APOLLO GLOBAL MANAGEMENT INC (APO)
Sector: Financials
2026 Annual Meeting Analysis
APOLLO GLOBAL MANAGEMENT INC · Meeting: June 8, 2026
Directors FOR
13
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of Directors
Apollo's 3-year stock return of 103.2% outperforms the peer group median by +40.7pp, well below the 65pp threshold needed to trigger an against vote for a strong-positive TSR company; no overboarding, attendance, or independence issues identified.
Joined the AGM board in January 2022 (4 years tenure), Apollo's stock has strongly outperformed its peer group over 3 years (+40.7pp vs. 65pp threshold), and no overboarding or attendance concerns are identified.
Joined the AGM board in January 2022 (4 years tenure), Apollo's stock has strongly outperformed its peer group over 3 years (+40.7pp vs. 65pp threshold), and no overboarding or attendance concerns are identified.
Joined the AGM board in January 2022 (4 years tenure), Apollo's strong 3-year stock outperformance vs. peers (+40.7pp, well below the 65pp trigger threshold) means the TSR trigger does not fire, and no other concerns identified.
Joined the AGM board in April 2025, which is within the 24-month exemption window for new directors, so the TSR trigger does not apply; no overboarding or attendance concerns identified.
Joined the AGM board in January 2022 (4 years tenure), Apollo's 3-year stock outperformance vs. peers (+40.7pp) is well below the 65pp trigger threshold, and no overboarding or attendance concerns are identified.
Joined the AGM board in March 2022 (4 years tenure), Apollo's strong relative 3-year stock performance vs. peers (+40.7pp vs. 65pp threshold) means the TSR trigger does not fire, and she chairs the audit committee with demonstrated financial expertise.
Joined the AGM board in January 2022 (5 years tenure including legacy board), Apollo's 3-year stock outperformance vs. peers (+40.7pp) is well below the 65pp trigger threshold, and no attendance or overboarding concerns are identified.
Joined the AGM board in January 2022 (4 years tenure), Apollo's strong relative stock performance vs. peers means the TSR trigger does not apply, and no overboarding or attendance concerns are identified.
Joined the AGM board in January 2022 (5 years tenure including legacy board), Apollo's 3-year peer outperformance of +40.7pp is well below the 65pp trigger threshold, and no overboarding or attendance concerns are identified.
Joined the AGM board in March 2025, which is within the 24-month exemption window for new directors, so the TSR trigger does not apply; strong risk management and financial expertise noted.
Joined the AGM board in January 2022 (4 years tenure), Apollo's 3-year stock outperformance vs. peers (+40.7pp) is well below the 65pp trigger threshold, and no overboarding or attendance concerns are identified.
Joined the AGM board in March 2023 (3 years tenure), Apollo's strong 3-year relative stock performance vs. peers (+40.7pp vs. 65pp threshold) means the TSR trigger does not fire, and no other concerns are identified.
All 13 director nominees receive a FOR vote. Apollo's 3-year stock return of 103.2% outperforms the disclosed compensation peer group median by +40.7 percentage points, well below the 65pp threshold required to trigger against votes for a company with strong positive absolute returns. Two newer directors (Cohn, Leach) are exempt from the TSR trigger under the 24-month new-director rule. The board discloses a skills matrix, all committees are fully independent, and attendance was 75% or above for all directors in 2025. No overboarding, familial relationship, or independence concerns were identified.
Say on Pay
✓ FORCEO
Marc Rowan
Total Comp
$913,367
Prior Support
84%%
CEO Marc Rowan's total reported compensation of $913,367 is exceptionally modest — well below any reasonable benchmark for a CEO of a $71.9 billion financial services firm — and the proxy discloses that his pay is intentionally set below the 25th percentile of the peer group, which means the pay level test easily passes. The prior say-on-pay vote received approximately 84% support in 2023 (the most recent vote under the company's triennial schedule), comfortably above the 70% threshold that would require a response. The overall compensation program emphasizes long-term, performance-linked pay through carried interest arrangements that only pay out after funds exceed an 8% return hurdle, multi-year RSU vesting, meaningful clawback policies, and strong executive stock ownership requirements — all of which satisfy the pay mix and pay-for-performance alignment requirements of the policy.
Auditor Ratification
✓ FORAuditor
Deloitte & Touche LLP
Tenure
N/A
Audit Fees
N/A
Non-Audit Fees
N/A
Deloitte is a Big 4 firm appropriate for a $71.9 billion market cap company; auditor tenure is not disclosed in the filing so the tenure trigger cannot fire per policy (absence of tenure data defaults to FOR with a minor negative note); no fee data was provided in the filing excerpt to calculate a non-audit fee ratio, so no fee-ratio trigger applies, and no material restatements were identified.
Overall Assessment
The 2026 Apollo Global Management annual meeting presents a clean ballot: all 13 director nominees receive FOR votes driven by strong 3-year stock outperformance versus disclosed peers (+40.7pp, well below the 65pp trigger threshold), and the say-on-pay vote receives a FOR determination given the CEO's unusually modest reported compensation of $913,367, an 84% prior-year support result, and a compensation structure heavily weighted toward long-term, performance-contingent pay. The auditor ratification of Deloitte also receives a FOR vote as no fee data or tenure data sufficient to trigger a negative vote was found in the filing.
Compensation Peer Group
10 companies disclosed in 2026 proxy filing