M&T Bank Corporation (NYSE: MTB), a leading financial institution headquartered in Buffalo, New York, disclosed the comprehensive results of its 2025 Annual Meeting of Shareholders held on April 15, 2025, through its latest SEC 8-K filing. This pivotal update not only solidifies MTB’s leadership structure but also affirms the bank’s unwavering commitment to robust corporate governance, fiscal discipline, and executive accountability.
During the 2025 Annual Meeting, M&T Bank shareholders passed every board-recommended proposal, reflecting broad investor confidence in the company’s direction and governance approach:
All fourteen director nominees were successfully elected, each securing sizable majorities. Notably:
- Jane Chwick garnered the highest support, receiving 132,432,901 “For” votes, equating to approximately 97% support of votes cast for her election, with only 1,419,619 “Against” and 373,643 “Abstentions.”
- The candidate with the lowest approval, René F. Jones, still maintained a commanding majority, with 126,164,035 votes “For” and 7,457,450 “Against.”
- The average “Broker Non-Votes” across all directors stood at 14,182,993, ensuring full quorum.
Shareholders supported the 2024 compensation for Named Executive Officers with striking affirmation: - FOR: 126,400,291 votes (over 93% of cast votes) - AGAINST: 7,366,862 votes - ABSTAIN: 459,009 votes - Broker Non-Votes: 14,182,993
This figure underscores investor endorsement of management’s alignment with performance-based incentives, a theme repeatedly emphasized in prior quarterly earnings calls.
PricewaterhouseCoopers LLP was overwhelmingly ratified as MTB’s independent registered public accounting firm for the 2025 fiscal year: - FOR: 142,321,976 (over 94%) - AGAINST: 5,817,644 - ABSTAIN: 269,535
This ratification further reiterates MTB’s ongoing dedication to rigorous, transparent, third-party financial oversight.
In M&T’s previous earnings calls, transparency, risk discipline, and shareholder value creation were recurring touchstones. CEO René F. Jones, who received robust re-election support despite being the most challenged candidate, has consistently advocated prudent capital allocation and sustained return to shareholders. This voting outcome links back to management’s communication of strong credit quality, resilient net interest income, and ongoing digital transformation efforts — all central themes in the bank’s quarterly updates.
The executive compensation approval closely mirrors MTB’s messaging on rewarding top performance while maintaining cost efficiency. In the Q4 2024 earnings call, management highlighted how executive compensation is tightly coupled to measurable growth in tangible book value and operational efficiency ratios.
Similarly, the ratification of PricewaterhouseCoopers as auditor draws upon historical investor preferences for continuity and reliability in external audit oversight, a foundation for MTB’s regulatory compliance and risk assurance.
The bank’s stock securities include: Common Stock (NYSE: MTB), Series H Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock (NYSE: MTBPrH), and Series J Perpetual Fixed Rate Non-Cumulative Preferred Stock (NYSE: MTBPrJ).
Votes were highly concentrated with low abstention rates (<0.4% of all shares per proposal), indicative of an engaged and aligned shareholder base.
M&T Bank’s 2025 Annual Meeting showcased extraordinary shareholder alignment around the company’s leadership, compensation philosophy, and stewardship of independent financial auditing. The robust voting majorities on each proposal demonstrate strong institutional and retail investor confidence in MTB’s forward strategy. Looking ahead, these governance outcomes anchor the bank’s ongoing digital, operational, and risk management initiatives as outlined in recent earnings communications.
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Source: M&T Bank Corporation 8-K Report, April 15, 2025