8-K
filed May 11, 2023, 7:59 PM ET
ticker AJG
CIK 0000354190
other material
confidence high
sentiment neutral
materiality 0.40
AJG shareholders approve officer exculpation amendment; re-elect all directors
Arthur J. Gallagher & Co.
- Amendment to limit officer liability as permitted by Delaware law approved by 151.9M shares (84.9% of votes cast).
- All nine director nominees re-elected; David S. Johnson received the most votes against (25.1M).
- Say-on-pay approved with 162.5M votes for; advisory vote on frequency set to annual as preferred.
- Ratification of Ernst & Young as auditor for FY2023 passed with 180.8M shares in favor.
- Certificate of Amendment and Restated Certificate filed with Delaware on May 9, 2023, effective immediately.
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
Arthur J. Gallagher & Co.: Amendment to Certificate of Incorporation to add provision exculpating officers from liability in specific circumstances (effective 2023-05-09).
- Change
- charter amendment
- Effective
- 2023-05-09
Exact text from the filing
the Company filed a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware on May 9, 2023 (" Certificate of Amendment "), which became effective upon filing.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arthur J. Gallagher & Co. shareholders approved Advisory vote on the frequency of future stockholder votes to approve named executive officers' compensation at the 2023-05-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Say-on-Frequency 174,114,410 318,203 1,580,513 709,440 14,741,525
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arthur J. Gallagher & Co. shareholders approved Amendment to Amended and Restated Certificate of Incorporation to limit liability of certain officers at the 2023-05-09 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Amendment of Certificate of Incorporation 151,881,723 24,529,733 311,110 14,741,525
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arthur J. Gallagher & Co. shareholders approved Election of Directors at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Election of Directors For Against Abstain Broker Non-Votes Sherry S. Barrat 165,991,424 10,487,282 243,860 14,741,525 William L. Bax 164,645,938 11,825,452 251,176 14,741,525 Teresa H. Clarke 174,687,709 1,482,387 552,470 14,741,525 D. John Coldman 171,034,611 5,433,267 254,688 14,741,525 J. Patrick Gallagher, Jr. 160,367,074 16,010,660 344,832 14,741,525 Election of Directors For Against Abstain Broker Non-Votes David S. Johnson 151,390,847 25,082,156 249,563 14,741,525 Christopher C. Miskel 168,378,534 8,094,542 249,490 14,741,525 Ralph J. Nicoletti 173,881,373 2,588,402 252,791 14,741,525 Norman L. Rosenthal 170,900,070 5,571,348 251,148 14,741,525
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arthur J. Gallagher & Co. shareholders approved Approval, on a non-binding advisory basis, of named executive officers' compensation at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Say-on-Pay 162,510,971 13,101,987 1,109,608 14,741,525
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arthur J. Gallagher & Co. shareholders approved Ratification of Appointment of Ernst & Young LLP as Independent Registered Public Accounting Firm for fiscal year 2023 at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Auditor Ratification 180,801,652 8,601,225 2,061,214
View on SEC.gov
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