T. Rowe Price Group (TROW) ASM 2025 summary

Opening remarks and agenda

• The meeting was called to order by the Chair, with the agenda and rules of conduct made available on the virtual platform.

• Stockholders were informed of the hour-long format and the opportunity to vote on proposals during the meeting.

Board and executive committee updates

• Eleven directors were nominated for election, all present at the meeting.

• The General Counsel acted as Secretary, with Broadridge as tabulator and KPMG's representative available for questions.

Shareholder proposals

• Four proposals were presented: election of directors, advisory vote on executive compensation, ratification of KPMG as auditor, and a shareholder proposal on golden parachutes.

• The board recommended against the golden parachute proposal, which sought shareholder approval for excessive termination payments to executives.

• The proponent argued the proposal would increase transparency and align with practices at other major companies.