Wells Fargo & Company (NYSE: WFC) announced today that its stockholders
elected as directors the 14 nominees named in the company’s proxy
statement and ratified the appointment of KPMG LLP as the company’s
independent auditors for 2013. Stockholders also approved the 2012
compensation of the company’s executives named in its proxy statement,
and the amendment and restatement of the company’s long-term incentive
compensation plan.
Stockholders did not approve the two stockholder proposals presented at
the meeting: a proposal requiring the chairman of the board to be an
independent director and a proposal requesting an investigation and
report on internal controls over the company’s mortgage servicing and
foreclosure practices. A stockholder proposal requesting a report on the
company’s lobbying policies and practices was withdrawn by the
proponents prior to, and was not presented at the meeting.
The 14 nominees elected to the Wells Fargo Board are:
John D. Baker II, executive chairman of Patriot Transportation Holding,
Inc.;
Elaine L. Chao, distinguished fellow at The Heritage Foundation;
John S. Chen, retired chairman and CEO of Sybase, Inc.;
Lloyd H. Dean, president and CEO of Dignity Health;
Susan E. Engel, CEO of Portero, Inc.;
Enrique Hernandez, Jr., chairman, president and CEO of Inter-Con
Security Systems, Inc.;
Donald M. James, chairman and CEO of Vulcan Materials Co.;
Cynthia H. Milligan, dean emeritus of the College of Business
Administration at the University of Nebraska-Lincoln;
Federico F. Peña, senior advisor of Vestar Capital Partners;
Howard V. Richardson, Retired Partner, PricewaterhouseCoopers LLP;
Judith M. Runstad, of counsel to Foster Pepper PLLC;
Stephen W. Sanger, retired chairman and CEO of General Mills, Inc.;
John G. Stumpf, chairman, president and CEO of Wells Fargo; and
Susan G. Swenson, retired president and CEO of Sage Software –North
America.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s
customers who conduct business in the global economy. With more than
270,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune’s 2012 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy all our customers’ financial needs and help
them succeed financially.
