AEL shareholders approve Brookfield Reinsurance merger; compensation proposal fails

American National Group Inc.

Merger proposal (Proposal 1) approved with 69,683,287 votes for, 141,177 against, 311,858 abstain.
Advisory compensation proposal (Proposal 2) not approved: 27,722,922 for, 41,750,905 against, 662,493 abstain.
Adjournment proposal rendered moot due to merger approval.
Special meeting held Nov 10, 2023; quorum of 70,136,322 shares present.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

American National Group Inc. shareholders approved Approval of Agreement and Plan of Merger with Brookfield Reinsurance Ltd. at the 2023-11-10 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-11-10

Exact text from the filing

The Merger Proposal was approved, having received "For" votes from a majority of the votes cast by Shareholders who were present and voting together as a single class at the Special Meeting. Voting results were as follows: For Against Abstain Broker Non-Votes 69,683,287 141,177 311,858 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

American National Group Inc. shareholders rejected Advisory approval of certain merger-related executive compensation at the 2023-11-10 meeting.

Proposal: say on pay
Outcome: failed
Meeting: 2023-11-10

Exact text from the filing

The Compensation Proposal was not approved, having not received "For" votes from a majority of the votes cast by Shareholders who were present and voting together as a single class at the Special Meeting. Voting results were as follows: For Against Abstain Broker Non-Votes 27,722,922 41,750,905 662,493 0

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160 shareholder votes filed in the last 30 days. Browse all shareholder votes →

American National Group Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-116682

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