Letter to Shareholders and Notice of Annual Meeting

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Letter to Shareholders and Notice of Annual Meeting

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BlackRock, Inc.
55 East 52nd Street
New York, New York, 10055

April 13, 2017

To Our Shareholders:

Thank you for your confidence in BlackRock. It is my pleasure to invite you to our 2017 Annual Meeting, which will be held on May 25, 2017 at the Lotte New York Palace Hotel. As we do each year, we will review our business and financial results for the year, address the voting items in the Proxy Statement and take your questions. Whether you plan to attend the meeting or not, your vote is important and we encourage you to review the enclosed materials and submit your proxy.

In 2016, a year dominated by extraordinary macro and geopolitical uncertainty, BlackRock continued to earn clients’ trust and delivered on each component of our framework for value creation. We generated $202 billion of total net inflows, including long-term net inflows of $181 billion, representing 4% annual organic asset growth. We expanded our operating margin during 2016 while continuing to invest in our business for future growth. And we returned $2.7 billion to shareholders through a combination of dividends and share repurchases. These results highlight the benefits of our differentiated investment, technology and risk management platform and the impact of the strategic investments we’ve made over time to build and evolve our business.

“Since BlackRock’s founding, we have earned the trust of our clients and created value for our shareholders by helping investors navigate the global markets to build better financial futures.”

Our diversified business model allows us to manage for the long-term, investing in future growth areas as we adapt to stay ahead of clients’ changing needs. In today’s rapidly evolving environment, investors are looking to BlackRock more than ever before, and the responsibility that we feel for clients has never been greater. We have a responsibility to be a thought and opinion leader for clients. We also have a responsibility to continue to focus on broadening and deepening our investment platform. You can find more detail about BlackRock’s strategy for future growth in my letter to shareholders in this year’s Annual Report.

As both a fiduciary and a public company, we also believe that good corporate governance is critical to maximizing long-term shareholder value. That includes engaging with you, our shareholders, to better understand and address issues that are important to you. We are vocal advocates for the adoption of sound corporate governance policies that include strong Board leadership, prudent management practices and transparency. We believe that we have implemented such a corporate governance framework, and hope that you will agree as you read the Proxy Statement.

It has always been important that BlackRock’s Board of Directors function as a key strategic partner, challenging our leadership team to be better an d more innovative. BlackRock’s Board continues to play an integral role in our growth and success. As BlackRock has evolved, so has our Board’s pursuit of strong corporate governance and standards of excellence, and this year, we’ve included additional information in our Proxy Statement related to the role and evolution of our Board.

Thank you again for your commitment to BlackRock. Our Board of Directors and I look forward to seeing you on May 25, 2017 in New York City.

Sincerely,

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Laurence D. Fink
Chairman and Chief Executive Officer

Notice of 2017 Annual Meeting of Shareholders

Annual Meeting of Shareholders

Date:Thursday, May 25, 2017
Time:8:00 am EST
Place:Lotte New York Palace Hotel
455 Madison Avenue
New York, New York 10022
Record Date:March 30, 2017

Agenda and Voting Matters

At or before our Annual Meeting, we ask that you vote on the following items:

ProposalBoard RecommendationPage Reference
Item 1 Election of DirectorsFOR8
Item 2 Non-Binding Advisory Vote on Compensation for Named Executive OfficersFOR45
Item 3 Non-Binding Advisory Vote on Frequency of Future Executive Compensation Advisory VotesONE YEAR74
Item 4 Ratification of Appointment of Independent Registered Public Accounting FirmFOR75
Item 5 Shareholder Proposal – Proxy Voting Record on Executive CompensationAGAINST78
Item 6 Shareholder Proposal – Production of an Annual Report on Certain Trade Association and Lobbying ExpendituresAGAINST81

How to vote: Your vote is important

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Internet

Visit the website listed on your proxy card. You will need the control number that appears on your proxy card when you access the web page.

Mail

Complete and sign the proxy card and return it in the enclosed postage pre-paid envelope.

Telephone

If your shares are held in the name of a broker, bank or other nominee: Follow the telephone voting instructions, if any, provided on your voting instruction card. If your shares are registered in your name: Call 1-800-690-6903 and follow the telephone voting instructions. You will need the control number that appears on your proxy.

In Person

You may attend the Annual Meeting and vote by ballot. Your admission ticket to the Annual Meeting is either attached to your proxy card or is in the email by which you received your Proxy Statement.

 

Please note that we are furnishing proxy materials and access to our Proxy Statement to our shareholders via our website instead of mailing printed copies to each shareholder. By doing so, we save costs and reduce our impact on the environment.

Beginning on April 13, 2017, we will mail or otherwise make available to each of our shareholders a Notice of Internet Availability of Proxy Materials, which contains instructions about how to access our proxy materials and vote online. If you attend the Annual Meeting, you may withdraw your proxy and vote in person, if you so choose.

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R. Andrew Dickson III
Corporate Secretary
April 13, 2017
BlackRock, Inc.
55 East 52nd Street
New York, New York, 10055

 

Important Notice Regarding the Availability of Proxy Materials for the 2017 Annual Meeting of Shareholders to be held on Thursday, May 25, 2017: Our Proxy Statement and 2016 Annual Report are available free of charge on our website at www.blackrock.com/corporate/en-us/ investor-relations.

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