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AI brief of an SEC Form 8-K · Lincoln Financial (LNC)

Lincoln National shareholders approve 2020 Plan increase; all 10 directors elected

Neutral Impact 3 of 5 shareholder Written later

At its May 22, 2025 annual meeting, Lincoln National's shareholders approved Amendment No. 4 to the 2020 Incentive Compensation Plan, adding 1,750,000 shares for a total of 17,800,000 and raising the maximum cash award for non-director participants from $8,000,000 to $12,000,000. The Board also reduced its authorized size from eleven to ten members, and shareholders did not approve a non-binding proposal requiring an independent board chair.

Key points

  • Plan share authorization rose by 1,750,000 shares to 17,800,000, and the cash award cap increased from $8,000,000 to $12,000,000
  • Bylaws amended effective May 22, 2025 to cut authorized Board seats from eleven to ten
  • Independent board chair proposal not approved: 44,660,726 for and 71,754,818 against
  • All ten director nominees elected; Ernst & Young LLP ratified as 2025 auditor with 142,755,514 votes for

The filing

CompanyLincoln Financial (LNC)
Form8-K, current report
Filed with the SECMay 23, 2025, 7:40 AM ET
Accession number0000059558-25-000049

Items reported: 5.02 Director / Officer Change5.03 Bylaw / Charter Amendment5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.