PRUDENTIAL FINANCIAL INC - FORM 8-K - May 11, 2011

 

 

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 (Date of earliest event reported): May 10, 2011

 

 

PRUDENTIAL FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

New Jersey   001-16707   22-3703799
(State or other jurisdiction   (Commission File   (I.R.S. Employer
of incorporation)   Number)   Identification No.)

751 Broad Street

Newark, New Jersey 07102

(Address of principal executive offices and zip code)

(973) 802-6000

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):

 

¨  

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

The Annual Meeting of Shareholders of Prudential Financial, Inc. (the “Company”) was held on May 10, 2011. Shareholders voted as follows on the matters presented for a vote.

1. The nominees for election to the Board of Directors were elected, each for a one-year term, based upon the following votes:

 

Nominee

      Votes For        Votes
Against		        Abstentions        Broker
Non-Votes		  

Thomas J. Baltimore, Jr.

        289,181,600           7,230,915           1,107,566           28,508,003   

Gordon M. Bethune

        286,197,780           10,240,021           1,082,655           28,508,003   

Gaston Caperton

        288,899,862           7,504,382           1,115,432           28,508,003   

Gilbert F. Casellas

        289,007,623           7,403,880           1,108,998           28,508,003   

James G. Cullen

        270,024,661           26,398,944           1,097,318           28,508,003   

William H. Gray III

        284,176,032           12,241,246           1,102,894           28,508,003   

Mark B. Grier

        289,215,526           7,279,731           1,025,766           28,508,003   

Constance J. Horner

        286,026,655           10,430,515           1,063,384           28,508,003   

Martina Hund-Mejean

        294,004,356           2,400,819           1,114,244           28,508,003   

Karl J. Krapek

        287,954,722           8,440,655           1,125,220           28,508,003   

Christine A. Poon

        289,265,489           7,215,112           1,039,022           28,508,003   

John R. Strangfeld

        276,080,253           20,366,589           1,073,302           28,508,003   

James A. Unruh

        284,964,140           11,479,635           1,077,265           28,508,003   

2. The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2011 was approved based upon the following votes:

 

Votes for approval:

      321,729,497   

Votes against:

      2,868,128   

Abstentions:

      1,430,606   

There were no broker non-votes for this item.

 

3. The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers was approved based upon the following votes:

 

Votes for approval:

      255,580,253   

Votes against:

      39,817,981   

Abstentions:

      2,122,321   

Broker non-votes:

      28,508,003   

4. The shareholders voted, on an advisory basis, to hold future advisory votes to approve the compensation of the Company’s named executive officers as follows:

 

Every year:

      260,347,012   

Every 2 years:

      1,789,198   

Every 3 years:

      33,750,968   

Abstentions:

      1,624,436   

Broker non-votes:

      28,508,003   

In connection with the Annual Meeting, the Board of Directors of the Company had recommended that shareholders vote to hold future advisory votes to approve the compensation of the Company’s named executive officers on an annual basis. In light of such recommendation and considering the strong support for an annual vote as reflected in the above voting results, the Board, on May 10, 2011, determined that the Company will hold future advisory votes to approve the compensation of the Company’s named executive officers annually.

5. The shareholder proposal regarding supermajority voting was approved based upon the following votes:

 

Votes for approval:

      316,454,252   

Votes against:

      6,423,372   

Abstentions:

      3,151,245   

There were no broker non-votes for this item.

6. The shareholder proposal regarding lobbying contributions and expenditures was defeated based upon the following votes:

 

Votes for approval:

      20,095,526   

Votes against:

      230,031,740   

Abstentions:

      47,392,518   

Broker non-votes:

      28,508,003   

SIGNATURES

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.

Date: May 11, 2011

 

PRUDENTIAL FINANCIAL, INC.
By:   /s/ Margaret M. Foran
 

Name:  Margaret M. Foran

 

Title:    Chief Governance Officer, Vice President and Corporate Secretary