MetLife shareholders approved changes to dividend payment tests in the company’s charter.
OREANDA-NEWS. October 20, 2017. MetLife, Inc. (NYSE:MET) announced that the company’s shareholders today approved changes to dividend payment tests in the company’s charter. These changes avoid potential restrictions on preferred stock and common stock dividends and repurchases of common stock, which could have occurred as a result of the Aug. 4, 2017 spin-off of Brighthouse Financial, Inc.
The MetLife board of directors recommended a vote in favor of the proposal. The final vote total will be included in a Form 8-K that will be filed with the U.S. Securities and Exchange Commission within four business days following today’s meeting. Further details on the proposals can be found in the special meeting proxy statement, which is available in the Investor Relations section of www.metlife.com.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 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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