Aon shareholders approve incentive plan and director elections at annual meeting

Published 03/07/2025, 22:16
Aon shareholders approve incentive plan and director elections at annual meeting

Aon plc (NYSE:AON) reported the results of its 2025 Annual General Meeting of Shareholders held on June 27, according to a statement based on a recent SEC filing. Shareholders approved all eight proposals presented at the meeting, including the election of 12 directors and amendments to the company’s incentive plan.

The approved directors are Lester B. Knight, Gregory C. Case, Jose Antonio Álvarez, Jin-Yong Cai, Jeffrey C. Campbell, Cheryl A. Francis, Adriana Karaboutis, Richard C. Notebaert, Gloria Santona, Sarah E. Smith, Byron O. Spruell, and James G. Stavridis. Each nominee received a majority of votes cast in favor.

Shareholders also approved an advisory vote on executive compensation, with 156,384,747 shares voting in favor, 19,184,418 against, and 818,458 abstaining.

The meeting included the ratification of Ernst & Young LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025. Ernst & Young Chartered Accountants was also re-appointed as the statutory auditor under Irish law, and the board was authorized to determine the auditor’s remuneration.

Further, shareholders authorized the board to issue Class A Ordinary Shares and to opt out of statutory pre-emption rights under Irish law for a period of 18 months from the date of the meeting.

The Aon plc 2011 Incentive Plan, as amended and restated, was approved. The amended plan increases by 3,800,000 the maximum number of Class A Ordinary Shares available for issuance and introduces a minimum vesting period of at least one year for all equity awards, subject to certain exceptions.

Additionally, on June 27, Aon Corporation and Gregory C. Case agreed to extend the term of Mr. Case’s international assignment letter by one year, now set to expire on June 30, 2026.

These matters were detailed in a press release statement and the related SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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