NEW YORK--(BUSINESS WIRE)--Aug. 10, 2017--
MetLife, Inc. (NYSE:MET) announced today it will hold a special meeting
of its common stock shareholders on Thursday, October 19, 2017, to
approve changes to dividend payment tests in the Company’s charter.
These changes would avoid potential dividend and common stock repurchase
restrictions which could occur as a result of the August 4, 2017
spin-off of Brighthouse Financial, Inc. Shareholders will also be asked
to approve the adjournment of the special meeting, if necessary or
appropriate, to solicit additional proxies. The special meeting of
MetLife shareholders will begin at 2:30 p.m. (EDT) in New York City.
MetLife shareholders of record at the close of business on September 5,
2017 will be entitled to vote at the special meeting.
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.
Cautionary Note Regarding Forward-Looking
This news release may contain or incorporate by reference information
that includes or is based upon forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements give expectations or forecasts of future
events. These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” “will,” “continuing,” “potential,” and other words and terms
of similar meaning, or are tied to future periods, in connection with a
discussion of future operating or financial performance. In particular,
these include statements relating to future actions, prospective
services or products, future performance or results of current and
anticipated services or products, sales efforts, expenses, the outcome
of contingencies such as legal proceedings, trends in operations and
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"), any 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 become 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
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect
of the proposed changes to dividend payment tests in the Company’s
charter, for which MetLife filed a preliminary proxy statement with the
SEC on August 10, 2017, and intends to file a definitive proxy statement
with the SEC (which MetLife will disseminate to shareholders in advance
of the special shareholder meeting on October 19, 2017).
BEFORE MAKING ANY VOTING DECISION, METLIFE’S SHAREHOLDERS ARE URGED TO
READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER DOCUMENTS TO BE FILED
WITH THE SEC IN CONNECTION WITH THE PROPOSED CHANGES TO THE COMPANY’S
CHARTER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE PROPOSED CHANGES TO THE COMPANY'S CHARTER.
Investors and security holders will be able to obtain, free of charge, a
copy of the definitive proxy statement (when available) and other
relevant documents filed with the SEC from the SEC’s website at www.sec.gov.
In addition, the proxy statement and MetLife's annual reports on Form
10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and
amendments to those reports filed or furnished pursuant to section 13(a)
or 15(d) of the Exchange Act will be available free of charge through
MetLife’s website at www.metlife.com
as soon as reasonably practicable after they are electronically filed
with, or furnished to, the SEC.
Participants in Solicitation
MetLife and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the holders of MetLife
common stock in respect of the proposed changes to the Company's
charter. Information about the directors and executive officers of
MetLife can be found in MetLife’s Definitive Proxy Statement, filed with
the SEC on April 27, 2017, for MetLife’s Annual Meeting of Shareholders.
Other information regarding the participants in the proxy solicitation
will be contained in the definitive proxy statement that will be filed
with the SEC in connection with the proposed changes to dividend payment
tests in the Company’s charter.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170810005597/en/
Source: MetLife, Inc.
John Calagna, 212-578-6252
John Hall, 212-578-7888