More than 150 Aflac shareholders braved rainy weather conditions fitting for a duck Monday morning to attend an uneventful annual meeting at the Columbus Museum.
Chairman Dan Amos noted that the Columbus-based supplemental insurance company's stock price was $45.84 on Dec. 31, 2008 and a comparable $46.25 a year later.
"For someone who didn't follow us closely and took a passing glance, it would appear to be an uneventful year," Amos said. "It was anything but calm."
Aflac weathered the financial storm that saw its stock price drop to around $10 a share on concerns over the company's investment portfolio. With Aflac stock at $51.13 at midday Monday, Amos could even make light of the crisis.
He told of his recent physical when the doctor ordered a stress test. Amos told the doctor there was no need to put him on the treadmill.
"I have been through $10 stock, there is no other stress you can give me," Amos said.
Amos used a boxing analogy to explain what Aflac has been through.
"We took a punch," he said. "We went back to the corner, reorganized and came out swinging."
There were no questions from Amos during the 50-minute meeting.
The shareholders elected the 16-person board of directors. Those elected are: Amos, Paul S. Amos, II, J. Shelby Amos, II, Ambassador Michael H. Armacost, Kriss Cloninger, III, Gov. Joe Frank Harris, Elizabeth J. Hudson, Douglas W. Johnson, Robert B. Johnson, Charles B. Knapp, E. Stephen Purdom, Barbara K. Rimer, Marvin R. Schuster, D. Gary Thompson, Robert L. Wright and Takuro Yoshida.