UnitedHealth Group Announces Results of Annual Shareholder MeetingMINNEAPOLIS —
The Board of Directors of UnitedHealth Group (NYSE: UNH) announced the results of shareholder voting that took place during the Company’s 2010 annual meeting earlier today.
- By an overwhelming majority, the Company’s shareholders elected for one-year terms to the Board of Directors William C. Ballard, Jr., Richard T. Burke, Robert J. Darretta, Stephen J. Hemsley, Michele J. Hooper, Douglas W. Leatherdale, Glenn M. Renwick, Kenneth Shine, M.D., and Gail R. Wilensky, Ph.D. UnitedHealth Group directors stand for election annually.
- Shareholders ratified the appointment of Deloitte & Touche LLP, as the company’s independent registered public accounting firm.
- A shareholder proposal for the disclosure of lobbying expenses failed to pass, receiving 7.3% of the votes present.
- A shareholder proposal for an advisory vote on executive compensation (“Say on pay”) failed to pass, receiving 45.9% of the votes present.
UnitedHealth Group’s president and chief executive officer, Stephen J. Hemsley, said, “The employees of UnitedHealth Group delivered strong operational and financial performance in 2009, and continue to build on that momentum this year. Our focus on fundamental execution, practical innovation, service and on improving local relationships and building trust has prepared us well for the new health care market emerging today. The changes in health care expected over the next decade will offer UnitedHealth Group opportunities to modernize and advance the health care system, to address cost and waste and to meet the challenges the new health care environment is creating.”
About UnitedHealth Group
UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, OptumHealth, Ingenix, and Prescription Solutions. Through its family of businesses, UnitedHealth Group serves more than 70 million individuals nationwide.