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CLEVELAND, OH – KeyCorp (NYSE:KEY) announced the results of shareholder votes at its Annual Meeting held on May 15, 2025. Shareholders elected all fifteen director nominees proposed by the Board of Directors. Each director received a majority of votes cast for their election over votes against. Additionally, shareholders ratified the appointment of Ernst & Young LLP as independent auditors for the fiscal year 2025 and approved, on an advisory basis, the executive compensation as outlined in the company’s definitive proxy statement filed with the SEC on March 28, 2025.
The detailed voting results for the election of directors indicated solid support for the Board’s nominees, with votes cast for each director far exceeding those against. The ratification of Ernst & Young LLP as the company’s independent auditors received overwhelming support, with 958,003,101 votes for, 30,704,300 against, and 1,128,768 abstentions. The advisory approval of KeyCorp’s executive compensation also passed with a significant majority, receiving 570,696,333 votes for, 332,498,701 against, and 2,099,656 abstentions.
KeyCorp’s commitment to transparency and shareholder engagement was evident in the high level of participation at the Annual Meeting. The results reflect shareholder confidence in the company’s leadership and strategic direction.
This report is based on information provided by KeyCorp in a recent SEC filing.
In other recent news, KeyCorp reported strong financial results for the first quarter of 2025, exceeding analysts’ expectations. The company achieved earnings per share of $0.33, surpassing the forecast of $0.32, and reported revenue of $1.8 billion, which was higher than the anticipated $1.75 billion. The financial services company also announced dividends for its common and preferred shares for the second quarter of 2025, continuing its practice of returning value to shareholders. KeyCorp’s common share dividend is set at $0.205 per share, payable in June 2025.
Analysts from various firms have noted KeyCorp’s robust capital position, with a CET1 ratio of 11.8%, and highlighted the company’s strong performance in commercial mortgage servicing and investment banking fees. Additionally, KeyCorp’s revenue saw a 16% year-over-year increase, reflecting solid growth in its commercial payments business. The company has authorized a $1 billion share repurchase plan, indicating confidence in its financial health and future prospects.
KeyCorp is also navigating economic uncertainties, with its management prepared for a range of potential scenarios. The company maintains its guidance for 20% net interest income growth and expects fee growth to exceed 5% for the year. These developments demonstrate KeyCorp’s resilience and strategic positioning amid a challenging economic environment.
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