MasterCard Announces Annual Meeting Results

MasterCard Incorporated (NYSE:MA) announced the results of its annual meeting of stockholders, held earlier today at the company's worldwide headquarters in Purchase, N.Y.

At the meeting:
  • The full slate of 13 directors was elected for a one-year term, to expire at the next annual meeting of stockholders. Included in this group are two new board members, nominated earlier this year -- Julius Genachowski and Merit Janow
  • The compensation plan for MasterCard's executive officers was approved on an advisory basis
  • The appointment of PricewaterhouseCoopers, LLP as the company's independent registered public accounting firm for 2014 was ratified

MasterCard’s Board of Directors also declared a cash dividend of $0.11 per share, payable on August 8, 2014, to holders of record of its Class A common stock and Class B common stock as of July 9, 2014.

During the meeting, Ajay Banga, president and CEO of MasterCard, addressed stockholders, noting, “We continue to see innovation in the payments space come through faster in the past five years than we had in the previous forty. MasterCard continues to develop the products and solutions that meet the needs of consumers today, while also anticipating how the convergence of the physical and digital worlds will change the way they shop and pay tomorrow.”

About MasterCard Incorporated

MasterCard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews , join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

Copyright Business Wire 2010

If you liked this article you might like

24 Stocks Hedge Funds Are Loving Right Now

24 Stocks Hedge Funds Are Loving Right Now

5 Awesome Stock Picks That Will Survive a Choppy Market

5 Awesome Stock Picks That Will Survive a Choppy Market

Jim Cramer: Round Up the Usual Suspects

Jim Cramer: Round Up the Usual Suspects

Mastercard: Keep It in Your Wallet or Cut It In Half?

Mastercard: Keep It in Your Wallet or Cut It In Half?

Practice Discipline With Your Visa

Practice Discipline With Your Visa