NEW YORK--(BUSINESS WIRE)--Dec. 8, 2015--
MetLife, Inc. (NYSE:MET) today announced that its board of directors has
adopted proxy access amendments to the company’s bylaws, enabling
eligible shareholders to have their own director nominees included in
the company’s proxy materials. The board proactively adopted these
amendments as part of its ongoing commitment to corporate governance
best practices.
Under the amendments, the company will include in its proxy materials
nominees for up to 20 percent of the board who are proposed by a
shareholder, or a group of up to 20 shareholders, who own 3 percent or
more of the company’s outstanding shares of common stock continuously
for at least three years. The shareholders and nominees must satisfy
requirements specified in the bylaws. Proxy access will first be
available to shareholders in connection with MetLife's 2016 annual
shareholders meeting.
“MetLife is pleased to proactively enact proxy access for our
shareholders,” said Cheryl W. Grisé, lead director. “This decision by
the board is the result of our ongoing commitment to governance best
practices and responsiveness to our shareholders.”
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates
(“MetLife”), is one of the largest life insurance companies in the
world. Founded in 1868, MetLife is a global provider of life insurance,
annuities, employee benefits and asset management. Serving approximately
100 million customers, MetLife has operations in nearly 50 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.
Forward-Looking Statements
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” 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 financial results.
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"), 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 becomes 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
SEC.
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Source: MetLife, Inc.
MetLife, Inc.
Media:
John Calagna, 212-578-6252
or
Investors:
Edward
Spehar, 212-578-7888