Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 13

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 13
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POSAL 1: ELECTION OF DIRECTORS

Introduction**

Eight directors, which will constitute our entire Board of Directors following the Annual Meeting, are expected to be elected at

the Annual Meeting to serve until the 2026 Annual Meeting of Stockholders and until their respective successors are duly elected

and qualified. The Board of Directors, upon the recommendation of the Nominating and Governance Committee, has nominated

Karen L. Alvingham, Dwight D. Churchill, Annette Franqui, Jay C. Horgen, Félix V. Matos Rodríguez, Tracy P. Palandjian, David C.

Ryan, and Loren M. Starr to serve as directors. Each of these director nominees is currently serving as a director of the Company.

As more fully discussed below in the “Corporate Governance Matters and Meetings of the Board of Directors and Committees”

section of this Proxy Statement, the Board of Directors has determined that seven of its eight director nominees, Lady Alvingham,

Mr. Churchill, Ms. Franqui, Dr. Matos Rodríguez, Ms. Palandjian, Mr. Ryan, and Mr. Starr have no material relationship with the

Company and, therefore, are independent for purposes of NYSE listing standards. The Board of Directors expects that each of the

director nominees will, if elected, serve as a director for the new term. However, if any person nominated by the Board of Directors

is unable to accept election, the proxies will be voted for the election of such other person or persons as the Board of Directors may

recommend.

The Company’s by-laws (as amended and restated, the “By-laws”) provide for majority voting in uncontested director elections.

Under the majority voting standard, directors are elected by a majority of the votes cast, which means that the number of shares

voted “for” a director must exceed the number of shares voted “against” that director. In a contested election (a situation in which

the number of nominees exceeds the number of directors to be elected), the standard for the election of directors will be a plurality

of the votes cast. Abstentions and broker non-votes will have no effect on the outcome of the vote on the election of directors.

Under our Corporate Governance Guidelines, the Nominating and Governance Committee has established procedures for any

incumbent director who is not re-elected to tender his or her offer to resign. Upon receiving the director’s offer to resign, the

Nominating and Governance Committee will