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) April 25, 2017

 

Citigroup Inc.

(Exact name of registrant as specified in its charter)

 

Delaware 1-9924 52-1568099
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
     

388 Greenwich Street, New York,
New York

(Address of principal executive offices)

  10013
(Zip Code)

 

(212) 559-1000

(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:

 

¨ 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))

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company  ¨ 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

CITIGROUP INC.

Current Report on Form 8-K

 

 

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

 

Citigroup's 2017 Annual Meeting of Stockholders was held on April 25, 2017. At the meeting:

 

(1) 15 persons were elected to serve as directors of Citigroup;

 

(2) the selection of KPMG LLP to serve as the independent registered public accounting firm of Citigroup for 2017 was ratified;

 

(3) an advisory vote on Citigroup’s 2016 executive compensation was approved;

 

(4) an advisory vote on the frequency of future advisory votes on executive compensation was held and the option to hold annual advisory votes was approved. Based on resolutions adopted by Citigroup’s Board and in accordance with the results of the vote, the Company will conduct an annual advisory vote on executive compensation until the next required vote on the frequency of such votes;

 

(5) a stockholder proposal requesting a report on the Company’s policies and goals to reduce the gender pay gap was not approved;

 

(6) a stockholder proposal requesting that the Board appoint a Stockholder Value Committee to address whether the divestiture of all non-core banking business segments would enhance shareholder value was not approved;

 

(7) a stockholder proposal requesting a report on lobbying and grassroots lobbying contributions was not approved;

 

(8) a stockholder proposal requesting an amendment to the General Clawback Policy to provide that a substantial portion of annual total compensation of Executive Officers shall be deferred and forfeited, in part or whole, at the discretion of the Board, to help satisfy any monetary penalty associated with a violation of law was not approved; and

 

(9) a stockholder proposal requesting that the Board adopt a policy prohibiting the vesting of equity-based awards for senior executives due to a voluntary resignation to enter government service was not approved.

 

Set forth below, with respect to each such matter, are the number of votes cast for or against, the number of abstentions and the number of broker non-votes.

 

 

 

 

    FOR    AGAINST    ABSTAINED    

BROKER

NON-VOTES

 
(1)  Election of Directors                    
                     
Nominees                    
                     
Michael L. Corbat   2,030,711,899    17,522,990    1,957,877    257,584,148 
Ellen M. Costello   2,033,818,850    14,417,545    1,956,126    257,584,393 
Duncan P. Hennes   2,024,925,243    23,032,205    2,235,068    257,584,398 
Peter B. Henry   2,033,137,723    14,823,467    2,231,323    257,584,401 
Franz B. Humer   2,026,630,424    21,431,804    2,130,279    257,584,407 
Renée J. James   2,017,198,148    30,889,851    2,104,513    257,584,402 
Eugene M. McQuade   2,031,210,277    16,950,433    2,031,807    257,584,397 
Michael E. O'Neill   2,019,290,085    28,765,163    2,137,264    257,584,402 
Gary M. Reiner   2,024,346,483    23,502,549    2,343,471    257,584,411 
Anthony M. Santomero   2,030,495,244    17,509,158    2,188,114    257,584,398 
Diana L. Taylor   2,022,604,994    25,571,777    2,015,742    257,584,401 
William S. Thompson, Jr.   2,016,403,080    31,698,945    2,090,491    257,584,398 
James S. Turley   2,014,106,006    33,902,989    2,183,520    257,584,399 
Deborah C. Wright   2,032,315,185    15,778,647    2,098,686    257,584,396 
Ernesto Zedillo Ponce de Leon   2,016,218,860    31,873,234    2,100,422    257,584,398 

 

(2)  Ratification of Independent Registered Public Accounting Firm for 2017   2,244,507,066    60,669,694    2,600,154      
                     
(3)  Advisory approval of Citi’s 2016 Executive Compensation   1,966,683,384    68,568,814    14,924,758    257,599,958 

 

   1 Year   2 Years   3 Years         
(4)  Advisory approval of the Frequency of Future Advisory Votes on Executive Compensation   1,828,852,996    4,171,150    214,535,766    2,667,646    257,549,356 

 

(5)  Stockholder proposal requesting report on Company's policies and goals to reduce the gender pay gap   293,583,837    1,651,274,858    105,333,666    257,584,553 

 

(6)  Stockholder proposal requesting the Board appoint a Stockholder Value Committee to address whether the divestiture of all non-core banking business segments would enhance shareholder value   52,448,247    1,977,708,753    20,035,362    257,584,552 
                     
(7)  Stockholder proposal requesting a report on lobbying and grassroots lobbying contributions   621,674,911    1,388,487,273    39,998,118    257,616,612 

 

(8)  Stockholder proposal requesting an amendment to the General Clawback policy to provide that a substantial portion of annual total compensation of Executive Officers shall be deferred and forfeited, in part or whole, at the discretion of the Board, to help satisfy any monetary penalty associated with a violation of law   60,579,354    1,975,569,538    14,043,469    257,584,553 

 

(9) Stockholder proposal requesting that the Board adopt a policy prohibiting the vesting of equity-based awards for senior executives due to a voluntary resignation to enter government service
   724,812,051    1,319,566,127    5,818,124    257,580,612 

 

 

 

 

 

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.

 

    CITIGROUP INC.
Dated: April 28, 2017    
  By:

/s/ Rohan Weerasinghe

    Rohan Weerasinghe
    General Counsel and Corporate Secretary