---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-063200"
form_type: "8-K"
ticker: "PFG"
cik: "0001126328"
company_name: "PRINCIPAL FINANCIAL GROUP INC"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T17:56:45.724411+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Principal Financial Group holds 2023 annual meeting; director Dan retires, all board nominees elected

## Summary
- Director Michael T. Dan retired at May 16, 2023 annual meeting per mandatory retirement policy (72nd birthday).
- Shareholders elected six directors: Auerbach, Beams, Carter-Miller, Mills, Muruzabal, Mitchell; all received >148M votes.
- Advisory vote on executive compensation approved with 161.4M for (93.3% of votes cast).
- Advisory vote on frequency: one year favored with 161.3M votes; company will disclose determination within 150 days.
- Ratification of Ernst & Young as independent auditor passed with 174.4M for, 6.0M against.

## SEC filing metadata
- accession: 0001104659-23-063200
- form_type: 8-K
- ticker: PFG
- cik: 0001126328
- company_name: PRINCIPAL FINANCIAL GROUP INC
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/0001104659-23-063200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/tm2316381d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-063200
- JSON: https://secwatch.observer/filing/0001104659-23-063200.json
- Plain text: https://secwatch.observer/filing/0001104659-23-063200.txt

## Key facts
- Executive change
  Michael T. Dan retired as Director at PRINCIPAL FINANCIAL GROUP INC.
  - Action: retired
  - Role: Director
  source text: Michael T. Dan retired from service as a director on the Board of Directors of Principal Financial Group, Inc. (the “Company”) at the conclusion of the Company’s annual meeting of shareholders held on May 16, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/0001104659-23-063200-index.htm
- Shareholder Votes
  PRINCIPAL FINANCIAL GROUP INC shareholders approved Ratification of Appointment of Independent Registered Public Accountants at the 2023-05-16 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: (4) Ratification of Appointment of Independent Registered Public Accountants 174,351,224 5,986,733 265,469 ---
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/0001104659-23-063200-index.htm
- Shareholder Votes
  PRINCIPAL FINANCIAL GROUP INC shareholders approved Advisory Vote on the Frequency of Advisory Votes to Approve Executive Compensation of Named Executive Officers at the 2023-05-16 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: (3) Advisory Vote on the Frequency of Advisory Votes to Approve Executive Compensation of Named Executive Officers: One Year: 161,342,936 14,271,728 Two Years: 265,023 14,271,728 Three Years: 4,407,945 14,271,728 Abstain: 315,794 14,271,728
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/0001104659-23-063200-index.htm
- Shareholder Votes
  PRINCIPAL FINANCIAL GROUP INC shareholders approved Election of five Class I directors and one Class III director at the 2023-05-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: The voting results were as follows: (1) Election of Directors VOTES FOR VOTES AGAINST ABSTAINED BROKER NON-VOTES Jonathan S. Auerbach 164,610,342 1,472,555 248,801 14,271,728 Mary E. “Maliz” Beams 164,406,228 1,575,034 350,436 14,271,728 Jocelyn Carter-Miller 148,648,348 17,446,080 237,270 14,271,728 Scott M. Mills 162,880,542 3,186,491 264,665 14,271,728 Claudio N. Muruzabal 163,391,508 2,583,242 356,948 14,271,728 H. Elizabeth Mitchell 164,377,702 1,600,297 353,699 14,271,728
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/0001104659-23-063200-index.htm
- Shareholder Votes
  PRINCIPAL FINANCIAL GROUP INC shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-05-16 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: (2) Advisory Vote to Approve Executive Compensation 161,362,332 4,534,074 435,292 14,271,728
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923063200/0001104659-23-063200-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.