Corebridge Financial Announces Stockholder Approval of Merger with Equitable

What Happened

• Corebridge Financial, Inc. announced that at a July 30, 2026 special meeting its stockholders approved the Agreement and Plan of Merger with Equitable Holdings, Inc. (Merger Agreement dated March 26, 2026). As of the June 22, 2026 record date, 445,768,608 shares were outstanding; 366,791,290 shares (≈82.28%) were represented at the meeting.
• The company also reported stockholder approval of the Corebridge 2026 Employee Stock Purchase Plan (ESPP) and a non-binding advisory approval of executive compensation related to the merger.
• Corebridge and Equitable issued a joint press release saying required stockholder approvals have been obtained, the deal still requires regulatory approvals and other customary closing conditions, and is expected to close by year-end 2026.

Key Details

• Merger vote: For 366,176,877; Against 119,470; Abstain 494,943 (no broker non-votes).
• Advisory compensation vote: For 363,925,631; Against 2,585,612; Abstain 280,047.
• ESPP vote: For 365,387,899; Against 1,191,373; Abstain 212,018.
• Quorum: 366,791,290 shares present (≈82.28% of outstanding shares).

Why It Matters

• Stockholder approval clears a major constitutional step toward completing the merger with Equitable; the transaction’s timing now hinges on regulatory approvals and satisfaction of customary closing conditions.
• Approval of the ESPP establishes a new employee equity plan that may affect employee compensation and dilution over time.
• The non-binding advisory approval of executive compensation signals stockholder support for the deal-related pay arrangements, though it does not change company obligations and is advisory only.

For more detail, investors can review Corebridge’s definitive proxy statement filed on June 23, 2026 and the joint press release attached as Exhibit 99.1 to the 8-K.