AIG Announces Results of its 2021 Annual Meeting of Shareholders

Rhea-AI Summary

At American International Group's (NYSE: AIG) Annual Meeting, shareholders elected thirteen directors and supported three proposals by the Board. Highlights include:

• Elected directors received significant votes, with James Cole, Jr. garnering 718 million votes for.
• Approved non-binding executive compensation with 535 million votes for.
• Passed the 2021 Omnibus Incentive Plan with 642 million votes for.
• Ratified PricewaterhouseCoopers as independent auditors with 732 million votes for.
• Rejected a shareholder proposal to lower the threshold for special meetings.

Positive

• Thirteen directors elected with strong support, enhancing governance.
• Executive compensation plan approved, indicating shareholder confidence.
• New Omnibus Incentive Plan passed, promoting employee incentives.
• Independent auditing firm ratified, ensuring financial oversight.

Negative

• Shareholder proposal to reduce the threshold for calling special meetings was rejected, limiting shareholder influence.

Shareholders of American International Group, Inc. (NYSE: AIG) yesterday elected thirteen directors at the company's Annual Meeting of Shareholders. Shareholders also voted to support each of the three other proposals recommended by the AIG Board of Directors (the “Board”) and, as the Board recommended, shareholders withheld support for the shareholder proposal included in the 2021 Proxy Statement.

The results were as follows:

(1) Elected thirteen directors as follows:

Nominee	Votes For	Votes Against
James Cole, Jr.	718,943,381	2,114,247
W. Don Cornwell	625,408,135	95,653,756
Brian Duperreault	646,261,897	74,859,571
John H. Fitzpatrick	656,495,635	64,622,947
William G. Jurgensen	646,488,575	74,611,474
Christopher S. Lynch	593,001,212	128,070,756
Linda A. Mills	647,302,420	73,804,468
Thomas F. Motamed	647,022,837	74,067,375
Peter R. Porrino	658,310,179	62,745,626
Amy L. Schioldager	649,522,109	71,574,504
Douglas M. Steenland	619,568,911	101,538,180
Therese M. Vaughan	647,307,668	73,793,477
Peter S. Zaffino	716,525,098	4,587,973

(2) Approved a non-binding advisory resolution to approve executive compensation by a vote of 535,112,822 shares for and 185,845,929 shares against.

(3) Approved the American International Group, Inc. 2021 Omnibus Incentive Plan by a vote of 642,418,959 shares for, 78,600,522 shares against and 297,757 abstentions.

(4) Approved ratification of the selection of PricewaterhouseCoopers LLP as AIG's independent registered public accounting firm for 2021 by a vote of 731,836,196 shares for and 23,164,549 shares against.

(5) Withheld support for a shareholder proposal calling for the Board to take steps to amend the AIG By-Laws to reduce the threshold for shareholders eligible to call special meetings – from shareholders who hold at least 25 percent of AIG’s outstanding common stock to shareholders who hold at least 10 percent of AIG’s outstanding common stock – by a vote of 273,320,899 shares for and 447,582,660 shares against.

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in approximately 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513006062/en/

FAQ

What were the results of the AIG Annual Meeting?

During the AIG Annual Meeting, thirteen directors were elected, and several proposals were approved, including executive compensation and the 2021 Omnibus Incentive Plan.

Which directors were elected at the AIG Annual Meeting?

Thirteen directors were elected, including James Cole, Jr. who received the highest votes of 718 million.

What proposals did AIG shareholders support?

Shareholders supported the executive compensation plan, the 2021 Omnibus Incentive Plan, and the ratification of PricewaterhouseCoopers as auditors.

What was the outcome of the shareholder proposal at AIG?

The shareholder proposal to lower the threshold for special meetings was rejected, with 447 million votes against.

How many votes did AIG receive for its executive compensation plan?

The executive compensation plan received 535 million votes in favor at the AIG Annual Meeting.