Core Points - Brookfield Reinsurance has successfully held its annual general and special meeting of shareholders, with all proposed business items approved [1] - The company plans to change its name from "Brookfield Reinsurance" to "Brookfield Wealth Solutions" at a time determined by the board [4] - Shareholders approved amendments to the bye-laws aimed at simplifying and enhancing the capital structure, including a re-designation of class A-1 shares into class A shares [5] Election of Directors - All five nominees for the board of directors from class A shares were elected with high approval rates, including Soonyoung Chang at 99.60% and Michele Coleman Mayes at 99.28% [3] - The holder of class B shares voted for all five nominees proposed for election, which included Barry Blattman and Gregory Morrison [3] Capital Structure Changes - The bye-law amendments will ensure no shareholder can vote more than 9.9% of class A shares, regardless of economic ownership [5] - The implementation of these amendments is anticipated during the third fiscal quarter of 2024, with at least 5 days' notice to be provided [5] Escrowed Stock Plan - Shareholders approved an escrowed stock plan, with Brookfield Reinsurance and Brookfield Corporation receiving exemptive relief from the Ontario Securities Commission for its implementation [6] Additional Information - A summary of all votes cast at the meeting is available on the SEC's EDGAR website and Brookfield Reinsurance's SEDAR profile [7] - Brookfield Reinsurance is positioned as a leading wealth solutions provider, focusing on financial futures through wealth protection and retirement services [8]
Brookfield Reinsurance Announces Voting Results from Shareholder Meeting