Mastercard Announces Results of Annual Meeting of Stockholders

Rhea-AI Summary

Mastercard (NYSE:MA) announced the preliminary results of its annual meeting of stockholders. Twelve directors were elected for one-year terms. Shareholders approved the executive officers' compensation on an advisory basis and ratified PricewaterhouseCoopers as the independent auditor for 2024. None of the five stockholder proposals were approved. Final voting results will be filed with the SEC on a Form 8-K and posted on Mastercard's Investor Relations website.

Positive

• Election of the full slate of 12 directors for a one-year term.
• Approval of executive officers' compensation on an advisory basis.
• Ratification of PricewaterhouseCoopers as the independent auditor for 2024.

Negative

• None of the five stockholder proposals were approved.

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

At the meeting:

• The full slate of 12 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 2024 was ratified
• None of the five stockholder proposals were approved by the voters

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. 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/20240618948295/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 results of Mastercard's annual meeting of stockholders?

Mastercard's annual meeting results included the election of 12 directors for one-year terms, approval of executive compensation on an advisory basis, and ratification of PricewaterhouseCoopers as the independent auditor for 2024.

Did shareholders approve the executive officers' compensation at Mastercard's annual meeting?

Yes, shareholders approved the executive officers' compensation on an advisory basis at Mastercard's annual meeting.

Which auditing firm was ratified for 2024 at Mastercard's annual meeting?

PricewaterhouseCoopers was ratified as Mastercard's independent registered public accounting firm for 2024.

Were any stockholder proposals approved at Mastercard's annual meeting?

No, none of the five stockholder proposals were approved at Mastercard's annual meeting.

What is the stock symbol for Mastercard?

The stock symbol for Mastercard is MA.