--- schema_version: "secwatch.filing_event.v1" accession: "0001403161-23-000008" form_type: "8-K" ticker: "V" cik: "0001403161" company_name: "VISA INC." filed_at: "2023-01-25T23:59:59+00:00" generated_at: "2026-06-20T09:20:52.233721+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.3 calibrated_materiality_score: 0.15 confidence: "high" source: SEC EDGAR --- # Visa shareholders elect all 10 director nominees; approve say-on-pay and KPMG ratification ## Summary - All 10 director nominees elected with 93.9% to 99.5% of votes cast. - Advisory vote on executive compensation approved with 89.7% support. - Advisory vote on frequency: one year selected with 99.2%; Board adopts annual say-on-pay vote. - Ratification of KPMG as independent auditor for FY2023 approved with 98.4% of votes. - Stockholder proposal for independent board chair failed with 17.4% for, 75.7% against. ## SEC filing metadata - accession: 0001403161-23-000008 - form_type: 8-K - ticker: V - cik: 0001403161 - company_name: VISA INC. - filed_at: 2023-01-25T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.3 - calibrated_materiality_score: 0.15 - confidence: high - sec_items: 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/0001403161-23-000008-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/v-20230124.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001403161-23-000008 - JSON: https://secwatch.observer/filing/0001403161-23-000008.json - Plain text: https://secwatch.observer/filing/0001403161-23-000008.txt ## Key facts - Shareholder Votes VISA INC. shareholders approved Advisory vote on the frequency of future advisory votes to approve executive compensation at the 2023-01-24 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-01-24 source text: Proposal 3: Advisory vote on the frequency of future advisory votes to approve executive compensation: One Year: 1,237,711,436 99.2 % Two Years: 1,476,518 0.1 % Three Years: 8,754,461 0.7 % Abstentions: 1,519,889 Based on the results of this advisory vote, and consistent with the Board’s recommendation, the Board has determined to hold an advisory vote on executive compensation every year until the next required advisory vote on the frequency of future advisory votes on executive compensation. evidence_url: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/0001403161-23-000008-index.htm - Shareholder Votes VISA INC. shareholders approved Approval, on an advisory basis, of the compensation paid to our named executive officers at the 2023-01-24 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-01-24 source text: Proposal 2: Approval, on an advisory basis, of the compensation paid to our named executive officers: Votes For: 1,120,862,119 89.7 % Votes Against: 119,640,078 9.6 % Abstentions: 8,960,107 0.7 % Broker Non-Votes: 135,823,973 The proposal was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/0001403161-23-000008-index.htm - Shareholder Votes VISA INC. shareholders approved Election of ten director nominees at the 2023-01-24 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-01-24 source text: Proposal 1: Election of ten director nominees: Nominee Votes For % For Votes Against % Against Abstentions Broker Non-Votes Lloyd A. Carney 1,173,849,753 93.9 % 73,267,710 5.9 % 2,344,841 135,823,973 Kermit R. Crawford 1,243,509,987 99.5 % 4,716,367 0.4 % 1,235,950 135,823,973 Francisco Javier Fernández-Carbajal 1,216,681,658 97.4 % 31,709,059 2.5 % 1,071,587 135,823,973 Alfred F. Kelly, Jr. 1,210,372,657 96.9 % 38,021,962 3.0 % 1,067,685 135,823,973 Ramon Laguarta 1,234,875,423 98.8 % 13,499,973 1.1 % 1,086,908 135,823,973 Teri L. List 1,234,667,163 98.8 % 13,788,710 1.1 % 1,006,431 135,823,973 John F. Lundgren 1,229,224,445 98.4 % 19,182,400 1.5 % 1,055,459 135,823,973 Denise M. Morrison 1,217,665,850 97.5 % 30,651,781 2.5 % 1,144,673 135,823,973 Linda J. Rendle 1,238,761,234 99.1 % 9,706,915 0.8 % 994,155 135,823,973 Maynard G. Webb, Jr. 1,212,586,541 97.0 % 28,276,346 2.3 % 8,599,417 135,823,973 Each of the ten nominees was elected to the Company's Board of Directors, each to hold evidence_url: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/0001403161-23-000008-index.htm - Shareholder Votes VISA INC. shareholders rejected Stockholder proposal requesting an independent board chair policy at the 2023-01-24 meeting. - Outcome: failed - Meeting: 2023-01-24 source text: Proposal 5: Stockholder proposal requesting an independent board chair policy: Votes For: 217,632,303 17.4 % Votes Against: 945,671,501 75.7 % Abstentions: 86,158,500 6.9 % Broker Non-Votes: 135,823,973 The proposal was not approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/0001403161-23-000008-index.htm - Shareholder Votes VISA INC. shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year at the 2023-01-24 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-01-24 source text: Proposal 4: Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year: Votes For: 1,363,161,311 98.4 % Votes Against: 20,871,134 1.5 % Abstentions: 1,253,832 0.1 % The appointment was ratified. evidence_url: https://www.sec.gov/Archives/edgar/data/1403161/000140316123000008/0001403161-23-000008-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.