other material
confidence high
sentiment negative
materiality 0.15
FNF shareholders reject redomestication to Nevada; consent solicitation terminated
Fidelity National Financial, Inc.
- Proposal to reincorporate from Delaware to Nevada failed: 110.3M FOR, 107.5M AGAINST; needed majority of 273.2M outstanding shares.
- Due to failed vote, consent consideration on four note series (4.500% 2028, 3.400% 2030, 2.450% 2031, 3.200% 2051) will not be paid.
- Eighth Supplemental Indenture related to consent solicitation terminated in accordance with its terms.
- Four Class I directors elected: Quirk, Morgan, Miller, Rood each received >178.9M votes FOR; advisory say-on-pay and auditor ratification passed.