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4-Traders Homepage  >  Equities  >  Nyse  >  American International Group Inc    AIG

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American International Group, Inc. : AIG Announces Results of Its 2012 Annual Meeting of Shareholders

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05/16/2012 | 11:05pm CET

Shareholders of American International Group, Inc. (NYSE: AIG) today elected twelve directors at the company's annual meeting of shareholders. The shareholders also voted to support each of the proposals submitted by AIG.

Nominees to the Board were each elected with shares in favor of more than 96 percent of votes cast. The proposals submitted by AIG, including say-on-pay, were approved with shares in favor of more than 99 percent. The results were as follows:

(1)   Elected twelve directors as follows:
                   
Nominee   Votes For   Votes Against   Percentage For
Robert H. Benmosche   1,594,451,293   1,281,993   99.92%
W. Don Cornwell   1,593,878,813   1,840,558   99.88%
John H. Fitzpatrick   1,594,444,543   1,290,321   99.92%
Laurette T. Koellner   1,594,448,757   1,279,901   99.92%
Christopher S. Lynch   1,594,437,411   1,287,522   99.92%
Arthur C. Martinez   1,566,567,572   29,155,904   98.17%
George L. Miles, Jr.   1,533,751,001   61,922,070   96.12%
Henry S. Miller   1,594,389,787   1,331,227   99.92%
Robert S. Miller   1,594,398,896   1,321,931   99.92%
Suzanne Nora Johnson   1,593,987,508   1,742,118   99.89%
Ronald A. Rittenmeyer   1,593,929,661   1,793,298   99.89%
Douglas M. Steenland   1,593,894,635   1,826,577   99.89%
     
(2)  

Approved by a vote of 1,572,407,332 shares (99.19%) for and 12,768,844 shares (0.81%) against, a non-binding shareholder resolution to approve executive compensation.

 
(3) Approved by a vote of 1,657,820,201 shares (99.27%) for and 12,205,135 shares (0.73%) against, ratification of the selection of PricewaterhouseCoopers LLP as AIG's independent registered public accounting firm for 2012.
 

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

American International Group, Inc.
Jim Ankner (News Media)
(O): 212-770-3277
(C): 917-882-7677
or
Liz Werner (Investment Community)
(O): 212-770-7074


© Business Wire 2012
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Financials ($)
Sales 2017 49 352 M
EBIT 2017 6 547 M
Net income 2017 5 290 M
Debt 2017 -
Yield 2017 2,22%
P/E ratio 2017 12,04
P/E ratio 2018 9,98
Capi. / Sales 2017 1,32x
Capi. / Sales 2018 1,35x
Capitalization 65 357 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 68,9 $
Spread / Average Target 8,3%
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NameTitle
Peter D. Hancock President, Chief Executive Officer & Director
Douglas M. Steenland Independent Non-Executive Chairman
Jeffrey Joy Hurd Chief Operating Officer & Executive Vice President
Siddhartha Sankaran CFO, Chief Accounting Officer & EVP
Philip Fasano Chief Information Officer & Executive VP
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