LINCOLN NATIONAL CORP shareholders rejected Non-Binding Shareholder Proposal Regarding Independent Board Chair at the 2026-05-28 meeting.
“The non-binding shareholder proposal to amend the Company’s corporate governance documents to require an independent board chairman was not approved based on the following votes: For Against Abstentions Broker Non-Votes 40,910,999 102,198,953 942,785 27,410,909”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Advisory Resolution on Executive Compensation at the 2026-05-28 meeting.
“The proposal to approve an advisory resolution regarding the compensation paid to the Company’s named executive officers, as disclosed in the Company’s 2026 Proxy Statement, was approved based on the following votes: For Against Abstentions Broker Non-Votes 101,944,594 41,153,657 954,486 27,410,909”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Ratification of Independent Auditor at the 2026-05-28 meeting.
“The proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent auditor for 2026 was approved based on the following votes: For Against Abstentions 167,591,614 3,365,510 506,522”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Election of Directors at the 2026-05-28 meeting.
“The ten nominees for election to the Board were elected, each for a term expiring at the Company’s 2027 Annual Meeting of Shareholders, based upon the following votes: Director Nominee For Against Abstentions Broker Non-Votes Deirdre P. Connelly 139,549,226 4,214,652 288,859 27,410,909”
Earnings Releases
LINCOLN NATIONAL CORP reported first quarter ended March 31, 2026 results: net income Net income (loss) available to common stockholders — diluted $(211), EPS $(1.10) per diluted share.
“31, 2026. • Sustained progress against strategic and financial objectives drove solid first quarter performance. • First quarter net loss available to common stockholders was $(211) million, or $(1.10) per diluted share. • First quarter adjusted operating income available to common stockholders was $326 million, or $1.66 per diluted share. ◦ The difference”
Material Agreements
LINCOLN NATIONAL CORP entered into Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the other lenders named therein valued at $2.0 billion (effective 2026-03-27).
“On March 27, 2026, Lincoln National Corporation (the “Company”) entered into an amended and restated credit agreement with a syndicate of banks, including Bank of America, N.A., as administrative agent, and the other lenders named therein (the “Third Amended and Restated Credit Agreement”).”
Governance Changes
LINCOLN NATIONAL CORP: Decreased the number of authorized Board members from eleven to ten in Article II, Section 1 of the Bylaws (effective 2025-05-22).
“On May 22, 2025, the Company’s Board of Directors (the “Board”) approved an amendment to the Amended and Restated Bylaws of the Company (the “Bylaws”), effective the same date, to modify the language in Article II, Section 1 of the Bylaws to decrease the number of authorized Board members from eleven to ten.”
Debt Financings
LINCOLN NATIONAL CORP incurred senior notes of $500,000,000 aggregate principal amount with Belrose Funding Trust at 2.330% maturing 2030.
“On May 15, 2025, the Company issued $500,000,000 aggregate principal amount of its 2.330% Senior Notes due 2030 (CUSIP No. 534187 BM0) (the "2.330% Notes due 2030") to Trust I in exchange for the principal and interest strips of U.S. Treasury securities held by Trust I (the "Trust I Eligible Assets").”
Governance Changes
LINCOLN NATIONAL CORP: Increased number of authorized Board members from ten to eleven by amending Article II, Section 1 of the Bylaws (effective 2025-03-03).
“The Board approved an amendment to the Amended and Restated Bylaws of the Company (the “Bylaws”), effective March 3, 2025, to modify the language in Article II, Section 1 of the Bylaws to increase the number of authorized Board members from ten to eleven.”
James Morris was elected as Director at LINCOLN NATIONAL CORP.
“On March 3, 2025, the Board of Directors (the “Board”) of Lincoln National Corporation (the “Corporation” or “LNC”) approved an increase to the size of the Board effective the same date (as further discussed below under Item 5.03) and elected James Morris to serve as a new director on the Board effective March 3, 2025, for a term to end at the Corporation’s 2025 Annual Meeting of Shareholders.”
Governance Changes
LINCOLN NATIONAL CORP: Decreased number of authorized Board members from eleven to ten by amending Article II, Section 1 of the Bylaws (effective 2025-01-31).
“The Board approved an amendment to the Amended and Restated Bylaws of the Company (the “Bylaws”), effective January 31, 2025, to modify the language in Article II, Section 1 of the Bylaws to decrease the number of authorized Board members from eleven to ten.”
Janet Liang resigned as Director at LINCOLN NATIONAL CORP.
“On January 30, 2025, Janet Liang submitted to the Lincoln National Corporation (the "Company") Board of Directors (the "Board") her resignation from her position as a director on the Board, with such resignation to be effective immediately.”
Matthew Grove departed as named executive officer at LINCOLN NATIONAL CORP.
“Effective May 15, 2024, Matthew Grove, a named executive officer who was previously responsible for the Lincoln National Corporation (“Company”) wealth management business and led the Company’s Life and Annuities businesses, ceased to be an executive officer of the Company.”
Earnings Releases
LINCOLN NATIONAL CORP reported the first quarter ended March 31, 2024 results: net income $1.2 billion, EPS $6.93 per diluted share.
“Lincoln Financial Group (NYSE: LNC) today reported financial results for the first quarter ended March 31, 2024. • Net income available to common stockholders was $1.2 billion, or $6.93 per diluted share.”
Earnings Releases
LINCOLN NATIONAL CORP reported financial results for the full year ended December 31, 2023.
“Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2023”
Earnings Releases
LINCOLN NATIONAL CORP reported the fourth quarter ended December 31, 2023 results: net income $(1.2) billion, or $(7.35) per diluted share, EPS $(7.35) per diluted share.
“Net loss available to common stockholders was $(1.2) billion, or $(7.35) per diluted share.”
Material Agreements
LINCOLN NATIONAL CORP amended Second Amended and Restated Credit Agreement with a syndicate of banks, including Bank of America, N.A., as administrative agent valued at $2.0 billion (effective 2023-12-21).
“On December 21, 2023, Lincoln National Corporation (the “Company”) entered into an amended and restated credit agreement with a syndicate of banks, including Bank of America, N.A., as administrative agent, and the other lenders named therein (the “Second Amended and Restated Credit Agreement”).”
Earnings Releases
LINCOLN NATIONAL CORP reported financial results for the quarter ended September 30, 2023.
“On November 1, 2023, Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023”
Governance Changes
LINCOLN NATIONAL CORP: Increased the number of authorized Board members from eleven to twelve by amending Article II, Section 1 of the Bylaws (effective 2023-09-11).
“On September 11, 2023, the Corporation’s Board approved an amendment to the Amended and Restated Bylaws of the Corporation (the “Bylaws”), effective the same date, to modify the language in Article II, Section 1 of the Bylaws to increase the number of authorized Board members from eleven to twelve.”
Owen Ryan was elected as director at LINCOLN NATIONAL CORP.
“elected Owen Ryan to serve as a new director on the Board effective September 11, 2023”
Governance Changes
LINCOLN NATIONAL CORP: decreased the number of authorized Board members from thirteen to eleven (effective 2023-05-25).
“On May 25, 2023, the Company’s Board of Directors (the “Board”) approved an amendment to the Amended and Restated Bylaws of the Company (the “Bylaws”), effective May 25, 2023, to modify the language in Article II, Section 1 of the Bylaws to decrease the number of authorized Board members from thirteen to eleven.”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders rejected Non-Binding Shareholder Proposal Regarding Ratification of Executive Termination Pay at the 2023-05-25 meeting.
“Item 7. Non-Binding Shareholder Proposal Regarding Ratification of Executive Termination Pay The non-binding shareholder proposal requesting that the Board seek shareholder approval or ratification of new or renewed executive pay packages that provide for severance or termination payments with an estimated value exceeding 2.99 times the sum of the executive’s base salary plus short-term bonus was not approved based on the following votes:”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders rejected Non-Binding Shareholder Proposal Regarding Independent Board Chair at the 2023-05-25 meeting.
“Item 6. Non-Binding Shareholder Proposal Regarding Independent Board Chair The non-binding shareholder proposal to amend the Company’s corporate governance documents to require an independent board chair was not approved based on the following votes:”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan at the 2023-05-25 meeting.
“Item 5. Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan The proposal to approve the Amendment to the 2020 Plan was approved based on the following votes:”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Advisory Proposal Regarding Frequency of Future Advisory Resolutions on Executive Compensation at the 2023-05-25 meeting.
“Item 4. Advisory Proposal Regarding Frequency of Future Advisory Resolutions on Executive Compensation A one-year frequency was approved, on an advisory basis, with respect the proposal regarding the frequency (every one, two or three years) of future advisory resolutions on the compensation of the Company’s named executive officers, based on the following votes:”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Advisory Resolution on Executive Compensation at the 2023-05-25 meeting.
“Item 3. Advisory Resolution on Executive Compensation The proposal to approve an advisory resolution regarding the compensation paid to the Company’s named executive officers, as disclosed in the Company’s 2023 Proxy Statement, was approved based on the following votes:”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Ratification of Auditors at the 2023-05-25 meeting.
“Item 2. Ratification of Auditors The proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent auditor for 2023 was approved based on the following votes:”
Shareholder Votes
LINCOLN NATIONAL CORP shareholders approved Election of Directors at the 2023-05-25 meeting.
“Item 1. Election of Directors The eleven nominees for election to the Board were elected, each for a term expiring at the Company’s 2024 Annual Meeting of Shareholders, based upon the following votes:”
Earnings Releases
LINCOLN NATIONAL CORP reported first quarter of 2023 results: net income net loss available to common stockholders for the first quarter of 2023 of $(909) million, EPS $(5.37) per diluted share.
“Lincoln Financial Group (NYSE: LNC) today reported a net loss available to common stockholders for the first quarter of 2023 of $(909) million, or $(5.37) per diluted share, compared to net income available to common stockholders in the first quarter of 2022 of $1,481 million, or $8.39 per diluted share.”
Earnings Releases
LINCOLN NATIONAL CORP reported first quarter 2023 results: net income between $250 and $265 million, EPS $1.47 to $1.56 per diluted share.
“Estimated net loss available to common stockholders of between ($919) and ($904) million, or ($5.43) to ($5.34) per diluted share.”
Earnings Releases
LINCOLN NATIONAL CORP updated its guidance (reaffirmed).
“Item 2.02. Results of Operations and Financial Condition. The preliminary financial information in the section Preliminary Estimated Impact of the Reinsurance Transaction Restatement in Item 7.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.02. Company Confirms 2023 Outlook The restatement and other matters discussed in Item 4.02 of this Current Report on Form 8-K do not affect our previously communicated 2023 outlook.”
Auditor Changes
LINCOLN NATIONAL CORP reported that prior financial statements should not be relied upon.
“on March 21, 2023, the Board of Directors of the Company, after discussion with the Audit Committee, our senior leadership and independent registered public accounting firm, Ernst & Young LLP ("EY"), determined that our audited consolidated financial statements as of and for the annual periods ended December 31, 2021 and December 31, 2022 and for the quarterly periods ended March 31, June 30 and September 30, 2022 (together, the "Prior Financial Statements") included in the associated Form 10-K filings and Form 10-Q filings with the Securities and Exchange Commission ("SEC"), should no longer be relied upon solely as a result of the above-described accounting treatment with respect to timing for the recognition of investment gains related to the reinsurance transaction with Resolution Life and will require restatement, and EY concurred.”
Christopher Neczypor was appointed as Chief Financial Officer at LINCOLN NATIONAL CORP.
“On February 15, 2023, the Compensation Committee of the Board approved the compensation for the Company’s new Chief Financial Officer, Christopher Neczypor, who assumed the role effective February 17, 2023, as previously disclosed on a Current Report on Form 8-K filed by the Company on February 8, 2023.”
Earnings Releases
LINCOLN NATIONAL CORP reported financial results for the quarter and full year ended December 31, 2022.
“On February 8, 2023, Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2022”
Randal J. Freitag departed as Executive Vice President, Chief Financial Officer at LINCOLN NATIONAL CORP.
“Mr. Freitag will continue to serve as an advisor to Mr. Neczypor until his departure from the Company on March 31, 2023.”
Christopher Neczypor was appointed as Executive Vice President, Chief Financial Officer at LINCOLN NATIONAL CORP.
“On February 8, 2023, Lincoln National Corporation (the “Company”) announced that Christopher Neczypor will be appointed Executive Vice President, Chief Financial Officer, effective February 17, 2023.”
Governance Changes
LINCOLN NATIONAL CORP: Established the preferences, limitations and relative rights of the Series C Preferred Stock and Series D Preferred Stock via Articles of Amendment (effective 2022-11-18).
“On November 18, 2022, we filed Articles of Amendment with the Secretary of State of the State of Indiana to establish the preferences, limitations and relative rights of the Series C Preferred Stock and Series D Preferred Stock.”
Earnings Releases
LINCOLN NATIONAL CORP reported quarter ended September 30, 2022 results: net income Net loss per share of $(15.17), EPS $(15.17) per diluted share available to common stockholders.
“Lincoln Financial Group reports THIRD Quarter 2022 Results”
Randal J. Freitag changed role as Interim Chief Accounting Officer at LINCOLN NATIONAL CORP.
“Effective the same date, Randal J. Freitag ceased to serve as the Corporation’s Interim Chief Accounting Officer.”
Adam Cohen was appointed as Chief Accounting Officer at LINCOLN NATIONAL CORP.
“On March 7, 2022, Lincoln National Corporation (the “Corporation” or “LNC) announced that Adam Cohen has been named to serve as Chief Accounting Officer for the Corporation.”
Randal J. Freitag was appointed as Interim Chief Accounting Officer at LINCOLN NATIONAL CORP.
“On September 10, 2021, Lincoln National Corporation (the “Corporation”) appointed Randal J. Freitag, Executive Vice President, Chief Financial Officer and Head of Individual Life, to the role of Interim Chief Accounting Officer effective the same date.”
Christine A. Janofsky resigned as Senior Vice President and Chief Accounting Officer at LINCOLN NATIONAL CORP.
“On August 26, 2021, Christine A. Janofsky, Senior Vice President and Chief Accounting Officer, notified Lincoln National Corporation (the “Company”) of her resignation from the Company effective September 10, 2021.”
William H. Cunningham was appointed as independent Lead Director at LINCOLN NATIONAL CORP.
“William H. Cunningham will relinquish the role of Chairman and assume the role of independent Lead Director, effective following the 2022 Annual Meeting.”
William H. Cunningham departed as Chairman at LINCOLN NATIONAL CORP.
“William H. Cunningham will relinquish the role of Chairman and assume the role of independent Lead Director, effective following the 2022 Annual Meeting.”
Ellen G. Cooper was appointed as President and CEO at LINCOLN NATIONAL CORP.
“The Board determined that Ellen G. Cooper will become the president and CEO, effective following the 2022 Annual Meeting.”
Dennis R. Glass was appointed as Chairman at LINCOLN NATIONAL CORP.
“He will continue his service on the Board and assume the role of Chairman following the 2022 Annual Meeting.”
Janet Liang was elected as Director at LINCOLN NATIONAL CORP.
“elected Dale LeFebvre and Janet Liang to serve as new directors on the Board effective November 1, 2021”
Dale LeFebvre was elected as Director at LINCOLN NATIONAL CORP.
“elected Dale LeFebvre and Janet Liang to serve as new directors on the Board effective November 1, 2021”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.