UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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CITIGROUP INC.
Current Report on Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 29, 2025, the stockholders of Citigroup Inc. (Citigroup or Citi), upon recommendation of Citigroup’s Board of Directors (Board), approved an amendment to the Citigroup 2019 Stock Incentive Plan (the 2019 Plan), which was first approved by stockholders on April 16, 2019. The amendment to the 2019 Plan increases the authorized number of shares available for grant under the 2019 Plan by 30 million.
The 2019 Plan is described in greater detail in proposal 4 in Citigroup’s Proxy Statement for the 2025 Annual Meeting of Stockholders (Proxy Statement). The Proxy Statement, which includes an appendix with a full copy of the 2019 Plan, was filed with the U.S. Securities and Exchange Commission on March 18, 2025. The descriptions of the 2019 Plan contained herein and in the Proxy Statement are qualified in their entirety by reference to the full text of the 2019 Plan set forth in Exhibit 10.1 to this Current Report on Form 8-K.
Item 5.07 Submission of Matters to a Vote of Security Holders.
Citigroup's 2025 Annual Meeting of Stockholders was held on April 29, 2025. At the meeting:
(1)12 persons were elected to serve as directors of Citigroup;
(2)the selection of KPMG LLP to serve as the independent registered public accounting firm of Citigroup for 2025 was ratified;
(3)an advisory vote to approve our 2024 Executive Compensation was approved;
(4)a proposal to approve additional shares for the Citigroup 2019 Stock Incentive Plan was approved;
(5)a stockholder proposal requesting a shareholder vote regarding excessive golden parachutes was not approved;
(6)a stockholder proposal requesting a report on the effectiveness of Citi's policies and practices in respecting Indigenous Peoples' rights in Citi's existing and proposed financing was not approved;
(7)a stockholder proposal requesting a report on financial statement assumptions and climate change was not approved; and
(8)a stockholder proposal requesting a report disclosing the Board’s oversight regarding the material risks associated with animal welfare was not approved.
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Set forth below, with respect to each such matter, are the number of votes cast for or against, the number of abstentions and the number of broker non-votes.
| FOR |
| AGAINST |
| ABSTAINED |
| BROKER NON-VOTES | |
(1) Election of Directors Nominees | ||||||||
Titi Cole | 1,354,430,123 | 26,012,539 | 2,272,213 | 193,116,591 | ||||
Ellen M. Costello | 1,371,871,128 | 8,724,150 | 2,119,597 | 193,116,591 | ||||
Grace E. Dailey | 1,372,232,562 | 8,331,875 | 2,150,438 | 193,116,591 | ||||
John C. Dugan | 1,349,270,784 | 31,349,970 | 2,094,121 | 193,116,591 | ||||
Jane N. Fraser | 1,361,659,152 | 19,122,229 | 1,933,494 | 193,116,591 | ||||
Duncan P. Hennes | 1,311,488,677 | 69,019,185 | 2,207,013 | 193,116,591 | ||||
Peter B. Henry | 1,355,423,722 | 24,287,755 | 3,003,398 | 193,116,591 | ||||
Renée J. James | 1,327,411,685 | 53,034,773 | 2,268,417 | 193,116,591 | ||||
Gary M. Reiner | 1,336,378,442 | 44,148,179 | 2,188,255 | 193,116,591 | ||||
Diana L. Taylor | 1,317,128,789 | 63,480,476 | 2,105,609 | 193,116,591 | ||||
James S. Turley | 1,310,324,643 | 70,166,966 | 2,223,266 | 193,116,591 | ||||
Casper W. von Koskull | 1,352,876,414 | 27,580,761 | 2,257,700 | 193,116,591 | ||||
(2) Proposal to ratify the selection of KPMG LLP as Citi's independent registered public accounting firm for 2025. | 1,470,127,163 | 104,045,935 | 1,658,369 | |||||
(3) Advisory vote to approve our 2024 Executive Compensation. | 1,261,018,292 | 118,809,977 | 2,886,606 | 193,116,591 | ||||
(4) Approval of additional shares for the Citigroup 2019 Stock Incentive Plan. | 994,347,749 | 386,225,386 | 2,141,740 | 193,116,591 | ||||
(5) Stockholder proposal requesting a shareholder vote regarding excessive golden parachutes. | 438,183,762 | 937,797,737 | 6,733,376 | 193,116,591 | ||||
(6) Stockholder proposal requesting a report on the effectiveness of Citi's policies and practices in respecting Indigenous Peoples' rights in Citi's existing and proposed financing. | 184,998,970 | 1,181,162,957 | 16,552,948 | 193,116,591 | ||||
(7) Stockholder proposal requesting a report on financial statement assumptions and climate change. | 15,288,083 | 1,350,796,260 | 16,630,532 | 193,116,591 | ||||
(8) Stockholder proposal requesting a report disclosing the Board’s oversight regarding material risks associated with animal welfare. | 85,615,890 | 1,276,964,635 | 20,134,350 | 193,116,591 |
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit |
| |
10.1 | Citigroup 2019 Stock Incentive Plan (as amended and restated as of April 29, 2025). | |
99.1 | ||
104 | See the cover page of this Current Report on Form 8-K, formatted in Inline XBRL. |
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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.
| CITIGROUP INC. | |
Dated: May 1, 2025 | ||
By: | /s/ Brent J. McIntosh | |
Brent J. McIntosh | ||
Chief Legal Officer & Corporate Secretary |
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