Marsh & McLennan Companies Holds 2013 Shareholder Meeting
17 5월 2013 - 12:00AM
Business Wire
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
9% to $.25 per share on outstanding common stock. The dividend is
payable on August 15, 2013 to shareholders of record on July 11,
2013.
The Board also authorized an increase in the Company’s share
repurchase program, allowing management to buy back up to $1
billion of the Company’s common stock.
Marsh & McLennan Companies Independent Chairman of
the Board Lord Lang of Monkton said: “The Company's
effective capital management strategy allows Marsh &
McLennan Companies to strike a good balance between returning
cash to shareholders and investing in its businesses and its
people. Both the increase in the Company's quarterly
dividend and the increased share repurchase
program demonstrate that the Company is committed to
delivering enhanced value for its shareholders."
Marsh & McLennan Companies also announced that shareholders
re-elected the entire slate of 2013 director nominees for a
one-year term expiring at next year's annual meeting. They are:
Zachary W. Carter, Oscar Fanjul, Daniel S. Glaser, H. Edward
Hanway, Elaine La Roche, Lord Lang, Steven A. Mills, Bruce P.
Nolop, Marc D. Oken, Morton O. Schapiro, Adele Simmons, 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 2013 and
approved, by nonbinding vote, the compensation of the Company’s
named executive officers.
An audio webcast of the Marsh & McLennan Companies 2013
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 human capital. 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. Marsh & McLennan Companies’
approximately 54,000 colleagues worldwide provide analysis, advice,
and transactional capabilities to clients in more than 100
countries. The Company prides itself on being a responsible
corporate citizen and making a positive impact in the communities
in which it operates. Visit www.mmc.com for more information.
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements,” as
defined in the Private Securities Litigation Reform Act of 1995.
These statements, which express management's current views
concerning future events or results, use words like “anticipate,”
“assume,” “believe,” “continue,” “estimate,” “expect,” “future,”
“intend,” “plan,” “project” and similar terms, and future or
conditional tense verbs like “could,” “may,” “might,” “should,”
“will” and “would.” For example, we may use forward-looking
statements when addressing topics such as: the outcome of
contingencies; the expected impact of acquisitions and
dispositions; pension obligations; market and industry conditions;
the impact of foreign currency exchange rates; our effective tax
rates; the impact of competition; changes in our business
strategies and methods of generating revenue; the development and
performance of our services and products; changes in the
composition or level of our revenues; our cost structure, dividend
policy, cash flow and liquidity; future actions by regulators; and
the impact of changes in accounting rules.
Forward-looking statements are subject to inherent risks and
uncertainties. Factors that could cause actual results to differ
materially from those expressed or implied in our forward-looking
statements include, among other things:
- our exposure to potential liabilities
arising from errors and omissions claims against us, particularly
in our Marsh and Mercer businesses;
- our ability to make strategic
acquisitions and dispositions and to integrate, and realize
expected synergies, savings or strategic benefits from the
businesses we acquire;
- the impact of any regional, national or
global political, economic, regulatory or market conditions on our
results of operations and financial condition;
- changes in the funded status of our
global defined benefit pension plans and the impact of any
increased pension funding resulting from those changes;
- the impact of competition, including
with respect to our geographic reach, the sophistication and
quality of our services, our pricing relative to competitors, our
customers' option to self-insure or utilize internal resources
instead of consultants, and our corporate tax rates relative to a
number of our competitors;
- the extent to which we retain existing
clients and attract new business, and our ability to incentivize
and retain key employees;
- our exposure to potential criminal
sanctions or civil remedies if we fail to comply with foreign and
U.S. laws and regulations that are applicable to our international
operations, including trade sanctions laws such as the Iran Threat
Reduction and Syria Human Rights Act of 2012, anti-corruption laws
such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery
Act 2010, local laws prohibiting corrupt payments to government
officials, as well as import and export restrictions;
- our ability to maintain adequate
physical, technical and administrative safeguards to protect the
security of data;
- the impact of changes in interest rates
and deterioration of counterparty credit quality on our results
related to our cash balances and investment portfolios, including
corporate and fiduciary funds;
- the impact on our net income or cash
flows and our effective tax rate in a particular period caused by
settled tax audits and expired statutes of limitation;
- the impact on our net income caused by
fluctuations in foreign currency exchange rates;
- the potential impact of rating agency
actions on our cost of financing and ability to borrow, as well as
on our operating costs and competitive position;
- our ability to successfully recover
should we experience a disaster or other business continuity
problem;
- changes in applicable tax or accounting
requirements; and
- potential income statement effects from
the application of FASB's ASC Topic No. 740 (“Income Taxes”)
regarding accounting treatment of uncertain tax benefits and
valuation allowances, including the effect of any subsequent
adjustments to the estimates we use in applying this accounting
standard.
The factors identified above are not exhaustive. Marsh &
McLennan Companies and its subsidiaries operate in a dynamic
business environment in which new risks may emerge frequently.
Accordingly, we caution readers not to place undue reliance on the
above forward-looking statements, which speak only as of the dates
on which they are made. The Company undertakes no obligation to
update or revise any forward-looking statement to reflect events or
circumstances arising after the date on which it is made. Further
information concerning the Company and its businesses, including
information about factors that could materially affect our results
of operations and financial condition, is contained in the
Company's filings with the Securities and Exchange Commission,
including the “Risk Factors” section of our most recently filed
Annual Report on Form 10-K.
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