Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
|Filed by the Registrant||☒|
|Filed by a Party other than the Registrant||☐|
Check the appropriate box:
|☐||Preliminary Proxy Statement|
|☐||Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))|
|☐||Definitive Proxy Statement|
|☒||Definitive Additional Materials|
|☐||Soliciting Material Pursuant to §240.14a-12|
Wells Fargo & Company
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
|☒||No fee required.|
|☐||Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.|
|(1)||Title of each class of securities to which transaction applies:|
|(2)||Aggregate number of securities to which transaction applies:|
|(3)||Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):|
|(4)||Proposed maximum aggregate value of transaction:|
|(5)||Total fee paid:|
|☐||Fee paid previously with preliminary materials.|
|☐||Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.|
|(1)||Amount Previously Paid:|
|(2)||Form, Schedule or Registration Statement No.:|
Filed by Wells Fargo & Company
Pursuant to Rule 14a-6(b) under the Securities Exchange Act of 1934
Commission File No.: 001-02979
Video Transcript: Our Road Ahead
Timothy J. Sloan, Chief Executive Officer and President, Wells Fargo & Company
Elizabeth A. (Betsy) Duke, Independent Chair of the Board of Directors, Wells Fargo & Company
Tim Sloan: 2018 was a very exciting year for Wells Fargo. We had 260,000 team members that worked incredibly hard to satisfy our customers financial needs and to help them succeed financially. Thats our vision, thats where it starts. Those same team members were able to do that by following our values and being very focused on achieving our six goals. We still have some work to do, theres no question about that, but were absolutely on a path, and were on a path to a very exciting transformation at Wells Fargo.
Betsy Duke: The board of directors is really excited and optimistic about our road ahead. We can really see the company that were going to be, and the future that were going to have, and its something that all of us look forward to.
Tim Sloan: When you think about our first goal, which is to provide the best customer service and advice in the industry, its first and foremost its about listening to our customers. Its about understanding what their needs are. Its about making sure that we appreciate their changing preferences. Its about delivering our products and services in a way that they want to receive them, thats helpful for them to be successful. So for example, we introduced Control Tower. Its an easy way for our customers to find all their financial information and to turn on and off their debit card. Theres a transformation thats going on in the company, it all starts with the customer and listening, and then making sure that were organized in a way that we can be responsive to their needs.
Betsy Duke: Banking is very personal business to everyone. And so we always have to remember that. And its our role to help customers succeed financially. Sometimes by educating them, sometimes by the products that we offer, sometimes by making it easy to do the things that everybody knows they would need to do.
Tim Sloan: If they want to come into a branch thats terrific. If they want to call us on the phone thats fine too. If they want to interact with us via mobile or online or via an ATM, however they want to do it, we need to deliver that to them in a way that works for them. But also in a way that anyone at Wells Fargo knows that customer as well as anybody else.
Betsy Duke: Thats what were striving for, the same experience with Wells Fargo, even though we have millions and millions of customers. That each one of them has that feeling that this is a company thats going to be with them for a lifetime. This is a company thats going to help them as they go through every single stage of their life.
Tim Sloan: Were on a journey thats really similar to our customers. Technology is changing our business each and every day. The demographics of our customers
change, their tastes change. Theyre on their own financial journeys in terms of going to school, buying a car, buying a house, and then investing in their future for retirement or savings. And so we want to be on that journey with them, providing the right advice, the right products, and the right service to help them to succeed financially.
Betsy Duke: We are on a journey to be a better company. Not just a a better company than we are today. But a better company than we wouldve been had we not really discovered some of the challenges that we faced.
Tim Sloan: Weve reorganized Wells Fargo so that were less product-centric and much more focused on our customers, whether its a consumer, a small business, or a large corporate customer. Weve centralized many of our enterprise control functions so that we can manage our risks better.
Betsy Duke: Tim has put together just a fabulous management team. They are a blend of Wells Fargo veterans, along with new top talent. You get a fresh perspective. You get people who bring different experiences. Different lenses, ways of looking at things. But you have to combine that with people who understand the company. Its not just enough to know what to do, or to have a good idea. But youve got to figure out how to work together to have a common vision of where youre going, and then get it done.
Tim Sloan: Im very excited about the road ahead. I couldnt be more optimistic about our future and the transformation thats occurring at Wells Fargo. And one of the reasons Im so optimistic about our future is because the success that weve had in our past. 166 years of success at Wells Fargo. Through the ups and downs of the economy, through the growth of our country, to helping our customers succeed wherever they do business around the world.
Betsy Duke: Its a really good time to be at Wells Fargo, because this is a time when really good things are happening, and you can just see on the horizon the company that were gonna be.
Tim Sloan: It is so exciting to be a part of this company today and being part of this very important transformation.