---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-100832"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:48:11.646405+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# USB shareholders elect all 13 directors, approve 2024 Stock Plan and auditor at annual meeting

## Summary
- All 13 director nominees elected; Andrew Cecere received 1.083B votes for, 53.3M against.
- Say-on-pay advisory approved with 1.066B votes for (93.5% of votes cast).
- Ernst & Young ratified as 2024 auditor with 1.265B for, 46.3M against.
- U.S. Bancorp 2024 Stock Incentive Plan approved with 1.087B for, 48.8M against.
- Broker non-votes of ~174M on director election, say-on-pay, and stock plan proposals.

## SEC filing metadata
- accession: 0001193125-24-100832
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312524100832/0001193125-24-100832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312524100832/d816482d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-100832
- JSON: https://secwatch.observer/filing/0001193125-24-100832.json
- Plain text: https://secwatch.observer/filing/0001193125-24-100832.txt

## Key facts
- Shareholder Votes
  US BANCORP DE shareholders approved Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Proxy Statement. at the 2024-04-16 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: Proposal 2 : Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Proxy Statement. The Company’s shareholders gave advisory approval of the compensation of the Company’s executive officers as disclosed in the Proxy Statement, and the voting results are set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312524100832/0001193125-24-100832-index.htm
- Shareholder Votes
  US BANCORP DE shareholders approved Election of thirteen directors to serve for a one-year term until the 2025 annual meeting of shareholders. at the 2024-04-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: Proposal 1 : Election of thirteen directors to serve for a one-year term until the 2025 annual meeting of shareholders. The Company’s shareholders elected each of the thirteen nominees for director, and the voting results are set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312524100832/0001193125-24-100832-index.htm
- Shareholder Votes
  US BANCORP DE shareholders approved Approval of the U.S. Bancorp 2024 Stock Incentive Plan (the “2024 Plan”). at the 2024-04-16 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: Proposal 4 : Approval of the 2024 Plan. The Company’s shareholders approved the 2024 Plan, and the voting results are set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312524100832/0001193125-24-100832-index.htm
- Shareholder Votes
  US BANCORP DE shareholders approved Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for the 2024 fiscal year. at the 2024-04-16 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: Proposal 3 : Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for the 2024 fiscal year. The Company’s shareholders ratified the selection of Ernst & Young LLP, and the voting results are set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312524100832/0001193125-24-100832-index.htm

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