METLIFE ADOPTS PROXY ACCESS BYLAW AMENDMENT
NEW YORK, December 08, 2015
MetLife, Inc. (NYSE: MET) today announced that its board of directors has adopted proxy access amendments to the company’s bylaws, enabling eligible shareholders to have their own director nominees included in the company’s proxy materials. The board proactively adopted these amendments as part of its ongoing commitment to corporate governance best practices.
Under the amendments, the company will include in its proxy materials nominees for up to 20 percent of the board who are proposed by a shareholder, or a group of up to 20 shareholders, who own 3 percent or more of the company’s outstanding shares of common stock continuously for at least three years. The shareholders and nominees must satisfy requirements specified in the bylaws. Proxy access will first be available to shareholders in connection with MetLife's 2016 annual shareholders meeting.
“MetLife is pleased to proactively enact proxy access for our shareholders,” said Cheryl W. Grisé, lead director. “This decision by the board is the result of our ongoing commitment to governance best practices and responsiveness to our shareholders.”
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
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Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties, and other factors that might cause such differences include the risks, uncertainties and other factors identified in MetLife, Inc.’s most recent Annual Report on Form 10-K (the "Annual Report") filed with the U.S. Securities and Exchange Commission (the "SEC"), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC after the date of the Annual Report under the captions "Note Regarding Forward-Looking Statements" and "Risk Factors," and other filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later becomes aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.