Wells Fargo shareholders elect all 12 directors; six shareholder proposals fail
At its April 28, 2026 annual meeting, Wells Fargo shareholders elected all 12 director nominees and approved an amendment and restatement of the 2022 Long-Term Incentive Plan. They also approved executive pay on an advisory basis and ratified KPMG LLP as the independent auditor for 2026. All six shareholder proposals failed to win majority support, with the highest, a call for an independent chair, receiving 33.90% in favor.
Key points
- Amended 2022 Long-Term Incentive Plan approved with 95.93% of votes cast for or against (2,337,239,396 for; 99,219,067 against)
- Advisory say-on-pay vote approved with 65.53% of votes cast for or against (1,604,792,488 for; 831,262,731 against)
- KPMG LLP ratified for 2026 with 93.60% in favor; all six shareholder proposals fell short of majority support
- Full text of the amended plan is filed as Exhibit 10(a)
The filing
Written by AI on Nov 8, 2026, 2:16 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 April 30, 2026.
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.