Business Context and Reporting Period
Apollo Global Management, Inc. filed this Form 8-K on October 6, 2023 under Item 5.07 to report the results of its 2023 Annual Meeting of Stockholders, held the same day. The filing does not report operating or financial results for a quarterly or annual reporting period.
Financial and Other Key Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, liquidity, assets under management, or other operating financial metrics.
| Proposal | Result | Vote details |
|---|---|---|
| Election of 16 director nominees | All elected for one-year terms expiring at the 2024 Annual Meeting | For votes ranged from 419.4 million to 461.4 million; broker non-votes were approximately 39.3 million per nominee |
| Advisory approval of named executive officer compensation | Approved | 386.8 million for; 75.8 million against; 0.2 million abstentions; 39.3 million broker non-votes |
| Ratification of Deloitte & Touche LLP as independent auditor for fiscal 2023 | Ratified | 496.1 million for; 5.9 million against; 0.1 million abstentions |
Material Changes Versus the Prior Comparable Period
The filing does not provide a prior-period comparison. The material developments reported are the election of the full slate of director nominees, advisory approval of executive compensation, and ratification of the independent registered public accounting firm.
David Simon received the lowest support among the director nominees, with 419.4 million votes for and 43.4 million against. A.B. Krongard received the next-highest opposing vote total, with 11.5 million votes against.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, business outlook, risk-factor update, contingencies, or unusual financial items. The executive compensation vote was advisory and does not itself change compensation arrangements described in the company’s proxy materials.
Important Facts to Verify
- Confirm that all 16 listed director nominees were elected to one-year terms ending at the 2024 Annual Meeting.
- Review the proxy statement filed August 18, 2023 for the details of the director, compensation, and auditor proposals.
- Assess the significance of the approximately 75.8 million votes against executive compensation and the relatively high opposition to certain directors.
- Confirm Deloitte & Touche LLP’s appointment as Apollo’s independent registered public accounting firm for the fiscal year ending December 31, 2023.