Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: April 19, 2016

(Date of earliest event reported)

 

 

U.S. BANCORP

(Exact name of registrant as specified in its charter)

 

 

Delaware

(State or other jurisdiction of incorporation)

 

1-6880   41-0255900
(Commission file number)   (IRS Employer Identification No.)

800 Nicollet Mall

Minneapolis, Minnesota 55402

(Address of principal executive offices, including zip code)

(651) 466-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

U.S. Bancorp (the “Company”) held its 2016 annual meeting of shareholders on Tuesday, April 19, 2016. Shareholders considered five proposals at the meeting, each of which is described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on March 8, 2016 (the “Proxy Statement”). The final voting results are reported below.

Proposal I: Election of fourteen directors to serve for a one-year term until the 2017 annual meeting of shareholders.

The Company’s shareholders elected each of the fourteen nominees for director, and the voting results are set forth below:

 

Name

   For    Against    Abstentions    Broker
Non-Votes

Douglas M. Baker, Jr.

   1,271,572,638    32,097,777    4,361,130    215,300,585

Warner L. Baxter

   1,299,401,210    4,298,813    4,331,522    215,300,585

Marc N. Casper

   1,298,443,166    5,188,512    4,399,867    215,300,585

Arthur D. Collins, Jr.

   1,285,794,318    17,970,801    4,266,426    215,300,585

Richard K. Davis

   1,259,404,641    42,949,017    5,677,887    215,300,585

Kimberly J. Harris

   1,296,829,752    7,105,795    4,095,998    215,300,585

Roland A. Hernandez

   1,263,448,885    39,753,230    4,829,430    215,300,585

Doreen Woo Ho

   1,298,562,970    5,314,069    4,154,506    215,300,585

Olivia F. Kirtley

   1,297,680,042    6,338,267    4,013,236    215,300,585

Karen S. Lynch

   1,300,162,562    3,880,599    3,988,384    215,300,585

David B. O’Maley

   1,281,773,624    21,945,943    4,311,978    215,300,585

O’dell M. Owens, M.D., MPH

   1,280,672,909    23,255,725    4,102,911    215,300,585

Craig D. Schnuck

   1,290,685,341    12,857,933    4,488,271    215,300,585

Scott W. Wine

   1,272,540,711    31,137,805    4,353,029    215,300,585

Proposal II: Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for the 2016 fiscal year.

The Company’s shareholders ratified the selection of Ernst & Young LLP, and the voting results are set forth below:

 

For

   Against    Abstentions    Broker Non-Votes

1,498,039,789

   22,257,480    3,034,861    —  

Proposal III: Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Proxy Statement.

The Company’s shareholders gave advisory approval of the compensation of the Company’s executive officers as disclosed in the Proxy Statement, and the voting results are set forth below:

 

For

   Against    Abstentions    Broker Non-Votes

1,257,821,566

   41,620,104    8,589,875    215,300,585


Proposal IV: Shareholder proposal seeking the adoption of a policy requiring that the Chairman of the Board be an independent director.

The Company’s shareholders did not approve the shareholder proposal, and the voting results are set forth below:

 

For

   Against    Abstentions    Broker Non-Votes

217,334,810

   1,079,544,578    11,152,157    215,300,585

Proposal V: Shareholder proposal seeking the adoption of a policy requiring senior executives to retain a significant percentage of shares acquired as equity compensation.

The Company’s shareholders did not approve the shareholder proposal, and the voting results are set forth below:

 

For

   Against    Abstentions    Broker Non-Votes

73,232,909

   1,222,168,040    12,630,596    215,300,585


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

U.S. BANCORP
    By:  

/s/ James L. Chosy

 

James L. Chosy

Executive Vice President and General Counsel

Date: April 21, 2016