Wells Fargo Announces Preliminary Voting Results of 2021 Annual Meeting of Shareholders

Rhea-AI Summary

Wells Fargo (NYSE: WFC) shareholders have elected 12 nominees as directors, approved an advisory proposal on 2020 executive compensation, and ratified KPMG LLP as the independent public accounting firm for 2021. However, four shareholder proposals were not approved at the meeting. The results of the voting will be reported in a Form 8-K filed with the SEC.

Wells Fargo is a leading financial services company with approximately $1.9 trillion in assets, serving one in three U.S. households.

Positive

• Shareholders elected all 12 nominees as directors.
• Advisory proposal on 2020 executive compensation was approved.
• KPMG LLP was ratified as the independent public accounting firm for 2021.

Negative

• Four shareholder proposals were not approved.

Wells Fargo & Company (NYSE: WFC) announced today that its shareholders elected as directors the 12 nominees named in the company’s proxy statement and approved an advisory proposal on 2020 executive compensation. Shareholders also ratified the appointment of KPMG LLP as the company’s independent registered public accounting firm for 2021. Shareholders did not approve the four shareholder proposals presented at the meeting.

The final voting results will be reported on a Form 8-K that will be filed with the Securities and Exchange Commission (SEC) and will be available on the SEC’s website at www.sec.gov.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies and small businesses in the U.S. We provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20210427005907/en/

FAQ

What decisions were made by Wells Fargo shareholders in 2021?

Wells Fargo shareholders elected 12 directors, approved executive compensation for 2020, and ratified KPMG LLP as the independent auditor for 2021.

What was the outcome of the shareholder proposals at Wells Fargo?

Four shareholder proposals were not approved at the meeting.

Who was ratified as Wells Fargo's independent auditor for 2021?

KPMG LLP was ratified as Wells Fargo's independent public accounting firm for 2021.

How many directors were elected by Wells Fargo shareholders?

Shareholders elected 12 nominees as directors.