The Board of Directors of JPMorgan Chase & Co. JPM today declared a
quarterly dividend of 38 cents per share on the outstanding shares of the
corporation's common stock, an increase from the prior quarterly dividend of
30 cents per share. The dividend is payable on July 31, 2013, to stockholders
of record at the close of business on July 5, 2013.
At the annual meeting of shareholders held today, the Company announced
preliminary results of the shareholder vote on five management proposals and
four shareholder proposals. All of the management proposals were approved,
including: the election of directors, ratification of PricewaterhouseCoopers
LLP as the independent registered public accounting firm, approval of
executive compensation, amendment to the Restated Certificate of Incorporation
authorizing shareholder action by written consent, and reapproval of the Key
Executive Performance Plan. None of the shareholder proposals were approved.
“We appreciate the support shown by shareholders and the thoughtful way many
have engaged with us as they determined how to vote on these issues,” said
Jamie Dimon, Chairman and CEO of JPMorgan Chase. “We take the feedback from
shareholders very seriously and we will continue to build toward being best in
class in corporate governance.”
Lee Raymond, Presiding Director of the Board said, “Our discussions with
shareholders throughout this process have been constructive. The Board will
continue to review its current structure and composition in light of today's
feedback and with the best interest of shareholders in mind.”
The shareholder vote numbers and percentages announced at the meeting are
considered preliminary until the final results are tabulated and certified by
independent inspectors of election. The final results will be reported on a
Form 8-K that will be filed with the Securities and Exchange Commission later
this week.
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