secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001564590-23-007443
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln National shareholders approve 4.5M share increase to incentive plan; board size reduced to 11
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- Shareholders approved Amendment No. 2 to 2020 Incentive Compensation Plan, increasing authorized shares from 7.05M to 11.55M.
- Board reduced from 13 to 11 members via Bylaw amendment effective May 25, 2023.
- All 11 director nominees elected; Ernst & Young ratified as auditor with 133.6M votes for.
- Two non-binding shareholder proposals (independent board chair, ratification of exec termination pay) failed.
- Advisory say-on-pay resolution approved with 92.9M votes for (78.5% of votes cast); one-year frequency approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000156459023007443/0001564590-23-007443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000156459023007443/lnc-8k_20230525.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-007443

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