American Express said shareholders approved the Second Amended and Restated American Express Company 2016 Incentive Compensation Plan at its annual meeting on May 6, 2024. The plan increases the number of shares available for issuance by 15 million shares and extends its expiration date to May 6, 2034.

1. 01

   American Express said shareholders approved the Second Amended and Restated American Express Company 2016 Incentive Compensation Plan at its annual meeting on May 6, 2024. The plan increases the number of shares available for issuance by 15 million shares and extends its expiration date to May 6, 2034.

2. 02

   The company reported votes for the amended incentive compensation plan of 560,000,164 (96.48%), votes against of 14,934,323 (3.52%), 5,480,084 abstentions and 56,238,542 broker non-votes.

3. 03

   The company said all 12 of its director nominees received over a majority of the votes cast. Of the 12 nominees, Thomas J. Baltimore received the most votes against, with 470,745,937 votes for and 105,013,210 votes against.

4. 04

   The company reported that a shareholder proposal on golden parachutes received 31.19% in favor and 68.80% against, a proposal on climate lobbying received 24.43% in favor and 75.56% against, and a proposal on merchant category codes received 0.80% in favor and 99.19% against.

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Original filing

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