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EX-3.1 - EX-3.1 - Chubb Ltdd571826dex31.htm

 

 

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 17, 2018

 

 

CHUBB LIMITED

(Exact name of registrant as specified in its charter)

 

 

 

Switzerland   1-11778   98-0091805

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

Baerengasse 32

CH-8001 Zurich, Switzerland

(Address of principal executive offices)

Registrant’s telephone number, including area code: +41 (0)43 456 76 00

 

 

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))

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.  ☐

 

 

 


Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

At the Chubb Limited (“Company”) Annual General Meeting of Shareholders (“annual general meeting”) held on May 17, 2018, the Company’s shareholders approved an amendment to Article 6(a) of the Articles of Association to authorize the Company’s Board of Directors to increase the Company’s share capital within two years following the 2018 annual general meeting to a maximum amount equal to CHF 4,830,000,000, which amount would be divided into 200,000,000 shares. In connection therewith, the amendment limits or withdraws the shareholders’ pre-emptive rights in specified and limited circumstances, all as further described in the Company’s 2018 Proxy Statement under the heading “Agenda Item 9: Amendment to the Articles of Association Relating to Authorized Share Capital for General Purposes”. The Company’s amended Articles of Association containing the amendment will become effective upon registration with the Commercial Register of the Canton of Zurich, Switzerland (“Swiss Commercial Register”). Subject to the subsequent approval by the Swiss Federal Commercial Register Office, the effective date of such registration is expected to be on or about May 18, 2018.

A copy of the amended Articles of Association is attached hereto as Exhibit 3.1 and is incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders

The Company convened its annual general meeting on May 17, 2018 pursuant to notice duly given. The agenda items submitted at the annual general meeting were passed. The matters voted upon at the meeting and the results of such voting are set forth below.

The vote required to approve each agenda item noted below is described in the Proxy Statement under the headings “What vote is required to approve each agenda item?” and “What is the effect of broker non-votes and abstentions?”.

 

1. Approval of the management report, standalone financial statements and consolidated financial statements of Chubb Limited for the year ended December 31, 2017

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  418,035,234        165,204        896,791        0  

 

2.1 Allocation of disposable profit

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  418,497,160        257,053        343,016        0  

 

2.2 Distribution of a dividend out of legal reserves (by way of release and allocation to a dividend reserve)

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  418,656,332        159,882        281,015        0  

 

3. Discharge of the Board of Directors

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  386,770,786        928,489        1,073,064        29,473,062  

The voting results for Agenda Item 3 exclude shares held by the Company’s directors and executive officers, who are not permitted by law to vote their shares on the discharge of the Board of Directors.

 

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4.1 Election of PricewaterhouseCoopers AG (Zurich) as the Company’s statutory auditor for the year ending December 31, 2018

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  412,555,317        6,302,282        239,630        0  

 

4.2 Ratification of appointment of PricewaterhouseCoopers LLP (United States) as independent registered public accounting firm for purposes of U.S. securities law reporting for the year ending December 31, 2018

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  413,028,771        5,819,286        249,172        0  

 

4.3 Election of BDO AG (Zurich) as special audit firm until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  418,538,993        289,506        268,730        0  

 

5.1 Election of Evan G. Greenberg as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  382,681,572        5,143,510        1,799,085        29,473,062  

 

5.2 Election of Robert M. Hernandez as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  382,088,242        7,363,058        172,867        29,473,062  

 

5.3 Election of Michael G. Atieh as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  381,327,164        8,124,443        172,560        29,473,062  

 

5.4 Election of Sheila P. Burke as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  388,950,449        516,372        157,346        29,473,062  

 

5.5 Election of James I. Cash as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  388,387,552        1,068,191        168,424        29,473,062  

 

5.6 Election of Mary Cirillo as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  385,257,415        4,190,359        176,393        29,473,062  

 

3


5.7 Election of Michael P. Connors as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  331,110,430        57,820,526        693,211        29,473,062  

 

5.8 Election of John A. Edwardson as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  379,060,598        10,375,082        188,487        29,473,062  

 

5.9 Election of Kimberly A. Ross as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  389,244,217        226,271        153,679        29,473,062  

 

5.10 Election of Robert W. Scully as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  384,184,007        5,284,296        155,864        29,473,062  

 

5.11 Election of Eugene B. Shanks, Jr. as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  389,110,675        327,696        185,796        29,473,062  

 

5.12 Election of Theodore E. Shasta as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  388,998,290        451,709        174,168        29,473,062  

 

5.13 Election of David H. Sidwell as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  389,128,261        317,325        178,581        29,473,062  

 

5.14 Election of Olivier Steimer as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  388,967,997        483,160        173,010        29,473,062  

 

5.15 Election of James M. Zimmerman as director until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  388,414,452        1,036,622        173,093        29,473,062  

 

4


6. Election of Evan G. Greenberg as the Chairman of the Board of Directors until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  303,782,231        84,026,026        1,815,910        29,473,062  

 

7.1 Election of Michael P. Connors as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  341,441,134        47,983,447        199,586        29,473,062  

 

7.2 Election of Mary Cirillo as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  384,790,222        4,636,535        197,410        29,473,062  

 

7.3 Election of Robert M. Hernandez as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  382,606,949        6,811,091        206,127        29,473,062  

 

7.4 Election of James M. Zimmerman as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  388,621,110        800,500        202,557        29,473,062  

 

8. Election of Homburger AG as independent proxy until the conclusion of the Company’s next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  418,491,766        283,660        321,803        0  

 

9. Amendment to the Articles of Association relating to authorized share capital for general purposes

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  404,118,595        14,567,257        411,377        0  

 

10.1 Compensation of the Board of Directors until the next annual general meeting

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  387,583,112        1,276,493        764,562        29,473,062  

 

5


10.2 Compensation of Executive Management for the next calendar year

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  385,867,346        2,966,266        790,555        29,473,062  

 

11. Advisory vote to approve executive compensation under U.S. securities law requirements

 

Shares Voted For      Shares Voted Against      Shares Abstained      Broker Non-Votes  
  376,219,873        11,659,449        1,744,845        29,473,062  

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit Number

  

Description

3.1    Articles of Association of the Company as amended
4.1    Articles of Association of the Company as amended (Incorporated by reference to Exhibit 3.1)

 

6


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.

 

CHUBB LIMITED
By:   /s/ Joseph F. Wayland
  Joseph F. Wayland
  General Counsel

DATE: May 18, 2018