On March 22, 2023, Capital One Financial Corporation announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on May 4, 2023, received from John Chevedden, requesting the Company board to take each step necessary so that each voting requirement in our charter and bylaws (that is explicit or implicit due to default to state law) that calls for a greater than simple majority vote be replaced by a requirement for a majority of the votes cast for and against such proposals, or a simple majority in compliance with applicable laws.