Lincoln National Corp Files 8-K on Director Changes and Officer Compensation
Ticker: LNC-PD · Form: 8-K · Filed: May 24, 2024 · CIK: 59558
| Field | Detail |
|---|---|
| Company | Lincoln National Corp (LNC-PD) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, director-changes
Related Tickers: LNC
TL;DR
LNC filed an 8-K detailing director changes, officer comp, and shareholder votes.
AI Summary
Lincoln National Corporation filed an 8-K on May 23, 2024, reporting on the departure of directors, election of new directors, and compensatory arrangements for officers. The filing also covers the submission of matters to a vote of security holders and includes financial statements and exhibits. The company is incorporated in Indiana and its principal executive offices are located in Radnor, PA.
Why It Matters
This filing provides crucial updates on the company's governance and executive compensation, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — This is a routine regulatory filing detailing corporate governance and operational updates, not indicating immediate financial distress or significant new risks.
Key Players & Entities
- Lincoln National Corporation (company) — Registrant
- May 23, 2024 (date) — Date of Report
- Indiana (jurisdiction) — State of Incorporation
- Radnor, PA (location) — Principal Executive Offices
FAQ
What specific items were reported under the 'Departure of Directors or Certain Officers' section?
The filing indicates it covers the departure of directors or certain officers, but specific names or details of departures are not provided in the provided text.
What is the significance of the 'Submission of Matters to a Vote of Security Holders' item?
This item signifies that the company presented certain proposals or issues for shareholders to vote on during a meeting or via proxy.
What types of financial statements and exhibits are included in this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific content of these exhibits is not detailed in the provided text.
When was Lincoln National Corporation incorporated, and what is its IRS Employer Identification Number?
Lincoln National Corporation was incorporated in Indiana and its IRS Employer Identification Number is 35-1140070.
What is the business address and phone number for Lincoln National Corporation?
The business address is 150 N. Radnor Chester Road, Radnor, PA 19087, and the business phone number is 484-583-1400.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-05-24 08:06:07
Filing Documents
- lnc-20240523.htm (8-K) — 60KB
- exhibit101icp.htm (EX-10.1) — 4KB
- 0000059558-24-000033.txt ( ) — 226KB
- lnc-20240523.xsd (EX-101.SCH) — 2KB
- lnc-20240523_def.xml (EX-101.DEF) — 15KB
- lnc-20240523_lab.xml (EX-101.LAB) — 27KB
- lnc-20240523_pre.xml (EX-101.PRE) — 16KB
- lnc-20240523_htm.xml (XML) — 4KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The Company's 2024 Annual Meeting was held on May 23, 2024. Shareholders voted as follows on the matters presented for a vote.
Election of Directors
Item 1. Election of Directors The twelve nominees for election to the Board were elected, each for a term expiring at the Company's 2025 Annual Meeting of Shareholders, based upon the following votes: Director Nominee For Against Abstentions Broker Non-Votes Deirdre P. Connelly 109,750,659 6,833,675 311,887 26,389,209 Ellen G. Cooper 108,075,767 7,815,252 1,005,202 26,389,209 William H. Cunningham 108,292,165 7,843,830 760,226 26,389,209 Reginald E. Davis 113,213,888 3,309,033 373,300 26,389,209 Eric G. Johnson 109,797,460 6,483,089 615,672 26,389,209 Gary C. Kelly 110,603,674 5,762,116 530,431 26,389,209 M. Leanne Lachman 111,302,885 5,205,345 387,991 26,389,209 Dale LeFebvre 113,525,633 2,918,633 451,955 26,389,209 Janet Liang 113,639,347 2,898,419 358,455 26,389,209 Michael F. Mee 109,100,434 7,182,493 613,294 26,389,209 Owen Ryan 114,161,000 2,334,829 400,392 26,389,209 Lynn M. Utter 113,523,380 2,977,332 395,509 26,389,209
Ratification of Auditors
Item 2. Ratification of Auditors The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditor for 2024 was approved based on the following votes: For Against Abstentions 137,734,824 5,084,392 466,214 There were no broker non-votes for this item.
Advisory Resolution on Executive Compensation
Item 3. Advisory Resolution on Executive Compensation The proposal to approve an advisory resolution regarding the compensation paid to the Company's named executive officers, as disclosed in the Company's 2024 Proxy Statement, was approved based on the following votes: For Against Abstentions Broker Non-Votes 96,962,533 19,024,242 909,446 26,389,209
Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan
Item 4. Approval of Amendment to Lincoln National Corporation 2020 Incentive Compensation Plan The proposal to approve the Amendment to the 2020 Plan was approved based on the following votes: For Against Abstentions Broker Non-Votes 81,301,339 34,831,068 763,814 26,389,209
Non-Binding Shareholder Proposal Regarding Independent Board Chair
Item 5. Non-Binding Shareholder Proposal Regarding Independent Board Chair The non-binding shareholder proposal to amend the Company's corporate governance documents to require an independent board chairman was not approved based on the following votes: For Against Abstentions Broker Non-Votes 46,456,683 69,753,497 686,041 26,389,209
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Amendment No. 3 to the Lincoln National Corporation 2020 Incentive Compensation Plan (effective May 23, 2024). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LINCOLN NATIONAL CORPORATION By /s/ Nancy A. Smith Name: Nancy A. Smith Title: Senior Vice President and Secretary Date: May 24, 2024