Filing Overview
Jackson Financial Inc. filed a Form 8-K dated May 19, 2023, reporting the results of its Annual Meeting of Shareholders held on that date. The record date was March 24, 2023. The filing is not a periodic financial report and does not provide operating or financial-period results.
Financial and Operating Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating metrics.
- Shares issued, outstanding, and eligible to vote: 81,049,492.
- Shares present in person or represented by proxy: 70,781,796.
- Broker non-votes on applicable proposals: 7,300,945.
Meeting Results and Material Changes
Shareholders elected all nine director nominees to one-year terms ending at the 2024 annual meeting or until successors are elected and qualified.
| Director | For | Against | Abstain |
|---|---|---|---|
| Lily Fu Claffee | 62,141,291 | 804,049 | 535,511 |
| Gregory T. Durant | 62,422,774 | 523,857 | 534,220 |
| Steven A. Kandarian | 61,219,520 | 1,728,533 | 532,798 |
| Derek G. Kirkland | 62,551,531 | 394,659 | 534,661 |
| Drew E. Lawton | 62,505,716 | 436,576 | 538,559 |
| Martin J. Lippert | 62,160,255 | 785,763 | 534,833 |
| Russell G. Noles | 62,554,952 | 390,648 | 535,251 |
| Laura L. Prieskorn | 62,534,828 | 412,766 | 533,257 |
| Esta E. Stecher | 61,949,677 | 999,051 | 532,123 |
Shareholders also ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2023, with 67,954,980 votes for, 1,904,051 against, and 922,765 abstentions.
Shareholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 62,085,029 votes for, 808,222 against, 587,600 abstentions, and 7,300,945 broker non-votes.
Guidance, Risks, and Unusual Items
The filing contains no management guidance, outlook, risk update, contingencies, or unusual financial items. Its principal developments are the continued composition of the board, auditor ratification, and advisory approval of executive compensation.
Investor Verification Points
- Confirm the elected directors and their one-year terms.
- Review the level of opposition to each director, particularly the vote totals for Steven A. Kandarian and Esta E. Stecher.
- Confirm KPMG LLP’s appointment for the year ending December 31, 2023.
- Assess the impact of broker non-votes on the executive-compensation advisory result.
- Refer to Jackson Financial’s periodic filings for financial performance, liquidity, debt, capital, and outlook information not included in this 8-K.