ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On April 30, 2020, Federated Hermes, Inc. (Federated Hermes) issued the earnings
press release attached hereto as Exhibit 99.1 to report first quarter 2020
results.
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
At the Annual Meeting of Shareholders of Federated Hermes held as a
teleconference meeting on Thursday, April 30, 2020, the holder of Federated
Hermes' Class A Common Stock, which constituted all of the shares entitled to
vote at the meeting, approved the following proposal which is described in more
detail in Federated Hermes' Information Statement to shareholders dated
March 19, 2020.
The holder of Federated Hermes' Class A Common Stock elected six individuals to
the Board of Directors of Federated Hermes, Inc. as set forth below:
Director Shares Voted For Shares Voted Against Shares Withheld
Joseph C. Bartolacci 9,000 - -
J. Christopher Donahue 9,000 - -
Thomas R. Donahue 9,000 - -
Michael J. Farrell 9,000 - -
John B. Fisher 9,000 - -
Marie Milie Jones 9,000 - -
ITEM 8.01 OTHER EVENTS.
On April 30, 2020, the board of directors of Federated Hermes authorized an
additional share repurchase program with no stated expiration date that allows
the buy back of up to 3.5 million shares of Class B common stock. This program
authorizes executive management to determine the timing and the amount of shares
for each purchase. The repurchased stock is to be held in treasury for employee
share-based compensation plans, potential acquisitions and other corporate
activities, unless Federated Hermes' board of directors subsequently determines
to retire the repurchased stock and restore the shares to authorized but
unissued status (rather than holding the shares in treasury).
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits:
Exhibit 99.1 Earnings press release issued by Federated Hermes, Inc. dated
April 30, 2020
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
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