UnitedHealth Group Provides Updates on Annual Shareholder Meeting, Board Actions

Rhea-AI Summary

UnitedHealth Group (NYSE: UNH) held its 2022 annual shareholder meeting where all nominated Board members were elected, including Timothy P. Flynn and Andrew Witty. Shareholders approved an advisory resolution on executive compensation, ratified Deloitte & Touche LLP as the independent accounting firm, and rejected proposals on termination pay and political contributions reporting. Additionally, a cash dividend of $1.65 per share was authorized to be paid on June 28, 2022, to shareholders on record by June 20, 2022.

Positive

• Shareholders elected all nominated Board members, indicating strong governance support.
• Approved executive compensation resolution, reflecting alignment with shareholder expectations.
• Authorized a dividend of $1.65 per share, showcasing financial strength and commitment to returning value to shareholders.

Negative

• Shareholders voted against proposals for termination pay ratification and political contributions reporting, signaling potential investor concerns.

MINNETONKA, Minn.--(BUSINESS WIRE)-- UnitedHealth Group (NYSE: UNH) provided updates on its 2022 annual shareholder meeting and actions by its Board of Directors.

• Shareholders elected all those nominated to the Board: Timothy P. Flynn, Paul R. Garcia, Stephen J. Hemsley, Michele J. Hooper, F. William McNabb III, Valerie C. Montgomery Rice, M.D., John H. Noseworthy, M.D., and Andrew Witty. UnitedHealth Group directors stand for election annually.
• Shareholders also:
  • Approved the advisory resolution on the Company’s executive compensation.
  • Ratified Deloitte & Touche LLP as the Company’s independent registered public accounting firm.
  • Voted against the shareholder proposal seeking shareholder ratification of termination pay, and against the shareholder proposal regarding a political contributions congruency report.
• At its regular quarterly meeting, the Board authorized payment of a cash dividend of $1.65 per share, to be paid June 28, 2022, to common stock shareholders of record as of the close of business June 20, 2022.

About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary businesses. Optum delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience and delivering access to high-quality care. Visit UnitedHealth Group at www.unitedhealthgroup.com and follow @UnitedHealthGrp on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220608005321/en/

Media:

Eric Hausman

Eric.Hausman@uhg.com

952-936-3963

Investors:

Zack Sopcak

Zack.Sopcak@uhg.com

952-936-7215

Source: UnitedHealth Group

FAQ

What were the outcomes of UnitedHealth Group's 2022 annual shareholder meeting?

All nominated Board members were elected and shareholders approved executive compensation.

When will UnitedHealth Group pay its next cash dividend?

The next cash dividend of $1.65 per share will be paid on June 28, 2022.

What accounting firm was ratified by UnitedHealth Group shareholders?

Deloitte & Touche LLP was ratified as the independent registered public accounting firm.

What proposals were rejected by UnitedHealth Group shareholders?

Shareholders rejected proposals on termination pay ratification and political contributions reporting.