secwatch / observer
8-K filed May 16, 2024, 7:59 PM ET ticker CB CIK 0000896159
other material confidence high sentiment neutral materiality 0.40

Chubb shareholders approve capital band, share cancellation, and ESPP at 2024 AGM

Chubb Ltd

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: Approved an amendment to Article 6 of the Articles of Association to introduce a capital band authorizing the Board to increase or decrease share capital by up to 20% for a 1-year period, and a share capital reduction via cancellation of shares (effective 2024-05-22).

Change
charter amendment
Effective
2024-05-22
Exact text from the filing
At the annual general meeting, the Company’s shareholders also approved (i) a share capital reduction via cancellation of shares, as further described in the Proxy Statement under the heading “Agenda Item 9: Cancellation of Repurchased Shares,” incorporated herein by reference; and (ii) an amendment to Article 6 of the Articles of Association to authorize the Company’s Board of Directors to introduce a capital band, which authorizes the Board of Directors to increase or decrease the Company’s share capital by up to 20% for a 1-year period ending on May 16, 2025, and in connection therewith, limit or withdraw the shareholders’ pre-emptive rights in specified and limited circumstances, all as further described in the Proxy Statement under the heading “Agenda Item 10: Approval of a Capital Band for Authorized Share Capital Increases and Reductions,” which is incorporated herein by reference.
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 financial year ending December 31, 2024 at the 2024-05-16 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2024-05-16
Exact text from the filing
4.1 Election of PricewaterhouseCoopers AG (Zurich) as the Company’s statutory auditor for the financial year ending December 31, 2024 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 346,648,307 14,420,831 228,430 0
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 until the Company's next annual general meeting at the 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
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 321,479,700 14,468,622 279,390 25,069,856
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Chubb Ltd shareholders approved Cancellation of repurchased shares at the 2024-05-16 meeting.

Proposal
reverse split
Outcome
passed
Meeting
2024-05-16
Exact text from the filing
9. Cancellation of repurchased shares Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 360,234,451 688,687 374,430 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 until the conclusion of the Company's next annual general meeting at the 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
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 360,701,122 224,978 371,468 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 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
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 360,123,776 924,642 249,150 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 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
Exact text from the filing
2.1 Allocation of disposable profit Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 360,807,595 213,997 275,976 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 financial year ending December 31, 2024 at the 2024-05-16 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2024-05-16
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 financial year ending December 31, 2024 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 342,854,392 18,207,007 236,169 0
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 until the Company's next annual general meeting at the 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
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 265,361,205 69,364,868 1,501,639 25,069,856
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.7

Chubb Ltd shareholders approved Election of directors (slate of 13 nominees) at the 2024-05-16 meeting.

Proposal
director election
Outcome
passed
Meeting
2024-05-16
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 314,270,439 20,774,145 1,183,128 25,069,856
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, 2023 at the 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
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, 2023 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 360,085,556 206,028 1,005,984 0
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 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
Exact text from the filing
3. Discharge of the Board of Directors Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 332,421,027 2,406,632 1,201,232 25,069,856
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 2024-05-16 meeting.

Outcome
passed
Meeting
2024-05-16
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 360,902,705 150,469 244,394 0
View on SEC.gov

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Chubb Ltd filing history →

Source: SEC EDGAR
accession 0001104659-24-062549
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