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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 or 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 26, 2023

Commission File Number: 001-14965

 

 

The Goldman Sachs Group, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   13-4019460

(State or other jurisdiction of

incorporation or organization)

  

(IRS Employer

Identification No.)

 

200 West Street, New York, N.Y.   10282
(Address of principal executive offices)   (Zip Code)

(212) 902-1000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

    Trading
Symbol		    Exchange
on which
registered
Common stock, par value $.01 per share    GS    NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series A    GS PrA    NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series C    GS PrC    NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock, Series D    GS PrD    NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J    GS PrJ    NYSE
Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K    GS PrK    NYSE
5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II    GS/43PE    NYSE
Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital III    GS/43PF    NYSE
Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due March 2031 of GS Finance Corp.    GS/31B    NYSE
Medium-Term Notes, Series F, Callable Fixed and Floating Rate Notes due May 2031 of GS Finance Corp.    GS/31X    NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

(a)    The Annual Meeting was held on April 26, 2023.

(b)    The results of the matters submitted to a shareholder vote at the Annual Meeting were as follows:

1.    Election of Directors: Our shareholders elected the following 12 directors to each serve a one-year term expiring on the date of our 2024 annual meeting of shareholders or until his or her successor has been duly chosen and qualified.

 

     For    Against    Abstain    Broker
Non-Votes

Michele Burns

    238,151,219    7,772,619    491,042    39,095,344

Mark Flaherty

    244,274,601    1,654,131    486,148    39,095,344

Kimberley Harris

    238,994,847    6,795,303    624,730    39,095,344

Kevin Johnson

    243,530,474    2,270,022    614,384    39,095,344

Ellen Kullman

    241,341,714    4,580,089    493,077    39,095,344

Lakshmi Mittal

    217,616,685    28,304,833    493,362    39,095,344

Adebayo Ogunlesi

    240,944,485    4,985,081    485,314    39,095,344

Peter Oppenheimer

    243,241,110    2,690,785    482,985    39,095,344

David Solomon

    235,238,500    10,606,219    570,161    39,095,344

Jan Tighe

    244,003,470    1,911,325    500,085    39,095,344

Jessica Uhl

    244,326,085    1,455,320    633,475    39,095,344

David Viniar

    243,730,093    2,231,174    453,613    39,095,344

2.    Advisory Vote to Approve Executive Compensation (“Say on Pay”): Our shareholders approved the Say on Pay proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

230,857,589   14,771,506   785,785   39,095,344

3.     Advisory Vote on the Frequency of Say on Pay Votes: Our shareholders approved “annual” as the frequency of Say on Pay votes.

 

1 Year

  

2 Years

  

3 Years

  

Abstain

  

Broker Non-Votes

242,019,058   350,254   3,540,924   504,644   39,095,344

4.     Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm: Our shareholders ratified the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2023.

 

For

  

Against

  

Abstain

272,683,185   12,497,054   329,985

5.     Shareholder Proposal Regarding a Report on Lobbying. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

87,041,380   157,567,826   1,805,674   39,095,344

6.     Shareholder Proposal Regarding a Policy for an Independent Chair. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

39,918,975   203,965,590   2,530,315   39,095,344

7.     Shareholder Proposal Regarding Chinese Congruency of Certain ETFs. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

6,014,791   236,982,889   3,417,200   39,095,344

8.     Shareholder Proposal Regarding a Racial Equity Audit. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

28,279,693   215,031,454   3,103,733   39,095,344

9.    Shareholder Proposal Regarding a Policy to Phase Out Fossil Fuel-Related Lending & Underwriting Activities. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

16,798,306   226,479,195   3,137,379   39,095,344

10.    Shareholder Proposal Regarding Disclosure of 2030 Absolute Greenhouse Gas Reduction Goals. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

30,766,595   213,774,989   1,873,296   39,095,344

11.    Shareholder Proposal Regarding Climate Transition Report. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

73,253,406   171,362,401   1,799,073   39,095,344

12.    Shareholder Proposal Regarding Reporting on Pay Equity. Our shareholders did not approve this proposal.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

74,159,775   161,863,746   10,391,359   39,095,344

(d)     In light of the results of the advisory vote on the frequency of Say on Pay votes, our Board determined that we will continue to hold an advisory Say on Pay vote annually. Our Board will reevaluate this determination after the next shareholder advisory vote on the frequency of Say on Pay votes.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    THE GOLDMAN SACHS GROUP, INC.
                            (Registrant)
Date: April 27, 2023     By:  

/s/ Kathryn H. Ruemmler

      Name:   Kathryn H. Ruemmler
      Title:   Chief Legal Officer and General Counsel