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BRIEF-Wells Fargo approved changes to co's non-employee director compensation program effective Oct. 12 - SEC filing
December 1, 2016 / 8:20 PM / 10 months ago

BRIEF-Wells Fargo approved changes to co's non-employee director compensation program effective Oct. 12 - SEC filing

Dec 1 (Reuters) - Wells Fargo & Co :

* Wells Fargo & Co approved changes to company’s non-employee director compensation program effective October 12, 2016 - SEC filing

* Changes provide for a $250,000 annual retainer for company’s independent chairman

* Changes provide for a $100,000 annual retainer for independent vice chairman

* Amended by-laws to add new section 4.5 which provides that board shall annually elect chairman from among its independent directors

* Amended by-laws to add new section 4.5 which provides that board may elect one of its independent directors as vice chairman

* Incorporated certain conforming changes throughout by-laws to remove references to lead director role Source text (bit.ly/2fQoBmR) Further company coverage:

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