Aflac Incorporated (AFL, Financial) recently held its Annual Meeting of Shareholders on May 5, 2025, where several significant proposals were put to a vote. The shareholders approved all the proposals presented, which included the election of 11 members to the board of directors, a non-binding advisory proposal on the compensation of the company's named executive officers, and the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
The meeting saw a substantial turnout, with a total of 1,671,347,420 voting rights represented. The company's common stock entitled to vote at the meeting amounted to 545,814,600 shares, with a notable portion of these shares held by J&A Alliance Trust, representing 20% of the total voting power. The Trust is subject to specific voting restrictions as per the Shareholders Agreement, which mandates proportional voting in certain scenarios.
This meeting underscores Aflac's commitment to maintaining transparency and shareholder engagement, as evidenced by the approval of all proposals. For further details on the voting outcomes and the implications of these decisions, interested parties are encouraged to review the company's Proxy Statement.
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