JPMorgan Chase & Co. (JPM) said Tuesday it has received shareholders approval for all of its management proposals including directorial election, executive compensation approval, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm.
The shareholders have also approved the company's amendment to the restated certificate of Incorporation authorizing shareholder action by written consent, and reapproval of the Key Executive Performance Plan.
However, none of the four shareholder proposals were approved at the annual meeting of shareholders.
Lee Raymond, Presiding Director of the Board said, "Our discussions with shareholders throughout this process have been constructive. The Board will continue to review its current structure and composition in light of today's feedback and with the best interest of shareholders in mind."
Additionally, the Board of Directors has declared a quarterly dividend of 38 cents per share on its common stock, up from the prior dividend of 30 cents per share. The dividend is payable on July 31, to stockholders on record on July 5.
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