PNC Financial Services Group Holds Annual Shareholder Meeting

TL;DR

PNC shareholders voted on directors, exec pay, and auditors at the April 24th meeting.

AI Summary

On April 24, 2024, The PNC Financial Services Group, Inc. filed an 8-K report to announce the results of its annual meeting of shareholders. Shareholders voted on the election of directors, the advisory vote on executive compensation, and the ratification of the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024.

Why It Matters

This filing provides transparency on shareholder decisions regarding company leadership and financial oversight, impacting investor confidence and corporate governance.

Risk Assessment

Risk Level: low — This is a routine 8-K filing reporting on the results of an annual shareholder meeting, with no unexpected or negative financial information.

Key Players & Entities

• PNC FINANCIAL SERVICES GROUP, INC. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
• April 24, 2024 (date) — Date of earliest event reported
• December 31, 2024 (date) — Fiscal year end for accounting firm appointment

FAQ

Key Financial Figures

• $5.00 — ch Registered Common Stock, par value $5.00 PNC New York Stock Exchange Indicate
• $1.80 — on Stock 397,845,383 1 397,845,383 $1.80 Cumulative Convertible Preferred Stock

Filing Documents

• pnc-20240424.htm (8-K) — 82KB
• 0000713676-24-000041.txt ( ) — 205KB
• pnc-20240424.xsd (EX-101.SCH) — 2KB
• pnc-20240424_lab.xml (EX-101.LAB) — 21KB
• pnc-20240424_pre.xml (EX-101.PRE) — 12KB
• pnc-20240424_htm.xml (XML) — 3KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders An annual meeting of shareholders of The PNC Financial Services Group, Inc. ("PNC") was held on April 24, 2024 for the purpose of considering and acting upon the following matters: (1) The election of the 12 director nominees named in PNC's proxy statement to serve until the next annual meeting and until their successors are elected and qualified; (2) The ratification of the Audit Committee's selection of PricewaterhouseCoopers LLP as PNC's independent registered public accounting firm for 2024; (3) An advisory vote to approve the compensation of PNC's named executive officers; (4) Approval of The PNC Financial Services Group, Inc. 2025 Employee Stock Purchase Plan; and (5) A shareholder proposal regarding report on risk management and implementation of PNC's Human Rights Statement in financing. The final voting results for each proposal, based on the report of the judge of election for the annual meeting, are provided below. (1) The 12 director nominees named in PNC's proxy statement were elected. Nominee For % Against % Abstain Broker Non-Votes Joseph Alvarado 321,676,218 99.21% 2,561,129 0.79% 2,065,395 35,113,353 Debra A. Cafaro 316,098,429 97.47% 8,193,447 2.53% 2,010,866 35,113,353 Marjorie Rodgers Cheshire 320,842,495 98.94% 3,448,966 1.06% 2,011,281 35,113,353 William S. Demchak 309,590,981 95.52% 14,530,030 4.48% 2,181,731 35,113,353 Andrew T. Feldstein 315,734,754 97.38% 8,494,912 2.62% 2,073,076 35,113,353 Richard J. Harshman 317,598,357 97.95% 6,645,196 2.05% 2,059,189 35,113,353 Daniel R. Hesse 320,537,262 98.86% 3,690,182 1.14% 2,075,298 35,113,353 Renu Khator 320,871,639 98.96% 3,383,333 1.04% 2,047,770 35,113,353 Linda R. Medler 323,201,567 99.67% 1,081,876 0.33% 2,019,299 35,113,353 Robert A. Niblock 320,696,196 98.90% 3,556,608 1.10% 2,049,938 35,113,353 Martin Pfinsgraff 322,930,28