Mastercard Announces Annual Meeting Results

Rhea-AI Summary

Mastercard (NYSE: MA) held its annual stockholder meeting, where all 13 directors were re-elected for a one-year term. The stockholders approved executive compensation on an advisory basis and ratified the appointment of PricewaterhouseCoopers, LLP as the independent accounting firm for 2022. Additionally, the amendment allowing stockholders to call special meetings was approved. However, none of the four stockholder proposals were approved. Final voting results will be filed with the SEC on Form 8-K and posted in the Investor Relations section on Mastercard.com.

Positive

• All 13 directors re-elected for a one-year term.
• Approved executive compensation on an advisory basis.
• Ratified PricewaterhouseCoopers as independent accounting firm.

Negative

• None of the four stockholder proposals were approved.

PURCHASE, N.Y.--(BUSINESS WIRE)-- Mastercard Incorporated (NYSE:MA) announced the results of its annual meeting of stockholders, held today.

At the meeting:

• The full slate of 13 directors was elected for a one-year term to expire at the next annual meeting of stockholders
• The compensation for the company’s executive officers was approved on an advisory basis
• The appointment of PricewaterhouseCoopers, LLP as the company's independent registered public accounting firm for 2022 was ratified

• The amendment to the company’s certificate of incorporation enabling a stockholder’s right to call special meetings of stockholders was approved
• None of the four stockholder proposals were approved

When final voting results are available, they will be filed with the Securities and Exchange Commission (SEC) on a Form 8-K and posted on the Investor Relations section of Mastercard.com.

Forward Looking Statements

Statements in this press release which are not historical facts are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “believe,” “expect,” “could,” “may,” “would,” “will,” “trend” and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements relating to Mastercard’s future prospects, developments and business strategies. Forward-looking statements speak only as of the date they are made, and the company undertakes no duty to update any forward-looking statements made in this press release or to conform such statements to actual results or changes in the company’s expectations.

About Mastercard Incorporated (NYSE: MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220621006090/en/

Mastercard Investor Relations

Jud Staniar, 914-249-4565

investor.relations@mastercard.com

Mastercard Communications

Seth Eisen, 914-249-3153

Seth.Eisen@mastercard.com

Source: Mastercard Investor Relations

FAQ

What were the outcomes of Mastercard's annual stockholder meeting on June 21, 2022?

At the annual stockholder meeting, Mastercard re-elected all 13 directors, approved executive compensation, ratified PricewaterhouseCoopers as auditor, and approved an amendment for stockholder special meetings. However, all four stockholder proposals were rejected.

Who was appointed as Mastercard's independent auditor for 2022?

PricewaterhouseCoopers, LLP was ratified as Mastercard's independent registered public accounting firm for 2022.

What changes were made regarding stockholder meetings at Mastercard's annual meeting?

An amendment enabling stockholders to call special meetings was approved at Mastercard's annual stockholder meeting.

What stockholder proposals were approved at Mastercard's meeting on June 21, 2022?

None of the four stockholder proposals were approved during the annual meeting.