Ameriprise Financial Inc. Announces 2024 Annual Meeting of Shareholders

Ticker: AMP · Form: DEF 14A · Filed: Mar 15, 2024 · CIK: 820027

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Shareholder Rights, Corporate Governance, Executive Compensation

TL;DR

<b>Ameriprise Financial, Inc. will host its 2024 Annual Meeting of Shareholders virtually on April 24, 2024, providing shareholders electronic access to participate and vote.</b>

AI Summary

AMERIPRISE FINANCIAL INC (AMP) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. The 2024 Annual Meeting of Shareholders for Ameriprise Financial, Inc. will be held virtually on April 24, 2024. Shareholders can attend, participate, and vote electronically during the meeting. The company reported delivering "another excellent year in 2023" despite an uncertain market. Ameriprise Financial, Inc. is a financial services leader with a 130-year legacy. The proxy statement provides details on business strategy, performance, governance, shareholder engagement, and executive compensation.

Why It Matters

For investors and stakeholders tracking AMERIPRISE FINANCIAL INC, this filing contains several important signals. The virtual format allows for broader shareholder participation regardless of location. The meeting will cover key company performance, strategy, and governance, offering shareholders insight into the company's direction and management.

Risk Assessment

Risk Level: — AMERIPRISE FINANCIAL INC shows moderate risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, containing standard disclosures about governance, compensation, and meeting procedures, with no immediate material financial or operational changes indicated.

Analyst Insight

Review the proxy statement to understand executive compensation, board nominations, and any shareholder proposals before the April 24, 2024 meeting.

Executive Compensation

NameTitleTotal Compensation
James M. CracchioloChairman and Chief Executive Officer

Key Numbers

Key Players & Entities

FAQ

When did AMERIPRISE FINANCIAL INC file this DEF 14A?

AMERIPRISE FINANCIAL INC filed this Proxy Statement (DEF 14A) with the SEC on March 15, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by AMERIPRISE FINANCIAL INC (AMP).

Where can I read the original DEF 14A filing from AMERIPRISE FINANCIAL INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AMERIPRISE FINANCIAL INC.

What are the key takeaways from AMERIPRISE FINANCIAL INC's DEF 14A?

AMERIPRISE FINANCIAL INC filed this DEF 14A on March 15, 2024. Key takeaways: The 2024 Annual Meeting of Shareholders for Ameriprise Financial, Inc. will be held virtually on April 24, 2024.. Shareholders can attend, participate, and vote electronically during the meeting.. The company reported delivering "another excellent year in 2023" despite an uncertain market..

Is AMERIPRISE FINANCIAL INC a risky investment based on this filing?

Based on this DEF 14A, AMERIPRISE FINANCIAL INC presents a moderate-risk profile. The filing is a routine proxy statement for an annual shareholder meeting, containing standard disclosures about governance, compensation, and meeting procedures, with no immediate material financial or operational changes indicated.

What should investors do after reading AMERIPRISE FINANCIAL INC's DEF 14A?

Review the proxy statement to understand executive compensation, board nominations, and any shareholder proposals before the April 24, 2024 meeting. The overall sentiment from this filing is neutral.

How does AMERIPRISE FINANCIAL INC compare to its industry peers?

Ameriprise Financial, Inc. operates in the financial services sector, providing a range of products and services including investment advice, asset management, and insurance.

Are there regulatory concerns for AMERIPRISE FINANCIAL INC?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

Risk Factors

Industry Context

Ameriprise Financial, Inc. operates in the financial services sector, providing a range of products and services including investment advice, asset management, and insurance.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

  1. Review the proxy statement for details on director nominees and vote accordingly.
  2. Examine the executive compensation disclosures to understand pay practices.
  3. Note the date and time for the virtual annual meeting to ensure participation.

Key Dates

Glossary

DEF 14A
Definitive Proxy Statement (Filed by Ameriprise Financial, Inc. to provide information to shareholders regarding the annual meeting.)
Proxy Statement
A document filed by a company with the SEC that contains information shareholders need to vote on matters at an annual meeting. (Provides details on voting matters, director nominations, executive compensation, and company performance.)

Year-Over-Year Comparison

This filing is a proxy statement for the 2024 annual meeting, following the company's report of strong performance in 2023.

Filing Stats: 4,320 words · 17 min read · ~14 pages · Grade level 16.9 · Accepted 2024-03-15 16:20:58

Filing Documents

– Election of the Eight Director Nominees

Item 1 – Election of the Eight Director Nominees 14 Nominees for Director 15 Director Experience and Qualifications 19 Board Leadership Structure 21 Board's Role in Risk Oversight 22 Board's Role in Strategic Planning 24 Committees of the Board 24 Year-Round Review of Board Composition and Succession 27 Shareholder Engagement 28 Communicating with Directors 29 Board Practices 30 Corporate Governance Documents and Policies 32 Compensation of Directors 33 Compensation Philosophy for Outside Directors 33 2023 Annual Compensation for Outside Directors 34 Compensation Paid to Outside Directors in 2023 36 Deferred Share Units Issued to Outside Directors in 2023 36 38 Item 2 – Approval of the Amendment to the Ameriprise Financial, Inc. Amended and Restated Certificate of Incorporation to Allow for Exculpation of Officers as Permitted by Delaware law 40

– To Approve the Compensation of the

Item 3 – To Approve the Compensation of the Named Executive Officers by a Nonbinding Advisory Vote 41 Report of the Audit and Risk Committee 42 Item 4 – Ratification of the Audit and Risk Committee's Appointment of PricewaterhouseCoopers LLP as the Company's Independent Registered Public Accounting Firm for 2024 43 Compensation and Benefits Committee Report 45 Compensation Discussion and Analysis 46 Executive Summary 46 Compensation Philosophy, Program and Approach 47 2023 Financial and Strategic Business Assessment 50 2023 NEO Compensation and Performance Summary 55 Compensation Policies and Practices 63 Supplemental Total Direct Compensation Table 66 Compensation Tables 67 Summary Compensation Table 67 Grants of Plan-Based Awards in 2023 69 Outstanding Equity Awards at Fiscal Year-End 2023 70 Option Exercises and Stock Vested in 2023 71 Non-Qualified Deferred Compensation for 2023 72 Pension Benefits in 2023 73 Potential Payments Upon Termination or Change of Control for Named Executive Officers 74 CEO Pay Ratio 81 Pay Versus Performance 82 Certain Transactions 85 Related Person Transaction Review Policy 85 Transactions 85 Information about the Annual Meeting and Voting 87 Appendix A: GAAP to Non-GAAP Reconciliations A-1 Appendix B: Proposed Amendment to the Ameriprise Financial, Inc. Amended and Restated Certificate of Incorporation B-1 TABLE OF CONTENTS For 130 years, Ameriprise Financial has stood tall with a proud legacy of helping clients reach their financial goals. Our Vision, Mission, Brand Promise and Values continue to define our company and shape our future. Vision – What we aspire to be To be the most respected and referred financial services brand Mission – Our purpose To help people feel confident about their financial future Brand Promise – Our commitment to clients We shape financial solutions for a lifetime Values – What we can expect from eac

— Election of the Eight Director Nominees Named Below

Item 1 — Election of the Eight Director Nominees Named Below The Board of Directors recommends a vote "FOR" the election of each of the eight director nominees. Proxies will be voted "FOR" each director nominee unless otherwise specified. The Board believes a well-qualified and diverse mix of directors best positions the Board to effectively govern and achieve strong results. Our directors have a combined wealth of leadership experience derived from extensive service guiding large, complex organizations, and possess a diversity of qualifications, attributes and skills applicable to our business and long-term strategy. We currently have eight directors on our Board. The Board has set the size of the board at eight as of the time of the Annual Meeting, and eight nominees have been recommended by the Nominating and Governance Committee and nominated by the Board. The Board believes that the mix of qualifications and the diversity of experience, attributes and skills among the nominees enhances our Board's effectiveness and is aligned with the Company's long-term strategy. The Board believes that each of the nominees is qualified to serve as a director of Ameriprise and the Board as a whole possesses the qualities and skills described in the section of the proxy statement captioned "Director Experience and Qualifications," beginning on page 19 . All nominees have indicated they will serve if elected. We do not anticipate that any nominee will be unable or unwilling to stand for election, but if that happens, your proxy may be voted for another person nominated by the Board or the Board may reduce the number of directors to be elected. If elected at the Annual Meeting, the nominees will hold office until the 2025 Annual Meeting of shareholders and until their successors have been elected and qualified. 14| Ameriprise Financial 2024 Proxy Statement TABLE OF CONTENTS NOMINEES FOR DIRECTOR Director since: 2005 Age: 65 Committees: Executive (Chair) Other Cur

Executive compensation programs

Executive compensation programs Communications with our institutional shareholders Risk management, financial reporting and disclosure Corporate governance Other Experience Director, New Frontier Foods, Inc., a private corporation Former director, Swedish Match AB (2011–2015) Education Juris Doctor, Wake Forest University Bachelor of Science, Purdue University Bachelor of Arts, DePauw University Ameriprise Financial 2024 Proxy Statement|15 TABLE OF CONTENTS NOMINEES FOR DIRECTOR Director since: 2014 Age: 64 Committees: Audit and Risk Compensation and Benefits (Chair) Executive Other Current Public Directorships: Scandinavian Tobacco Group (2016-present) Triad Business Bank (2020-present) Dianne Neal Blixt Car

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