MGIC (NYSE: MTG) investors back board, executive pay and PwC
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
MGIC Investment Corporation reported the results of its Annual Meeting of Shareholders held on April 23, 2026. Shareholders elected all ten nominated directors, with most receiving over 185 million votes in favor and broker non-votes of 11,687,447 on each director proposal.
Shareholders also approved, on an advisory basis, the compensation of MGIC’s named executive officers for 2025 by a vote of 185,074,814 for, 1,662,530 against, 288,063 abstaining, and 11,687,447 broker non-votes. In addition, they ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026, with 189,985,891 votes for, 8,593,371 against, and 133,592 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Executive pay advisory vote - For: 185,074,814 shares
Executive pay advisory vote - Against: 1,662,530 shares
Executive pay advisory vote - Broker non-votes: 11,687,447 shares
+4 more
7 metrics
Executive pay advisory vote - For
185,074,814 shares
Approval of 2025 named executive officer compensation
Executive pay advisory vote - Against
1,662,530 shares
Opposing 2025 named executive officer compensation
Executive pay advisory vote - Broker non-votes
11,687,447 shares
Advisory compensation proposal broker non-votes
Auditor ratification - For
189,985,891 shares
Ratification of PwC as 2026 independent auditor
Auditor ratification - Against
8,593,371 shares
Opposing PwC ratification
Director vote example - For
186,390,496 shares
Votes for director nominee Teresita M. Lowman
Director vote example - For (low end)
180,610,149 shares
Votes for director nominee Mark M. Zandi
Key Terms
Broker Non-Votes, named executive officers, independent registered public accounting firm, Inline XBRL
4 terms
Broker Non-Votes financial
"For | Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
named executive officers financial
"The compensation of our named executive officers for 2025 was approved"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
independent registered public accounting firm financial
"PricewaterhouseCoopers LLP as our independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Inline XBRL technical
"the cover page XBRL tags are embedded within the Inline XBRL document"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
Were all MGIC (MTG) director nominees elected in 2026?
All MGIC director nominees were elected at the 2026 annual meeting. Individual support levels were high, with most nominees receiving more than 185 million votes in favor, alongside 11,687,447 broker non-votes reported for each director election proposal.