BlackRock Proxy Filing: Fink's 2025 Letter Included

TL;DR

BlackRock filed its proxy statement, featuring Larry Fink's 2025 investor letter. No fee paid.

AI Summary

BlackRock, Inc. has filed a Definitive Proxy Statement (DEFA14A) on March 31, 2025, which includes Larry Fink's 2025 Annual Chairman's Letter to Investors. This filing is soliciting material under Rule 14a-12 and indicates no fee was required for this filing. The company's fiscal year ends on December 31st.

Why It Matters

This filing provides shareholders with important information and communications from the Chairman, including insights into the company's strategy and outlook for the upcoming year.

Risk Assessment

Risk Level: low — This is a routine proxy filing that includes a chairman's letter, not indicating any immediate financial distress or significant operational changes.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• BlackRock, Inc. (company) — Registrant
• Larry Fink (person) — Chairman
• 2025 (date) — Year of Chairman's Letter
• March 31, 2025 (date) — Filing Date
• 50 HUDSON YARDS (location) — Business Address
• NEW YORK (location) — Business Address City

FAQ

From the Filing

0001193125-25-068204.txt : 20250331 0001193125-25-068204.hdr.sgml : 20250331 20250331122700 ACCESSION NUMBER: 0001193125-25-068204 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20250331 DATE AS OF CHANGE: 20250331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock, Inc. CENTRAL INDEX KEY: 0002012383 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance EIN: 991116001 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-42297 FILM NUMBER: 25790445 BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: (212) 810-5800 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Funding, Inc. /DE DATE OF NAME CHANGE: 20240215 DEFA14A 1 d931482ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☐ Definitive Additional Materials ☒ Soliciting Material under §240.14a-12 BLACKROCK, INC. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11   Larry Fink’s 2025 Annual Chairman’s Letter to Investors  The democratization of investing Expanding prosperity in more places, for more people   I hear it from nearly every client, nearly every leader—nearly every person—I talk to: They’re more anxious about the economy than any time in recent memory. I understand why. But we have lived through moments like this before. And somehow, in the long run, we figure things out. Humans are smart, resilient creatures, and we build systems that reflect our own image—systems that take the confusion around us, make sense of it, and produce surprisingly good outcomes. Computers handle complex data (and now language) on our behalf. Cities enable millions of people to live side by side, usually peacefully, mostly productively. But of all the systems we’ve created, among the most powerful—and uniquely suited to moments like ours—began over 400 years ago. It’s the system we invented specifically to overcome contradictions like scarcity amid abundance, and anxiety amid prosperity. We call this system the capital markets. When the world’s first stock exchange opened in Amsterdam in 1602, investing became a more democratic enterprise. Until then, investing was mostly reserved for wealthy merchants. And indeed, about 90% of the original 1,143 investors at Amsterdam’s exchange were wealthy. But the remaining investors were ordinary people. They included 53 artisans, eight shopkeepers, six silk weavers, four soap makers—and at least two maids who each invested 50 guilders, about enough to rent a modest cottage for a year. 1 Even when the capital markets crossed the channel into England, with its rigid class system, the London Stock Exchange didn’t start in a palace. Instead, it began in Jonathan’s Coffee House in “Change Alley.” Bishops and bookkeepers invested alongside farmers who arrived straight from the cattle market, with mud still on their boots. Some came to speculate, but many were there to invest in new ventures—includi