Hartford Financial Services : The Hartford Announces Results of 2012 Annual Meeting
05/16/2012| 02:15pm US/Eastern
All proposals approved by more than 90 percent of shares voted
At its annual shareholder meeting today, The Hartford announced that
shareholders reelected the company's board of directors, ratified the
selection of the company's independent registered public accounting
firm, and supported the compensation of the company's named executive
officers through an advisory vote.
"We have made major improvements in our foundational capabilities by
strengthening the balance sheet, enhancing financial flexibility, and
establishing enterprise risk management practices," said The Hartford's
Chairman, President and CEO Liam E. McGee. "Going forward, we will
operate The Hartford with a sharper focus, concentrating our attention
and resources on our Property & Casualty, Group Benefits, and Mutual
Funds businesses. We will also continue to focus on reducing the size
and risk of the runoff business.
"As we continue to improve the fundamental performance and execution
within the organization, I am confident that we will, over time, deliver
sustained superior returns and greater shareholder value," said McGee.
Proposals approved by shareholders:
All of The Hartford's directors were reelected to the Board with each
director receiving the support of at least 90 percent of the shares
entitled to vote at the meeting, excluding abstentions.
Shareholders ratified the selection of Deloitte & Touche LLP as the
company's independent registered public accounting firm with support
from 96 percent of shares entitled to vote at the meeting.
Shareholders also approved the compensation of the company's named
executive officers through an advisory vote with support from 95
percent of shares entitled to vote at the meeting.
About The Hartford
The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading
provider of insurance and wealth management services for millions of
consumers and businesses worldwide. The Hartford is consistently
recognized for its superior service, its sustainability efforts and as
one of the world's most ethical companies. More information on the
company and its financial performance is available at www.thehartford.com.
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. We caution investors that these forward-looking statements are not
guarantees of future performance, and actual results may differ
materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include those discussed in our Quarterly Reports
on Form 10-Q, our 2010 Annual Report on Form 10-K and the other filings
we make with the Securities and Exchange Commission. We assume no
obligation to update this release, which speaks as of the date issued.
The Hartford Financial Services Group Inc.
Sabra Purtill, 860-547-8691
© Business Wire 2012