Wells Fargo Stockholders Elect Directors; Vote on Proposals at Annual Meeting

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--

Wells Fargo & Company WFC announced today that its stockholders elected as directors the 15 nominees named in the company's proxy statement and ratified the appointment of KPMG LLP as the company's independent auditors for 2016. Stockholders also approved the 2015 compensation of the company's executives named in its proxy statement. 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 a report on the company's lobbying policies and practices.

About Wells Fargo

Wells Fargo & Company WFC is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2015 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially.

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