shareholdervotemathraniresig.htm - Generated by SEC Publisher for SEC Filing
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: May 17, 2011
(Date of earliest event reported)
 
 
PRINCIPAL FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
 
 
                               Delaware                              1-16725                                    42-1520346 
            (State or other jurisdiction            (Commission file number)                              (I.R.S. Employer 
                 of incorporation)                                                       Identification Number) 
 
 
711 High Street, Des Moines, Iowa 50392
(Address of principal executive offices)
 
(515) 247-5111
(Registrant’s telephone number, including area code)
 
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))  
_________________________

 


Item 5.02  Departure of Directors or Certain Officers; Election of Directors; 
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 
 
(b)  On May 17, 2011, Arjun K. Mathrani, a director of Principal Financial Group, Inc. (the 
  “Company”) and its wholly-owned subsidiary, Principal Life Insurance Company, 
  informed the boards of each such company that he intended to complete his current terms 
  and asked not to be considered for re-election. Mr. Mathrani’s term as a director for both 
  companies expires at the Company’s next annual meeting of shareholders on May 22, 
  2012. Mr. Mathrani’s decision not to stand for re-election is not due to a disagreement 
  with the Company on any matter relating to the Company’s operations, policies or 
  practices. Mr. Mathrani was not asked to resign, refrain from standing for re-election or 
  removed for cause from the Company’s board of directors. 
 
  As a result of Mr. Mathrani’s decision not to stand for re-election, Sandra L. Helton will 
  replace Mr. Mathrani as chair of the Company’s audit committee of the board of 
  directors, and Jocelyn Carter-Miller will replace Ms. Helton as chair of the finance 
  committee of the board. Ms. Helton and Ms. Carter-Miller will assume their respective 
  new positions on August 15, 2011. 
 
Item 5.07  Submission of Matters to a Vote of Security Holders 
 
The Company’s annual meeting of shareholders was held on May 17, 2011 (the “2011 Annual 
Meeting”). The matters that were voted upon at the 2011 Annual Meeting, and the number of 
votes cast for or against, as well as the number of abstentions and broker non-votes as to each 
such matter, as applicable, are set forth below. Abstentions and broker non-votes were treated as 
being present at the meeting for the purpose of determining a quorum, but were not counted as 
votes.   
 
At the 2011 Annual Meeting, the shareholders elected four Class I directors each for a term 
expiring at the Company’s 2014 Annual Meeting (1). The shareholders did not approve a 
proposal to amend the Company’s Certificate of Incorporation to declassify the Board of 
Directors (2). The shareholders ratified the appointment of Ernst & Young LLP as the 
Company’s independent auditor for 2011.(3) The shareholders approved, on an advisory basis, 
the compensation paid to the Company’s Named Executive Officers as disclosed in the 
Company’s 2011 proxy statement.(4) 
 
Finally, the shareholders voted, on an advisory basis, on the frequency of future advisory votes to 
approve the compensation paid to the Company’s Named Executive Officers.(5) Because the 
stockholders’ vote on the frequency of future advisory votes on executive compensation is itself 
advisory, the result is not binding. The Company expects to publicly disclose within 150 days of 
the 2011 Annual Meeting its Board of Directors’ determination of the frequency with which 
future advisory votes on executive compensation will be held. 

 


(1)  Election of Directors             
 
    VOTES  VOTES    BROKER 
    FOR  AGAINST  ABSTAINED NON-VOTES 
Betsy J. Bernard  192,736,338  3,314,144  585,238  18,786,952 
Jocelyn Carter-Miller  192,610,927  3,432,617  591,757  18,786,952 
Gary E. Costley  164,128,823  31,656,436  850,784  18,786,952 
Dennis H. Ferro  195,012,695  959,426  663,786  18,786,952 
 
    The directors whose terms of office continued and the years their terms expire are as 
follows:               
 
Class II Directors Continuing in Office Whose Term Expires in 2012     
 
Richard L. Keyser               
Arjun K. Mathrani               
Elizabeth E. Tallett               
 
Class III Directors Continuing in Office Whose Term Expires in 2013     
 
Michael T. Dan               
C. Daniel Gelatt               
Sandra L. Helton               
Larry D. Zimpleman               
 
    Votes For  Votes Against  Abstained  Broker Non- 
              Votes 
(2)    Annual Election of  212,489,026  2,453,831 478,481 0
   Directors               
(3)    Ratification of  213,967,346  860,004 595,774 0
   Independent Auditors               
(4)    Advisory Vote on               
   Executive Compensation         190,841,922  3,856,019 1,937,743 18,786,952
 
      1 Year  2 Years  3 Years  Abstain  Broker 
                Non-Votes 
(5)    Advisory Vote on the Timing             
        of Future Advisory Votes on  119,312,112 1,572,465 74,926,166 814,733  18,786,952 
  Executive Compensation             

 


                                                                  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 thereunto duly authorized. 
 
 
                                                   PRINCIPAL FINANCIAL GROUP, INC. 
 
 
                                                                   By:        /s/ Joyce N. Hoffman                              
                                                                   Name:   Joyce N. Hoffman 
                                                                   Title:      Senior Vice President and 
                                                                                Corporate Secretary 
 
Date: May 23, 2011