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Multiple Shareholders Sharing the Same Address
The Company is sending only one Annual Report and one Proxy Statement or notice of availability of these
materials to shareholders who consented and who share a single address. This is known as “householding.”
However, any registered shareholder who wishes to receive a separate Annual Report or Proxy Statement may
contact Shareholder Services by phone at (800) 227-4756, by email at
shareholder@aflac.com, or by mail at
the address set forth above. If you receive multiple copies of the Annual Report or Proxy Statement or notice of
availability of these materials, you may request householding by contacting Shareholder Services (if you are a
registered shareholder) or by contacting the holder of record (if you own the Company’s shares through a bank,
broker, or other holder of record).
Description of Voting Rights
The Company believes that long-term shareholders should have a greater say in our success. Accordingly, the
Company’s Articles of Incorporation provide that each share of the Company’s Common Stock is entitled to one
vote until it has been held by the same beneficial owner for a continuous period of longer than 48 months prior to
the record date of the meeting, at which time each share becomes entitled to ten votes. If a share is transferred
by gift, devise, or bequest, or otherwise through the laws of inheritance, descent, or distribution from the estate of
the transferor, or by distribution to a beneficiary of shares held in trust, the transferee is deemed to be the same
beneficial owner as the transferor for purposes of determining the number of votes per share. Shares acquired as
a direct result of a stock split, stock dividend, or other distribution with respect to existing shares are deemed to
have been acquired and held continuously from the date on which the underlying shares were acquired. Shares
of Common Stock acquired pursuant to the exercise of a stock option are deemed to have been acquired on the
date the option was granted.
Shares of Common Stock held in “street” or “nominee” name are presumed to have been held for less than 48
months and are entitled to one vote per share unless this presumption is rebutted by evidence to the contrary.
If you wish to demonstrate that you have held your Common Shares in street name for longer than 48 months,
please complete and execute the affidavit appearing on the reverse side of your proxy. The Board of Directors may
require evidence to support the affidavit.
Quorum and Vote Requirements
Holders of record of Common Stock at the close of business on February 22, 2017, will be entitled to vote at
the Annual Meeting. At that date, the number of outstanding shares of Common Stock entitled to vote was
401,177,209. According to the Company’s records, this represents the following voting rights:
If all of the outstanding shares were entitled to ten votes per share, the total number of possible votes would be
4,011,772,090. However, for purposes of this Proxy Statement, we assume that the total number of votes that may
be cast at the Annual Meeting will be 672,661,552.
The holders of a majority of the voting rights entitled to vote at the Annual Meeting, present in person or
represented by proxy, will constitute a quorum for the transaction of such business that comes before the meeting.
Abstentions are counted as “shares present” for purposes of determining whether a quorum exists. A broker non-
vote occurs when a nominee holding shares for a beneficial owner does not vote on a particular proposal because
the nominee does not have discretionary voting power with respect to that item and has not received voting
instructions from the beneficial owner. Broker non-votes are counted as “shares present” at the Annual Meeting for
purposes of determining whether a quorum exists.
Number of shares
Votes per share
Yields this many votes
371,012,282 @
1
= 371,012,282
30,164,927 @ 10
= 301,649,270
401,177,209
Total
672,661,552
Solicitation and Revocation of Proxy
AFLAC INCORPORATED
2017 PROXY STATEMENT
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