Genworth Financial Announces Results of Annual Meeting

Rhea-AI Summary

Genworth Financial (GNW) held its 2020 annual stockholders' meeting, where all nine nominated directors were re-elected. New independent director Karen E. Dyson, a retired U.S. Army lieutenant general, joined the board. Stockholders approved an advisory vote on executive compensation and ratified KPMG LLP as the company's accounting firm for 2020. Genworth, a Fortune 500 insurance holding company, focuses on mortgage and long-term care insurance, aiming to assist families with homeownership and aging financial challenges.

Positive

• Election of all nine nominated directors strengthens governance.
• Appointment of Karen E. Dyson as a new independent director enhances board diversity and expertise.
• Approval of advisory vote on executive compensation signals shareholder confidence.
• KPMG LLP ratified as independent accounting firm, ensuring financial oversight.

Negative

• None.

RICHMOND, Va., Dec. 10, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced the election of all nine directors nominated at its 2020 annual meeting of stockholders today.  The board members re-elected were G. Kent Conrad, Melina E. Higgins, Thomas J. McInerney, David M. Moffett, Thomas E. Moloney, Debra J. Perry, Robert P. Restrepo Jr. and James S. Riepe, while Karen E. Dyson was elected today as a new independent director.  Lieutenant General Dyson, U.S. Army, Retired, 61, served as the Military Deputy to the Assistant Secretary of the Army for Financial Management from August 2014 until her retirement in August 2017.

At the annual meeting, stockholders also approved the advisory vote on named executive compensation.  In addition, stockholders ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2020.

About Genworth Financial 

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.

From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com. Fom time to time, Genworth's publicly traded subsidiary, Genworth Mortgage Insurance Australia Limited, separately releases financial and other information about their operations. This information can be found at http://www.genworth.com.au.

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SOURCE Genworth Financial, Inc.

FAQ

What were the results of Genworth Financial's 2020 annual meeting?

At Genworth Financial's 2020 annual meeting, all nine nominated directors were re-elected, and Karen E. Dyson was elected as a new independent director.

Who was elected as a new director at Genworth's annual meeting?

Karen E. Dyson, a retired U.S. Army lieutenant general, was elected as a new independent director at Genworth's annual meeting.

What firm was ratified as Genworth's independent accounting firm for 2020?

KPMG LLP was ratified as Genworth's independent registered public accounting firm for 2020.

Did stockholders approve executive compensation at Genworth's meeting?

Yes, stockholders approved the advisory vote on named executive compensation during the annual meeting.