The dividend announcement followed the banking company’s annual meeting, during which shareholders elected all of the company’s 14 nominees to the KeyCorp Board of Directors; ratified the appointment of Ernst & Young as the company’s independent auditors; and approved a proposal on compensation of named executive officers.
In a separate advisory vote, shareholders approved a proposal requesting the company’s board of directors to adopt a policy requiring an independent, non-executive chairman of the board, according to KeyCorp.
KeyBank is the fourth largest bank by deposits in the Dayton metro area of approximately $1.1 billion, according to the Federal Deposit Insurance Corp.
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