LINCOLN NATIONAL CORP 8-K

What Happened Lincoln National Corporation (LNC) filed an 8-K reporting the results of its 2026 Annual Meeting held May 28, 2026. All ten director nominees were elected to serve until the 2027 Annual Meeting. Shareholders also ratified Ernst & Young LLP as the company’s independent auditor and approved the advisory "say-on-pay" vote on executive compensation; a non-binding proposal to require an independent board chair was not approved.

Key Details

• Ten director nominees elected for terms expiring at the 2027 Annual Meeting; “For” votes per nominee ranged from about 135.65M to 141.17M shares. Broker non-votes for the director elections: 27,410,909.
• Auditor ratification (Ernst & Young LLP): For 167,591,614; Against 3,365,510; Abstentions 506,522. No broker non-votes.
• Advisory vote on executive compensation: For 101,944,594; Against 41,153,657; Abstentions 954,486; Broker non-votes 27,410,909.
• Shareholder proposal to require an independent board chair failed: For 40,910,999; Against 102,198,953; Abstentions 942,785; Broker non-votes 27,410,909.

Why It Matters These results confirm board continuity (all incumbent nominees elected) and retention of the auditor, reducing near-term governance uncertainty. Approval of the advisory executive compensation proposal indicates majority shareholder support for the company’s disclosed pay practices, while the failed independent-chair proposal means current chair arrangements will remain subject to the board’s existing governance structure. Investors should note the presence of substantial broker non-votes on director and compensation items, which reflects shares held in brokerage accounts that did not vote on those matters.