (Zurich) as special audit firm until the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 364,815,259 460,656 360,435 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of Frances F. Townsend as Compensation Committee member at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
7.3 Election of Frances F. Townsend as Compensation Committee member until the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 323,865,001 15,423,954 328,248 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Distribution of a dividend out of legal reserves (by way of release and allocation to a dividend reserve) at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
2.2 Distribution of a dividend out of legal reserves (by way of release and allocation to a dividend reserve) Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 365,147,513 171,267 317,570 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Amendment to advance notice period in the Company's Articles of Association at the 2023-05-17 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
9.2 Amendment to advance notice period in the Company's Articles of Association Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 336,338,994 2,957,290 320,919 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of Evan G. Greenberg as Chairman of the Board of Directors at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
6. Election of Evan G. Greenberg as Chairman of the Board of Directors until the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 256,896,303 80,749,673 1,971,227 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of David H. Sidwell as Compensation Committee member at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
7.2 Election of David H. Sidwell as Compensation Committee member until the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 336,542,969 2,760,427 313,807 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Discharge of the Board of Directors at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
3. Discharge of the Board of Directors Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 336,319,834 1,450,346 1,602,582 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.4
Chubb Ltd shareholders approved Reduction of share capital via cancellation of repurchased shares at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
10.1 Reduction of share capital via cancellation of repurchased shares Shares Voted For Shares Voted Against Shares Abstain
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of Directors at the 2023-05-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
5.1 Election of Evan G. Greenberg as director until the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 319,727,780 18,864,880 1,024,543 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Amendment to the Articles of Association relating to Swiss corporate law updates at the 2023-05-17 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
9.1 Amendment to the Articles of Association relating to Swiss corporate law updates Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 339,192,939 109,597 314,667 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of Michael P. Connors as Compensation Committee member at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
7.1 Election of Michael P. Connors as Compensation Committee member until the Company's next annual general meeting Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 318,065,288 21,231,797 320,118 26,019,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Chubb Ltd shareholders approved Election of PricewaterhouseCoopers AG (Zurich) as the Company's statutory auditor for the year ending December 31, 2023 at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
4.1 Election of PricewaterhouseCoopers AG (Zurich) as the Company's statutory auditor for the year ending December 31, 2023 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 351,120,875 14,221,396 294,080 0
View on SEC.gov
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