MARSH & MCLENNAN COMPANIES, INC. — fact timeline

MARSH & MCLENNAN COMPANIES, INC. incurred credit facility of $4.25 billion with Citibank, N.A. at Term SOFR plus a fixed margin which varies with the Company's credit ratings maturing June 2031.

“On June 2, 2026, Marsh & McLennan Companies, Inc. (the “Company”) and certain of its domestic and foreign subsidiaries entered into a new Amended and Restated 5 Year Credit Agreement, dated as of June 2, 2026, among the Company, as borrower, the designated subsidiaries party thereto as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto (the “Credit Agreement”). The Credit Agreement provides for a multi-currency unsecured $4.25 billion five-year revolving credit facility (the “New Facility”).”

MARSH & MCLENNAN COMPANIES, INC. terminated Amended and Restated 5 Year Credit Agreement with Citibank, N.A., as administrative agent, and the lenders from time to time party thereto valued at $3.5 billion (effective 2026-06-02).

“In connection with the New Facility, on June 2, 2026, the Company terminated its multi-currency unsecured $3.5 billion five-year revolving credit facility under the Amended and Restated 5 Year Credit Agreement, dated as of October11, 2023, among the Company, as borrower, the designated subsidiaries party thereto, as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto.”

MARSH & MCLENNAN COMPANIES, INC. entered into Amended and Restated 5 Year Credit Agreement with Citibank, N.A., as administrative agent, and the lenders from time to time party thereto valued at $4.25 billion (effective 2026-06-02).

“On June 2, 2026, Marsh & McLennan Companies, Inc. (the “Company”) and certain of its domestic and foreign subsidiaries entered into a new Amended and Restated 5 Year Credit Agreement, dated as of June 2, 2026, among the Company, as borrower, the designated subsidiaries party thereto as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto (the “Credit Agreement”).”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2026 at the 2026-05-21 meeting.

“The Company’s stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026, with the following vote:”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Advisory vote on compensation of named executive officers at the 2026-05-21 meeting.

“The Company’s stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company’s 2026 Proxy Statement, with the following vote:”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Election of thirteen director nominees to a one-year term at the 2026-05-21 meeting.

“The Company’s stockholders elected the thirteen (13) director nominees named below to a one-year term expiring at the 2027 annual meeting or until their successors are elected and qualified, with each receiving the following votes:”

MARSH & MCLENNAN COMPANIES, INC. reported first quarter ended March 31, 2026 results: revenue $7.6 billion, net income $1.1 billion, EPS $2.36.

“Consolidated revenue in the first quarter of 2026 was $7.6 billion, an increase of 8% compared with the first quarter of 2025, or 4% on an underlying basis.”

MARSH & MCLENNAN COMPANIES, INC.: Adopted amended and restated bylaws to update provisions reflecting DGCL amendments, update advance notice requirements, clarify voting standard and chair authority (effective 2026-01-14).

“On and effective January 14, 2026, the Board of Directors of Marsh & McLennan Companies, Inc. (the “Company”) approved amended and restated bylaws of the Company (the “Amended and Restated Bylaws”). Among other things the amendments (i) update and conform various provisions to reflect the latest amendments to the Delaware General Corporation Law (the “DGCL”), including related to the stockholder list and quorum for committee meetings, (ii) update certain procedural and informational requirements under the advance notice provisions related to director nominations and other proposals, including related to the requirement to provide certain disclosures and information to the Company, the number of nominees the stockholder can nominate and reflecting the universal proxy rules under Rule 14a-19, (iii) clarify the voting standard for matters submitted to the stockholders and (iv) clarify the authority of the chair of the meeting of stockholders.”

MARSH & MCLENNAN COMPANIES, INC. completed an acquisition involving TIH Blocker II, Inc. (McGriff Parent) for $7.75 billion in cash (closed 2024-11-15).

“On November 15, 2024, Marsh & McLennan Agency LLC (“MMA”), an indirect wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (the “Company”), consummated the previously announced acquisition of TIH Blocker II, Inc., a Delaware corporation (the “McGriff Parent”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) dated as of September 29, 2024, among the Company, BD Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of MMA (“Merger Sub”) and TIH Platform Midco, L.P., a Delaware limited partnership (“Company Stockholder”) for an aggregate purchase price of $7.75 billion in cash, subject to certain customary adjustments as set forth in the Merger Agreement.”

Jan Siegmund was appointed as independent member of the Board at MARSH & MCLENNAN COMPANIES, INC..

“On July 10, 2024, the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) appointed Jan Siegmund, age 60, as an independent member of the Board, effective immediately.”

MARSH & MCLENNAN COMPANIES, INC. shareholders rejected Stockholder proposal regarding action by written consent at the 2024-05-16 meeting.

“The Company’s stockholders did not approve the stockholder proposal regarding action by written consent, with the following vote: Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained Broker Non-Votes 200,067,525 218,449,092 2,335,880 26,633,436”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2024 at the 2024-05-16 meeting.

“The Company’s stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024, with the following vote: Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained Broker Non-Votes 415,721,470 30,135,463 1,629,000 N/A”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Nonbinding vote to approve compensation of named executive officers at the 2024-05-16 meeting.

“The Company’s stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company’s 2024 Proxy Statement, with the following vote: Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained Broker Non-Votes 390,338,237 29,587,334 926,926 26,633,436”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Election of eleven director nominees to a one-year term at the 2024-05-16 meeting.

“The Company’s stockholders elected the eleven (11) director nominees named below to a one-year term expiring at the 2025 annual meeting or until their successors are elected and qualified, with each receiving the following votes”

MARSH & MCLENNAN COMPANIES, INC. reported first quarter ended March 31, 2024 results: revenue $6.5 billion, net income $1.4 billion, EPS $2.82.

“dedication as they focus on helping our clients thrive in a complex and dynamic environment." Consolidated Results Consolidated revenue in the first quarter of 2024 was $6.5 billion, an increase of 9% compared with the first quarter of 2023. On an underlying basis, revenue increased 9%. Operating income rose 12% to $1.9 billion. Adjusted operating income,”

Bruce P. Nolop departed as member of the board of directors at MARSH & MCLENNAN COMPANIES, INC..

“On March 8, 2024, Bruce P. Nolop, a member of the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) since 2008, informed the Company of his intention to retire from the Board at the 2024 annual meeting of stockholders.”

MARSH & MCLENNAN COMPANIES, INC. entered into Supplemental Indenture with The Bank of New York Mellon, as trustee (effective 2024-02-20).

“The Notes were issued on February 20, 2024 pursuant to the Indenture dated July 15, 2011, by and between the Company and The Bank of New York Mellon, as trustee (the “Trustee”), filed as Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as supplemented by the Eighteenth Supplemental Indenture (the “Supplemental Indenture”), dated as of February 20, 2024, by and between the Company and the Trustee, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.”

MARSH & MCLENNAN COMPANIES, INC. entered into underwriting agreement with J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC, as representatives of the several underwriters named therein valued at $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2034 and $500,000,000 aggrega (effective 2024-02-14).

“On February 14, 2024, Marsh & McLennan Companies, Inc. (the “Company”) entered into an underwriting agreement (attached hereto as Exhibit 1.1 and incorporated herein by reference) with J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Company $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2034 (the “2034 Notes”) and $500,000,000 aggregate principal amount of its 5.450% Senior Notes due 2054 (the “2054 Notes,” and together with the 2034 Notes, the “Notes”).”

Raymond G. Young departed as Director at MARSH & MCLENNAN COMPANIES, INC..

“On February 5, 2024, Raymond G. Young, a member of the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”), informed the Company of his intention not to stand for re-election at the Company’s 2024 annual meeting of stockholders on May 16, 2024.”

MARSH & MCLENNAN COMPANIES, INC. reported the year ended December 31, 2023 results: revenue $22.7 billion, net income $3.8 billion, EPS $7.53.

“to the Company was $756 million. Earnings per share increased 63% to $1.52. Adjusted earnings per share increased 14% to $1.68. 1 For the full year 2023, revenue was $22.7 billion, an increase of 10% compared with 2022, or 9% on an underlying basis. Operating income was $5.3 billion, and adjusted operating income rose 17% to $5.6 billion. Net income”

MARSH & MCLENNAN COMPANIES, INC. reported the fourth quarter ended December 31, 2023 results: revenue $5.6 billion, net income $756 million, EPS $1.52.

“Consolidated revenue in the fourth quarter of 2023 was $5.6 billion”

MARSH & MCLENNAN COMPANIES, INC. reported third quarter ended September 30, 2023 results: revenue $5.4 billion, net income $730 million, or $1.47 per diluted share, EPS $1.47 per diluted share.

“future." "With our performance through the third quarter, we are on track for another terrific year." Consolidated Results Consolidated revenue in the third quarter of 2023 was $5.4 billion, an increase of 13% compared with the third quarter of 2022. On an underlying basis, revenue increased 10%. Operating income was $996 million, an increase of 26% from a year ago.”

Martine Ferland departed as President and Chief Executive Officer of Mercer at MARSH & MCLENNAN COMPANIES, INC..

“On October 9, 2023, Martine Ferland informed Marsh & McLennan Companies, Inc. (the “Company”) of her intention to retire as Mercer’s President and Chief Executive Officer on March 31, 2024.”

MARSH & MCLENNAN COMPANIES, INC. entered into underwriting agreement with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., as representatives of the several underwriters named therein valued at $600,000,000 aggregate principal amount of its 5.400% Senior Notes due 2033 and $1,000,000,000 aggre (effective 2023-09-06).

“On September 6, 2023, Marsh & McLennan Companies, Inc. (the “Company”) entered into an underwriting agreement (attached hereto as Exhibit 1.1 and incorporated herein by reference) with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Company $600,000,000 aggregate principal amount of its 5.400% Senior Notes due 2033 (the “2033 Notes”) and $1,000,000,000 aggregate principal amount of its 5.700% Senior Notes due 2053 (the “2053 Notes,” and together with the 2033 Notes, the “Notes”).”

MARSH & MCLENNAN COMPANIES, INC. reported the second quarter ended June 30, 2023 results: revenue $5.9 billion, net income $1.0 billion, or $2.07 per diluted share, EPS $2.20 per diluted share.

“of our position, the value we deliver to our clients, and terrific execution by our colleagues." Consolidated Results Consolidated revenue in the second quarter of 2023 was $5.9 billion, an increase of 9% compared with the second quarter of 2022. On an underlying basis, revenue increased 11%. Operating income was $1.5 billion, an increase of 7% from a year ago.”

Hafize Gaye Erkan resigned as director at MARSH & MCLENNAN COMPANIES, INC..

“Hafize Gaye Erkan, a member of the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) since early 2022, resigned from the Board effective June 12, 2023.”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Ratification of Deloitte & Touche LLP as independent auditor at the 2023-05-18 meeting.

“The Company’s stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023, with the following vote:”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Recommendation on frequency of advisory say-on-pay vote at the 2023-05-18 meeting.

“The Company’s stockholders recommended, by nonbinding vote, that a stockholder vote to approve the compensation of the Company's named executive officers should occur every year, with the following vote: 2 Number of Shares Voted 1 YEAR Number of Shares Voted 2 YEARS Number of Shares Voted 3 YEARS Number of Shares Abstained Broker Non-Votes 419,245,267 303,547 4,167,737 526,866 27,150,150”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Advisory vote to approve executive compensation at the 2023-05-18 meeting.

“The Company’s stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company’s 2023 Proxy Statement, with the following vote:”

MARSH & MCLENNAN COMPANIES, INC. shareholders approved Election of 14 director nominees at the 2023-05-18 meeting.

“The Company’s stockholders elected the fourteen (14) director nominees named below to a one-year term expiring at the 2024 annual meeting or until their successors are elected and qualified, with each receiving the following votes:”

MARSH & MCLENNAN COMPANIES, INC. reported first quarter ended March 31, 2023 results: revenue $5.9 billion, net income $1.2 billion, EPS $2.47 per diluted share.

“Consolidated revenue in the first quarter of 2023 was $5.9 billion, an increase of 7% compared with the first quarter of 2022. On an underlying basis, revenue increased 9%. Operating income was $1.7 billion, an increase of 19% from the prior year. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 13% to $1.8 billion. Net income attributable to the Company was $1.2 billion, or $2.47 per diluted share, compared with $2.10 in the first quarter of 2022. Adjusted earnings per share rose 10% to $2.53 per diluted share compared with $2.30 a year ago.”

Ray G. Young was appointed as Director at MARSH & MCLENNAN COMPANIES, INC..

“On March 29, 2023, the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) appointed Judith Hartmann, age 53, and Ray G. Young, age 61, as independent members of the Board, effective immediately.”

Judith Hartmann was appointed as Director at MARSH & MCLENNAN COMPANIES, INC..

“On March 29, 2023, the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) appointed Judith Hartmann, age 53, and Ray G. Young, age 61, as independent members of the Board, effective immediately.”

MARSH & MCLENNAN COMPANIES, INC. entered into Underwriting Agreement with Barclays Capital Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC valued at $600 million aggregate principal amount of its 5.450% Senior Notes due 2053 (effective 2023-03-06).

“On March 6, 2023, Marsh & McLennan Companies, Inc. (the “Company”) entered into an underwriting agreement (attached hereto as Exhibit 1.1 and incorporated herein by reference) with Barclays Capital Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Company $600 million aggregate principal amount of its 5.450% Senior Notes due 2053 (the “Notes”).”

MARSH & MCLENNAN COMPANIES, INC. reported the year ended December 31, 2022 results: revenue $20.7 billion, net income $3.0 billion, EPS $6.04.

“For the year 2022, revenue was $20.7 billion, an increase of 5% compared with 2021, or 9% on an underlying basis. Operating income was $4.3 billion, and adjusted operating income rose 11% to $4.8 billion. Net income attributable to the Company was $3.0 billion. Earnings per share decreased 1% to $6.04. Adjusted earnings per share increased 11% to $6.85 compared with $6.17 in 2021.”

MARSH & MCLENNAN COMPANIES, INC. reported the fourth quarter ended December 31, 2022 results: revenue $5.0 billion, net income $466 million, EPS $0.93 per diluted share.

“Consolidated revenue in the fourth quarter of 2022 was $5.0 billion, a decrease of 2% compared with the fourth quarter of 2021, or an increase of 7% on an underlying basis. Operating income was $680 million compared with $986 million in the prior year period. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 13% to $1.0 billion, compared with $905 million in the prior year period. Net income attributable to the Company was $466 million, or $0.93 per diluted share, compared with $1.57 in the fourth quarter of 2021. Adjusted earnings per share was $1.47, compared with $1.36 for the prior year period.”

MARSH & MCLENNAN COMPANIES, INC. entered into Fifteenth Supplemental Indenture with The Bank of New York Mellon (effective 2022-10-31).

“The Notes were issued on October 31, 2022 pursuant to the Indenture dated July 15, 2011, by and between the Company and The Bank of New York Mellon, as trustee (the “Trustee”), filed as Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as supplemented by the Fifteenth Supplemental Indenture (the “Supplemental Indenture”), dated as of October 31, 2022, by and between the Company and the Trustee, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.”

MARSH & MCLENNAN COMPANIES, INC. entered into Underwriting Agreement with Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters valued at $500 million aggregate principal amount of its 5.750% Senior Notes due 2032 and $500 million aggrega (effective 2022-10-24).

“On October 24, 2022, Marsh & McLennan Companies, Inc. (the “Company”) entered into an underwriting agreement (attached hereto as Exhibit 1.1 and incorporated herein by reference) with Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Company $500 million aggregate principal amount of its 5.750% Senior Notes due 2032 (the “2032 Notes”) and $500 million aggregate principal amount of its 6.250% Senior Notes due 2052 (the “2052 Notes” and, together with the 2032 Notes, the “Notes”).”

John Q. Doyle was appointed as Director at MARSH & MCLENNAN COMPANIES, INC..

“In addition, Mr. Doyle will become a director of the Company effective January 1, 2023.”

John Q. Doyle was appointed as President and Chief Executive Officer at MARSH & MCLENNAN COMPANIES, INC..

“In addition, on September 23, 2022, the Board named John Q. Doyle, 58, currently the Company’s Group President and Chief Operating Officer, as Mr. Glaser’s successor and he will become President and Chief Executive Officer, effective January 1, 2023.”

Daniel S. Glaser departed as President and Chief Executive Officer at MARSH & MCLENNAN COMPANIES, INC..

“On September 23, 2022, Daniel S. Glaser, 62, informed the Board of Directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) of his intention to retire as the Company’s President and Chief Executive Officer at the end of the year.”

Hafize Gaye Erkan was appointed as independent member of the Board at MARSH & MCLENNAN COMPANIES, INC..

“On February 11, 2022, the board of directors (the “Board”) of Marsh & McLennan Companies, Inc. (the “Company”) appointed Hafize Gaye Erkan, age 42, as an independent member of the Board, effective March 1, 2022.”

Peter Hearn changed role as Vice Chair at MARSH & MCLENNAN COMPANIES, INC..

“Effective January 1, 2022, Mr. Hearn will no longer serve as the President and Chief Executive Officer of Guy Carpenter.”

Dean Klisura was appointed as President and Chief Executive Officer of Guy Carpenter at MARSH & MCLENNAN COMPANIES, INC..

“Dean Klisura will be appointed President and Chief Executive Officer of Guy Carpenter and Vice Chair of the Company, effective January 1, 2022”

Martin South was appointed as President and Chief Executive Officer of Marsh LLC at MARSH & MCLENNAN COMPANIES, INC..

“Martin South, President of Marsh US and Canada, will succeed Mr. Doyle as President and Chief Executive Officer of Marsh LLC, effective January 1, 2022.”

John Doyle was appointed as Group President and Chief Operating Officer at MARSH & MCLENNAN COMPANIES, INC..

“John Doyle, 57, will be appointed Group President and Chief Operating Officer.”