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    Wells Fargo & Company filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

    5/2/25 4:32:39 PM ET
    $WFC
    Major Banks
    Finance
    Get the next $WFC alert in real time by email
    wfc-20250429
    WELLS FARGO & COMPANY/MN0000072971falseNYSE00000729712025-04-292025-04-290000072971us-gaap:CommonStockMember2025-04-292025-04-290000072971wfc:A7.5NonCumulativePerpetualConvertibleClassAPreferredStockSeriesLMember2025-04-292025-04-290000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesYMember2025-04-292025-04-290000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesZMember2025-04-292025-04-290000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesAAMember2025-04-292025-04-290000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesCCMember2025-04-292025-04-290000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesDDMember2025-04-292025-04-290000072971wfc:GuaranteeofMediumTermNotesSeriesAdueOctober302028ofWellsFargoFinanceLLCMember2025-04-292025-04-29

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    FORM 8-K

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (date of earliest event reported): April 29, 2025

    WELLS FARGO & COMPANY
    (Exact name of registrant as specified in its charter)
    Delaware 001-02979 No. 41-0449260
    (State or Other Jurisdiction
    of Incorporation)
     (Commission File
    Number)
     (IRS Employer
    Identification No.)
                
    420 Montgomery Street, San Francisco, California 94104
    (Address of principal executive offices) (Zip Code)

    Registrant's telephone number, including area code: 415-371-2921


        Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
        ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
        ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
        ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
        ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of Each Class
    Trading Symbol
    Name of Each Exchange
    on Which Registered
    Common Stock, par value $1-2/3
    WFC
    New York Stock
    Exchange
    (NYSE)
    7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L
    WFC.PRL
    NYSE
    Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y
    WFC.PRY
    NYSE
    Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z
    WFC.PRZ
    NYSE
    Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA
    WFC.PRA
    NYSE
    Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC
    WFC.PRC
    NYSE
    Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD
    WFC.PRD
    NYSE
    Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC
    WFC/28A
    NYSE

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b‑2).
    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



    Item 5.07     Submission of Matters to a Vote of Security Holders.

    The Company held its annual meeting of shareholders on April 29, 2025 (“2025 Annual Meeting”). At the 2025 Annual Meeting, shareholders elected the 13 director nominees nominated by the Board as each director nominee received a greater number of votes cast “for” his or her election than votes cast “against” his or her election, as reflected below. In addition, shareholders approved, on an advisory basis, the compensation of the Company’s named executives as disclosed in the Proxy Statement, and ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2025. The four shareholder proposals presented at the 2025 Annual Meeting described below did not receive majority support. The final voting results for each item presented at the 2025 Annual Meeting are set forth below. Voting results are, when applicable, reported by rounding fractional share voting up or down to the nearest round number.

    Election of Director Nominees
    DIRECTORFOR
    %1
    AGAINSTABSTENTIONSBROKER
    NON-VOTES
    Steven D. Black2,485,452,210 97.51%63,565,703 11,935,591 291,297,408 
    Mark A. Chancy2,509,387,741 98.44%39,720,701 11,845,062 291,297,408 
    Celeste A. Clark2,473,931,496 97.06%75,055,835 11,966,173 291,297,408 
    Theodore F. Craver, Jr.2,488,103,170 97.61%60,983,083 11,867,251 291,297,408 
    Richard K. Davis2,499,290,349 98.05%49,731,068 11,932,087 291,297,408 
    Fabian T. Garcia2,520,404,238 98.87%28,896,445 11,652,821 291,297,408 
    Wayne M. Hewett2,444,777,142 95.91%104,249,806 11,926,556 291,297,408 
    CeCelia G. Morken
    2,482,922,064 97.43%65,505,971 12,525,469 291,297,408 
    Maria R. Morris2,453,829,683 96.21%96,769,924 10,353,897 291,297,408 
    Felicia F. Norwood2,503,843,802 98.18%46,355,245 10,754,457 291,297,408 
    Ronald L. Sargent2,312,550,836 90.91%231,093,504 17,309,164 291,297,408 
    Charles W. Scharf2,508,907,788 98.44%39,867,046 12,178,670 291,297,408 
    Suzanne M. Vautrinot2,487,496,376 97.53%62,987,255 10,469,873 291,297,408 

    Advisory Vote to Approve Executive Compensation (Say on Pay)
    FOR
    %2
    AGAINSTABSTENTIONS
    BROKER
    NON-VOTES
    2,367,075,302 92.43%178,734,946 15,143,256 291,297,408 
    Ratify the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for 2025
    FOR
    %2
    AGAINSTABSTENTIONS
    BROKER
    NON-VOTES
    2,692,904,503 94.41%149,445,241 9,901,168 — 
    _________________________________
    1 Votes cast for the proposal as a percentage of total votes cast for and against.
    2 Votes cast for the proposal as a percentage of total votes cast for and against and abstentions.





    Shareholder Proposal – Annual Report on Prevention of Workplace Harassment and Discrimination
    FOR
    %2
    AGAINSTABSTENTIONS
    BROKER
    NON-VOTES
    387,372,669 15.13%2,144,633,205 28,947,630 291,297,408 
    Shareholder Proposal – Annual Report on Congruency of Political Spending and Corporate Values
     FOR
    %2
    AGAINSTABSTENTIONS
    BROKER
    NON-VOTES
    285,664,310 11.15%2,247,614,847 27,674,347 291,297,408 
    Shareholder Proposal – Energy Supply Ratio
     FOR
    %2
    AGAINSTABSTENTIONS
    BROKER
    NON-VOTES
    453,887,990 17.72%2,069,315,238 37,750,276 291,297,408 
    Shareholder Proposal – Report on Respecting Indigenous Peoples’ Rights
     FOR
    %2
    AGAINSTABSTENTIONS
    BROKER
    NON-VOTES
    305,990,431 11.95%2,222,665,081 32,297,992 291,297,408 






    SIGNATURE
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
    Dated:May 2, 2025WELLS FARGO & COMPANY
    By: /s/ EMMA M. BAILEY
    Emma M. Bailey
    Executive Vice President, Deputy General Counsel and Secretary



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