The company said shareholders approved the U.S. Bancorp 2024 Stock Incentive Plan at its annual meeting on April 16, 2024. The plan had previously been approved by the board, subject to shareholder approval.

1. 01

   The company said shareholders approved the U.S. Bancorp 2024 Stock Incentive Plan at its annual meeting on April 16, 2024. The plan had previously been approved by the board, subject to shareholder approval.

2. 02

   The company said the 2024 Plan allows grants of stock options that do not qualify under Section 422 of the Internal Revenue Code, stock appreciation rights, restricted stock and restricted stock units, performance awards, dividend equivalents, and stock awards not subject to restrictions to employees, officers and non-employee directors.

3. 03

   The company said all 13 directors were elected to serve 1-year terms until the 2025 annual meeting. Warner L. Baxter received 1,123,669,692 votes for, 13,995,894 against and 2,684,849 abstentions.

4. 04

   The company said the 2024 Plan was approved with 1,086,665,539 votes for, 48,769,066 against and 4,915,830 abstentions. The advisory vote on executive compensation received 1,066,446,037 votes for, and the approval of Ernst & Young LLP as auditor received 1,265,152,513 votes for.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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