Marsh & McLennan Companies Holds 2015 Shareholder Meeting
May 21 2015 - 10:30AM
Business Wire
Quarterly Dividend Increased 11%
Share Repurchase Program Increased to $2
Billion
Marsh & McLennan Companies, Inc. (NYSE:MMC) today held its
annual meeting of shareholders at which the Company announced that
its Board of Directors voted to increase both the Company’s
quarterly cash dividend and share repurchase program.
The Board of Directors increased the quarterly cash dividend by
11% from $.28 to $.31 per share on outstanding common stock. The
dividend is payable on August 14, 2015 to shareholders of record on
July 10, 2015.
The Board also authorized an increase in the Company’s share
repurchase program, allowing management to buy back up to $2
billion of the Company’s common stock going forward, which
supersedes any prior authorization.
Marsh & McLennan Companies Independent Chairman of
the Board Lord Lang of Monkton said: “Today’s actions to
increase Marsh & McLennan’s quarterly dividend and share
repurchase program demonstrate the Company’s commitment to creating
long-term value for shareholders. The ability to return capital to
investors while also investing in growth and efficiencies is a
hallmark of effective capital management.”
Marsh & McLennan Companies also announced that shareholders
elected the entire slate of 2015 director nominees for a one-year
term expiring at next year's annual meeting. They are: Oscar
Fanjul, Daniel S. Glaser, H. Edward Hanway, Lord Lang, Elaine La
Roche, Maria Silvia Bastos Marques, Steven A. Mills, Bruce P.
Nolop, Marc D. Oken, Morton O. Schapiro, Lloyd M. Yates and R.
David Yost.
In further business at the annual meeting, shareholders ratified
the selection of Deloitte & Touche LLP as the Company's
independent registered public accounting firm for 2015 and
approved, by nonbinding vote, the compensation of the Company’s
named executive officers.
An audio webcast of the Marsh & McLennan Companies 2015
annual meeting can be accessed at www.mmc.com.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE:MMC) is a global
professional services firm offering clients advice and solutions in
the areas of risk, strategy and people. Marsh is a global leader in
insurance broking and risk management; Guy Carpenter is a global
leader in providing risk and reinsurance intermediary services;
Mercer is a global leader in talent, health, retirement, and
investment consulting; and Oliver Wyman is a global leader in
management consulting. With annual revenue of $13 billion and
57,000 colleagues worldwide, Marsh & McLennan Companies
provides analysis, advice and transactional capabilities to clients
in more than 130 countries. The Company is committed to being a
responsible corporate citizen and making a positive impact in the
communities in which it operates. Visit www.mmc.com for more
information.
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version on businesswire.com: http://www.businesswire.com/news/home/20150521005916/en/
Marsh & McLennan CompaniesMedia:Edward L. Dandridge,
+1-212-345-9751ed.dandridge@mmc.comorInvestor:Keith Walsh,
+1-212-345-0057keith.walsh@mmc.com
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