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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )

Filed by the RegistrantFiled 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 Under Rule 14a-12

OMNICOM GROUP INC.

(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):
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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.:
3) Filing Party:
4) Date Filed:



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2017 Annual Meeting of Shareholders

Proxy Statement


May 25, 2017 at 10:00 a.m. Central Daylight Time

DDB Chicago
200 East Randolph Street
Chicago, IL 60601




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Proxy Statement

2020
Annual Meeting
of Shareholders




June 9, 2020 at 10:00 a.m. Eastern Daylight Time

ICON International
One East Weaver Street
Greenwich, CT 06831

Shareholders may also attend online at
www.virtualshareholdermeeting.com/OMC2020













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Ongoing engagement with Omnicom’s largest shareholders to discuss topics such as board leadership and composition and board refreshment is critical to my role as Lead Independent Director.



A Letter from theOmnicom’s Lead Independent Director

To My Fellow Shareholders:

It is a great honorI would like to serve as Omnicom’s Lead Independent Director.start by acknowledging the difficult times that our society, shareholders, clients, and the Omnicom family are facing due to the COVID-19 pandemic. During this period, we have been focused first and foremost on ensuring the safety and well-being of our people, while continuing to support our clients and protect our business. Our Board is focused on the oversight of Omnicom’sand management team have been actively monitoring and protecting your interests. We believe that Omnicom’s commitmentresponding to the highest standards of corporate governance drives successCOVID-19 pandemic, and builds sustainable, long-term value for shareholders. 2016 was an excellent year for Omnicomwhile it is too early to understand its full impact on our operations and financial performance, we are confident that we have the right resources in place to weather these challenging times. I encourage you to referread the annual letter to the lettershareholders from John Wren, our PresidentChairman and Chief Executive Officer, whichJohn Wren, that addresses the steps we have taken in response to COVID-19. The letter is available on Omnicom’sour website at http://investor.omnicomgroup.com,investor.omnicomgroup.com.

In light of public health considerations, we have decided to learn more about the success of our company.

I would like to take this opportunity to provide you with an update on our continued progress on key initiatives.

Board Refreshment

Omnicom’s commitment to board refreshment is central to preserving director independence and 2016 washold a year of robust refreshment. Once our mandatory retirement age policy becomes effective December 31, 2017, Directors reaching the age of 75 will not stand for re-election. To ensure a smooth transition, two of our long-serving Board members stepped down in 2016 and an additional long-serving Board member, Mr. Michael A. Henning, will not stand for re-election at our 2017“hybrid” Annual Meeting of Shareholders. The Board is gratefulShareholders this year so that shareholders have the opportunity to Mr. Henning for his leadershipattend the Annual Meeting online via live audio webcast at www.virtualshareholdermeeting.com/OMC2020. Additional details on how to participate are included in the Proxy Statement.

2019 In Review:

Our focus and thanks him for his manypriorities have largely shifted in recent weeks due to the ongoing COVID-19 pandemic. We are fortunate that after several years of dedicated service.

Board refreshment, our Board and management team have strengthened Omnicom’s governance. The Board regularly evaluates directordiversity of perspectives and range of skill sets to ensure the optimal combination of expertise is represented on the Board. Over the past year, our Board has been keenly focused on the recruitment of exceptional director candidates to replace departing directors. The Board undertook a deliberate skills analysis of the directors stepping down from the Board, asthat we now have will serve us well as those who will remain,we respond to the current crisis and determined that the first priority was to focus on director candidates whose skills and experience not only enhance the Board, but also make them highly qualified to serve on our Audit Committee.

Two new independent directors, Deborah J. Kissire and Valerie M. Williams, joined the Board and our Audit Committee in 2016. Ms. Kissire is a former Vice Chair and Regional Managing Partner, member of the Americas Executive Board and member of the Global Practice Group of EY. Ms. Williams is a former Southwest Assurance Managing Partner for EY with over 35 years of public company audit experience. Each of Mses. Kissire and Williams possess business acumen, leadership skills and accounting expertise that will be a valuable assetkey to the effective oversight of Omnicom’s Board and Audit Committee. The Board is actively overseeinglong-term strategy. Moving forward, we will continue to adhere to solid corporate governance standards that support the recruitment of additional directors and has been working with an outside search firm to assist in identifying qualified candidates.company’s value-creation strategy.

Long-Standing Shareholder Engagement Program Remains a Priority.

EngagingMaintaining an open dialogue through engagement with our largest shareholders is another one of my top priorities and is alsoremains a focuspriority for the entire Board. I have had the pleasure of speaking with many of our largest shareholders about a variety of matters, including board leadership and composition, board refreshment, succession planning, executive compensation, sustainability, and diversity and inclusion. This past year, we reached out to more than two-thirdsshareholders holding 68% of our shareholdersoutstanding shares and we spoke to every shareholder who accepted our invitation to talk.for engagement. In these conversations, we discussed a variety of topics including board leadership and composition, the alignment of director skills with Omnicom’s strategy, succession planning, diversity and inclusion, corporate culture, executive compensation, and sustainability. We strive to maintain an open dialogue with our shareholders and believe investor input enablesvalue the Board to more effectively evaluate our governance practices. The constructive feedback we receive from shareholdersreceived during these engagements, which is shared with and discussed by the full Board on a regular basis.basis, and we factor this shareholder input into our evolving governance practices.



Our Board is Highly Engaged, Possesses a Wide Range of Skills and Experiences, and Continues to Focus on Refreshment.    Proxy Statement 2017Omnicom’s Board is comprised of highly skilled directors with the collective experience and perspectives that together generate strong and effective oversight. This balanced and diverse mix of directors serving on Omnicom’s Board is a result of our ongoing refreshment efforts. Two long-serving directors will not be standing for re-election at this year’s Annual Meeting due to our director retirement policy. As a result, we again conducted a formal analysis of Shareholders



Tabledirector skill sets, and believe that we continue to have the optimal mix of Contentsdirectors in place to align with Omnicom’s key strategic priorities and critical areas of oversight, including strategic planning, industry experience, finance and accounting, risk management and controls, talent management, and technology.






Two new independent directors, Deborah J. Kissire and Valerie M. Williams, joined the Board

Our Commitment to Diversity and Inclusion Drives Progress across the Organization.The strength of our Audit Committee in 2016.


Pay for Performance

In determining compensation for our named executive officers for performance in fiscal 2016, Omnicom again demonstrated its commitment to closely link executive compensation to performancefostering a culture of diversity and inclusion at every level of our organization is demonstrated by makingthe diversity on our Board. At the Board level, a significant portionmajority of potential compensation variable, as well as long-term performance driven.our directors are female, four directors are African American, and three of our four committees are chaired by female directors. We believe this is alignedthe diversity of our Board, together with shareholder intereststhe many ongoing initiatives across our organization and the long-term interests of the Company. In our Compensation Discussion & Analysis,progress we have endeavored to continue enhancing our compensation disclosure to explain clearly our compensation program includingmade on diversity throughout Omnicom, reflects the variousfact that diversity and inclusion are core Omnicom values and essential components of pay, selectionour culture. A diverse workforce supports the success of metrics, balance between long-termour business as it creates a robust mix of viewpoints and short-term awards and strong pay-for-performance alignment.

The Board remains focused on its oversight responsibility and will continueideas that enhance our ability to communicate its efforts to shareholders. We believe that regular, transparent communication with our shareholders is criticaldeliver superior services to our long-term success.clients.

I have shared with you before that it is a privilege to serve as Omnicom’s Lead Independent Director, and that sentiment holds true today. On behalf of the entire Board, I thank you for your support and look forward to continuing a constructive dialogue in the years to come.work with our management team to navigate present challenges and create sustainable, long-term value for you, our shareholders.


Leonard S. Coleman, Jr.
Lead Independent Director

2
Leonard S. Coleman, Jr.
Lead Independent Director2020Proxy Statement


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NOTICE OF 2020 ANNUAL MEETING OF
SHAREHOLDERS
____________________

OMNICOM GROUP INC.
437 Madison Avenue
New York, New York 10022Subject:

Notice of 2017 Annual Meeting of Shareholders


Meeting Date:    Thursday, May 25, 2017
Time:10:00 a.m. Central Daylight Time
Place:DDB Chicago
200 East Randolph Street
Chicago, IL 60601
Subject:1.Elect the directors named in the Proxy Statement accompanying this notice to the Company’s Board of Directors to serve until the Company’s 20182021 Annual Meeting of Shareholders or until the election and qualification of their respective successors.
2.Vote on an advisory resolution to approve executive compensation.
3.Vote on an advisory basis, on the frequency of future advisory resolutions to approve executive compensation.
4.Ratify the appointment of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2017.2020.
4.Vote on the shareholder proposal described in the accompanying Proxy Statement, if properly presented at the 2020 Annual Meeting of Shareholders.

The Board unanimously recommends that you vote:

The Board unanimously recommends that you vote:

FOReach of the director nominees;

FORthe advisory resolution to approve executive compensation;

for a frequency of every ONE YEAR for future shareholder advisory resolutions to approve executive compensation; and

FORthe ratification of the appointment of KPMG LLP as our independent auditors.auditors; and

Record Date:AGAINST

April 5, 2017

the shareholder proposal described in the accompanying Proxy Statement.

Shareholders will also transact any other business that is properly presented at the meeting. At this time, we know of no other matters that will be presented.

In accordance with the rules promulgated by the U.S. Securities and Exchange Commission, we sent a Notice of Internet Availability of Proxy Materials on or about April 13, 2017,29, 2020, and provided access to our proxy materials on the Internet, beginning on April 13, 2017, for29, 2020, to the holders of record and beneficial owners of our common stock as of the close of business on the record date.

Please sign and return your proxy card or vote by telephone or Internet (instructions are on your proxy card), so that your shares will be represented at the 20172020 Annual Meeting of Shareholders, whether or not you plan to attend. For your convenience, you may attend the meeting in person or online through a live audio webcast of the meeting. If you do attend in person, you will be asked to present valid photo identification, such as a driver’s license or passport, before being admitted. Cameras, recording devices and other electronic devices will not be permittedpermitted.

You may also attend the 2020 Annual Meeting online by visiting www.virtualshareholdermeeting.com/OMC2020 and entering the 16-digit control number included on your Notice of Internet Availability of Proxy Materials or proxy card. Shareholders of record that hold shares directly in their own name through our transfer agent, Equiniti Trust Company, or through an Omnicom employee plan, must pre-register to attend the 2020 Annual Meeting online at www.proxypush.com/OMC prior to the meeting.deadline of Tuesday, June 2, 2020 at 5:00 p.m. Eastern Daylight Time. Additional information about the meeting is included below in this Proxy Statement in the section entitled “Information About Voting and the Meeting.”

Michael J. O’Brien
Secretary

Michael J. O’Brien
Secretary

New York, New York
April 29, 2020


Meeting Date:
Tuesday, June 9, 2020

Time:
10:00 a.m. Eastern
Daylight Time

Place:
ICON International
One East Weaver Street
Greenwich, CT 06831

Shareholders may also
attend online at www.virtualshareholder
meeting.com/OMC2020

Record Date:
April 22, 2020


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April 13, 2017PROXY SUMMARY

____________________

    Proxy Statement 2017This summary highlights selected information about the items to be voted on at the 2020 Annual Meeting of ShareholdersShareholders. This summary does not contain all of the information that you should consider in deciding how to vote. You should read the entire Proxy Statement carefully before voting.

Meeting Agenda and Voting Recommendations

ITEM 1: Election of Directors
The Board recommends a voteFOReach of the director nominees.
We have conducted a comprehensive evaluation of director skill sets to ensure that each director's unique qualifications and attributes collectively support the oversight of Omnicom's management.
Diversity is a core value at every level of our organization. A majority of our director nominees are female and four are African American. The Audit, Compensation and Finance Committees are all Chaired by female directors, and the Chair of the Governance Committee is African American.
Eight of Omnicom’s nine director nominees are independent, and each of the Audit, Compensation, Governance and Finance Committees is comprised solely of independent directors.
Each of our directors is elected annually by a majority of votes cast.
 
See page 10
for further
information

DIRECTOR NOMINEES
Name and AgePrincipal OccupationDirector
Since
Omnicom
Committees
Other Current Public
Company Boards
Mary C. Choksi, (I), 69Former Founding Partner and Senior Manager of Strategic Investment Group2011A(Chair)
C
Avis Budget Group
White Mountains Insurance Group, Ltd.
Leonard S. Coleman, Jr. (I), 71
Lead Independent Director
Former President, National League of Professional Baseball Clubs1993C
G(Chair)
Avis Budget Group
Electronic Arts Inc.
Hess Corporation
Susan S. Denison, (I), 74Former Partner, Cook Associates1997C(Chair)
G
Ronnie S. Hawkins, (I), 51Managing Director of Global Infrastructure Partners
2018G
F
Deborah J. Kissire, (I), 62Former Vice Chair and Regional Managing Partner, EY2016A
F
Cable One, Inc.
Axalta Coating Systems Ltd.
Gracia C. Martore, (I), 68Former President and Chief Executive Officer, TEGNA Inc.2017A
F(Chair)
WestRock Company
United Rentals, Inc.
Linda Johnson Rice, (I), 62Chairman and Chief Executive Officer, Johnson Publishing Company2000C
G
Grubhub Inc.
Valerie M. Williams, (I), 63Former Southwest Assurance Managing Partner, EY2016A
F
WPX Energy, Inc.
DTE Energy Co.
John D. Wren, 67Chairman and Chief Executive Officer, Omnicom1993
(I):IndependentA:AuditC:CompensationF:FinanceG:Governance

42020Proxy Statement



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PROXY SUMMARY

Board Snapshot

Independence

Diversity

8 of 9are independent

Women & Multicultural Directors

Current Tenure of 2020 Nominees

Experience and Skills

Our director nominees are accomplished leaders who bring a mix of experiences and skills to the Board.
Our Board has identified skill categories fundamental to its ability to effectively oversee Omnicom's strategy and management, and undertakes a comprehensive evaluation to ensure these skills are well represented on the Board.
See page 11 for further information.

GOVERNANCE HIGHLIGHTS

The Board has adopted, and periodically reviews, policies and procedures to guide it in its oversight responsibilities. These policies and procedures provide a framework for the proper operation of our Company and align with shareholders' interests.

Shareholder Rights

Independent Oversight

Good Governance

Annual election of all directors
Majority voting standard in uncontested elections
Proxy access rights consistent with overwhelming market practice
Right to call a special meeting of the Board with 10% ownership threshold
Continued efforts to foster a successful shareholder outreach program
Engaged Lead Independent Director with clear and robust responsibilities
All directors are independent except the Chairman, who also serves as CEO
Executive sessions of our independent non-management directors are conducted on a regular basis
All Board committees are comprised solely of independent directors
Comprehensive oversight of strategy and risk
Annual Board and committee evaluations and skill set assessment
Director orientation and continuing education
Strong equity ownership requirement for executives and directors (3x to 6x base salary for executives; 5x annual cash retainer for directors)
Robust processes for confidential and anonymous submission by employees of concerns regarding accounting or auditing matters, as well as potential violations of our Code of Business Conduct or Code of Ethics for Senior Financial Officers

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PROXY SUMMARY

SHAREHOLDER ENGAGEMENT

Ongoing shareholder engagement is a priority for our Board and management team. In 2019, we reached out to shareholders holding 68% of our outstanding shares and spoke to shareholders representing 25% of outstanding shares, which was every shareholder who accepted our invitation for engagement. As in prior years, Mr. Coleman, our Lead Independent Director, was an active participant in select shareholder meetings. Broad topics discussed included:

Company strategy and performance
Board composition, refreshment and leadership
Management succession
Executive compensation program
Diversity and inclusion efforts across the organization
Governance practices
Sustainability initiatives

We have made a number of changes in recent years in response to the feedback we have received from our ongoing shareholder engagement efforts, including:

Topics discussed with Shareholders

Recent Board actions in response to feedback

Board Leadership– A large majority of our shareholders indicated they are supportive of the combined Chair and CEO positions given our strong Lead Independent Director role, the critical nature of client-chairman relationships in our professional services business, and the complex nature of our rapidly changing industry

The role and responsibilities of our Lead Independent Director, which were most recently enhanced in February 2019, are robust and clearly defined
Based on shareholder feedback, the independent members of the Board elected Mr. Coleman to serve as our new Lead Independent Director in December 2015, and Mr. Coleman has since been re-elected by the independent directors annually
The Board continues to evaluate its leadership structure on an ongoing basis to ensure its structure is in the best interest of shareholders

Board Refreshment– Shareholders are pleased with the level of progress we have shown to meaningfully refresh and further diversify our Board

The Board has implemented a thoughtful approach to refreshment, including adoption of a mandatory retirement policy, which fostered a smooth transition
Since March 2016, the Board has appointed four new independent directors
Two directors will not stand for re-election at the 2020 Annual Meeting and therefore are not included in this Proxy Statement
The Board anticipates continued Board refreshment on an ongoing basis

Director Skill Sets– Shareholders support the diverse aggregation of skills represented by the members of our Board, and appreciate the deliberate director skill set analysis undertaken by the Board to inform the director recruitment process

The Board continues its search for qualified director candidates, with ongoing assistance by a third-party search firm
The current mix of director skills provides effective oversight of management, with those skill categories with the highest levels of director experience, namely Talent Management, Finance & Accounting, and Risk Management & Controls, aligning with the Company’s top priorities and critical areas of oversight that shareholders expect to see represented on the Board
The Board conducted a deliberate director skill set analysis and has identified and discussed with shareholders certain director skill categories such as Technology and Legal/Regulatory that it intends to prioritize with respect to prospective director candidates

We appreciate the insights and perspectives of our shareholders, which were discussed among the full Board.

62020Proxy Statement


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PROXY SUMMARY

ITEM 2: Advisory Resolution to Approve Executive Compensation
The Board recommends a vote FOR this voting item.
We closely tie pay to current and long-term Company performance;
We maintain a high degree of variable, “at-risk” compensation;
We establish challenging performance metrics that align with our business strategy; and
We sustain competitive compensation levels.
 
See page 33
for further
information

EXECUTIVE COMPENSATION HIGHLIGHTS

Omnicom strives to closely link executive compensation to performance by making a significant portion of potential compensation variable, or “at-risk” as well as long-term performance driven. In 2019, we compensated our CEO using the following elements for total target direct compensation.

   Description
Table Base Salary

Fixed amount based on responsibilities, experiences and market data.

5%of Contentsour CEO’s 2019 compensation was base salary. For each NEO, as described below in the “Compensation Discussion and Analysis” section of this Proxy Statement, the majority of total compensation is variable and based on performance.

Annual Cash Incentive

Awards are earned based on goals that are meaningful and challenging, and designed to drive shareholder value.

95%of our CEO’s 2019 compensation was variable and based on performance

Performance Restricted
Stock Units (2023 vesting)



The Incentive Award, based on quantitative performance measures, is allocated between short-term cash and long-term equity-based awards; for our CEO and CFO, Performance Restricted Stock Units (the “PRSUs”) are subject to further performance conditions over a three-year period from 2020 to 2022.

41%of our CEO’s 2019 compensation was also contingent upon the future performance of the Company.



  

PageCompensation Best Practices

Emphasis on performance-based compensation

Executive and director stock ownership guidelines (6x base salary for CEO; 3x base salary for CFO)

Policy adopting equity grant best practices
Compensation forfeiture/clawback policy
Policy prohibiting hedging of company equity securities
Policy prohibiting pledging and margin transactions

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PROXY SUMMARY

ITEM 3: Ratify the appointment of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2020

The Board recommends a voteFOR this voting item.

See page 66
for further
information

ITEM 4: Shareholder Proposal Regarding Proxy Access Amendment

The Board recommends a voteAGAINST this voting item.

See page 68
for further
information

82020Proxy Statement


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TABLE OF CONTENTS
____________________

Notice of 2020 Annual Meeting of Shareholders3
Corporate GovernanceProxy Summary4
Proxy Statement10
ITEM 16
Board Composition6
Shareholder Engagement7
Board Leadership7
Board Operations and Committee Structure9
Director Nomination Process10
Board and Committee Evaluation Process10
Director Attendance11
Director Retirement Policy11
Compensation Committee Interlocks and Insider Participation11
Qualifications of the Members of the BoardElection of Directors11
Diversity and Inclusion11
Risk Oversight12
Ethical Business Conduct1310
Item 1 — ElectionOmnicom Board of Directors1410
Board’s Role and Responsibilities20
Diversity and Corporate Responsibility22
Communications with Shareholders24
Board Leadership Structure25
Board Policies and Processes29
Directors’ Compensation for Fiscal Year 201931
ITEM 2Advisory Resolution to Approve Executive Compensation33
2019 CEO Compensation33
Executive Compensation2735
Compensation Discussion and AnalysisExecutive Summary2736
Compensation Committee Report4742
Compensation Discussion & Analysis43
Summary Compensation Table for 201620194858
Grants of Plan-Based Awards in 201620194959
Outstanding Equity Awards at 20162019 Year-End4960
Option Exercises and Stock Vested in 201620195061
Nonqualified Deferred Compensation in 201620195161
Potential Payments Upon Termination of Employment or Change in Control5161
Item 2 — Advisory Resolution to Approve Executive CompensationPay Ratio Disclosure55
Item 3 — Advisory Vote on the Frequency of Future Advisory Resolutions to Approve Executive Compensation5665
Directors’ Compensation for Fiscal 2016ITEM 357
Equity Compensation Plans59
Stock Ownership60
Audit Related Matters62
Fees Paid to Independent Auditors62
Audit Committee Report63
Item 4 — Ratification of the Appointment of Independent Auditors6466
Fees Paid to Independent Auditors66
Audit Committee Report67
ITEM 4Shareholder Proposal Regarding Proxy Access Amendment68
Stock Ownership Information70
Security Ownership of Certain Beneficial Owners and Management70
Equity Compensation Plans71
Information About Voting and the Meeting6573
Hybrid Meeting73
Record Date Shares Outstanding6573
Quorum; Required Vote; Effect of an AbstentionAbstentions and Broker Non-Votes65
Voting65
Voting by Street Name Holders66
“Default” Voting66
Right to Revoke66
Tabulation of Votes6673
Voting Prior to the Meeting74
Voting at the Meeting74
“Default” Voting75
Right to Revoke75
Tabulation of Votes75
Additional Information6776
Expense of SolicitationSection 16(a) Beneficial Ownership Reporting Compliance6776
Incorporation by ReferenceTransactions with Related Persons6776
Expense of Solicitation68
Incorporation by Reference68
Availability of Certain Documents6876
Delivery of Documents to Shareholders Sharing an Address68
Shareholder Communications with Board Members6876
Shareholder Proposals and Director Nominations for the 20182021 Annual Meeting6977
Annex A78
Non-GAAP Financial Information7078

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OMNICOM GROUP INC.
437 Madison Avenue
New York, New York 10022

PROXY STATEMENT

www.omnicomgroup.com
Corporate Governance9


PROXY STATEMENT

ITEM 1 — ELECTION OF DIRECTORS
______________

Omnicom Board Compositionof Directors

The Board of Directors of Omnicom Group Inc., a New York corporation (“Omnicom,” the “Company,” “we,” “us” or “our”), currently consists of 1311 directors: 1110 independent directors, Bruce Crawford, our Chairman of the Board, and John D. Wren, our PresidentChairman and Chief Executive Officer. Each director stands for election annually and is elected by a majority of votes cast (in an uncontested election). Our Board values the views of our investors regarding board composition and, in response to investor input, has made board refreshment a priority. As part of this ongoing board refreshment process:

A currentOur Board member, Mr. Michael A. Henning,succession planning process resulted in the addition of four new independent directors since 2016 who bring important and complementary skills to the Board’s overall composition.

Deborah J. Kissire, a former Vice Chair and Regional Managing Partner of EY, joined our Board and Audit Committee in March 2016 and Finance Committee in May 2017.

Valerie M. Williams, a former Southwest Assurance Managing Partner for EY, joined our Board in October 2016, Audit Committee in December 2016 and Finance Committee in December 2017.

Gracia C. Martore, the former President and Chief Executive Officer of TEGNA Inc., joined our Board and Audit Committee in July 2017, joined the Finance Committee in May 2019 and became Chair of the Finance Committee in March 2020.

Ronnie S. Hawkins, a Managing Director of Global Infrastructure Partners, joined our Board and Finance Committee in February 2018 and Governance Committee in February 2019.
Pursuant to the Board’s mandatory retirement age policy, two independent Board members will not stand for re-election at our 20172020 Annual Meeting of Shareholders (“2017 Annual Meeting”).
Two former Board members stepped down last year.
We added two new independent directors, Deborah J. Kissire and Valerie M. Williams, to the Board and Audit Committee in 2016.Meeting.

As a result of these changes to our Board’s composition, we expect that following the 2017 Annual Meeting, our Board will consist of 12 directors, 10 of whom will be independent. We anticipate continued refreshment of our Board over the next couple of yearsrefreshment and remain focused on ensuring a smooth transition. Director biographiestransition and information about the committees on which our directors serve is included below in the section entitled “Item 1 — Election of Directors.”onboarding process for new directors.

2017 Director Nominees (12 total)
INDEPENDENCE      DIVERSITY
DIRECTOR TENURE

    Proxy Statement 2017 Annual MeetingA balanced mix of Shareholders



Tablefresh perspectives and institutional knowledge enables strong Board oversight of Contents

Corporate Governance

Shareholder Engagement

We are strongly committed to shareholder outreach, supportedmanagement. The 2020 director tenure chart below illustrates this balance and overseen byreflects the Board, and believe regular, transparent communication with our shareholders is important to our long-term success. Duringmeaningful board refreshment that has been underway over the last year, we have reached out to shareholders representing 68%several years.

Current Tenure of our outstanding shares and engaged with 35% in a continued effort to foster a successful shareholder outreach program, establishing and deepening the relationships with the governance teams at many of our largest investors. Mr. Coleman, our Lead Independent Director, actively participates in selected investor meetings each year. To ensure that we fully address any shareholder concerns, shareholder feedback is shared with the Governance and Compensation Committees, as appropriate, as well as with the full Board.2020 Nominees

In response to conversations we have had with our shareholders, we have made the following significant corporate governance enhancements over the past year:

What we heard from shareholders10Board response to this feedback2020
The majority of our shareholders indicated they were supportive of our current Board leadership structure
Proxy StatementWe elected a new director to serve as Lead Independent Director in December 2015
The Lead Independent Director was reelected by the independent directors in May 2016
The role and responsibilities of our Lead Independent Director are robust and clearly defined
Shareholders were pleased with the level of progress we have shown to meaningfully refresh our Board
The Board has implemented a thoughtful approach to refreshment that is fostering a smooth transition
The Board adopted a policy setting the mandatory retirement age at 75
Two directors stepped down from the Board in 2016
The Board appointed a new independent director in March 2016 and another in October 2016
One additional director will step down from the Board prior to the 2017 Annual Meeting
The Board will continue its search for qualified director candidates, including through the engagement of a third-party search firm
Shareholders encouraged us to adopt proxy access with reasonable terms
Adopted proxy access in March 2016 allowing shareholders owning 3% of our common stock for three years to nominate directors constituting up to 20% of the Board (with a two-director minimum)

Based on the feedback we received from shareholders, the Board has taken significant steps to be responsive to their concerns, including adoption of a board retirement policy described in the section entitled “Director Retirement Policy” on page 11 that by the 2018 Annual Meeting of Shareholders will have resulted in six of our Board members stepping down between May of 2016 and May of 2018. We value our investors’ views regarding our Company, as well as their opinions on corporate governance best practices. Our Board and management found this engagement constructive and informative and will continue our engagement efforts.

Board Leadership

Lead Independent Director

Our Board is committed to improving the Company’s corporate governance practices, and we have significantly enhanced the responsibilities of our Lead Independent Director to strengthen the Board’s independent oversight of management. Further, we have formalized the annual process whereby our independent directors elect the Company’s Lead Independent Director. This individual would typically also serve as a member of the Governance Committee and, as such, participate in directorand CEO succession planning. In addition to the responsibilities of all directors, our Lead Independent Director’s other duties, which the Board continues to evaluate through engagement with shareholders, are:

Preside at executive sessions of the independent directors;
Preside at all meetings of the Board at which the Board Chairman is not present;

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Corporate GovernanceITEM 1 — ELECTION OF DIRECTORS

Serve as principal liaison between the independent directors and the Board Chairman and CEO;
Oversee the annual Board and committee evaluations;
Participate in developing agendas for Board meetings, with the authority to add agenda items;
Approve the schedule of Board meetings;
Advise the Board Chairman as to the quality, quantity and timeliness of information provided to the Board;
Engage and consult with shareholders as part of our shareholder engagement process; and
Perform such other duties as the Board may from time to time delegate.QUALIFICATIONS OF THE MEMBERS OF THE BOARD

In May 2016, the independent members of our Board re-elected Leonard S. Coleman, Jr. to serve as the Company’s LeadIndependent Director. During his tenure as a member of the Board, Mr. Coleman has consistently demonstrated thoughtful leadership and intelligent decision making. Each year in which he has served as Lead Independent Director, Mr. Coleman has committed to being personally involved in our shareholder engagement efforts. Mr. Coleman’s proven integrity and values align perfectly with the important role of Lead Independent Director. Coupled with his extensive senior management, financial, government, development and public company board experience, the independent members of the Board determined that Mr. Coleman would be the ideal candidate to serve as the Company’s Lead Independent Director. We believe that this leadership structure enhances the accountability of the CEO to the Board and strengthens the Board’s independence from management.

Chairman and CEO Roles

Our Board understands that there are differing views on the most appropriate Board leadership structure depending on a company’s specific characteristics and circumstances. We currently maintain separate Chairman of the Board and CEO roles. The CEO is responsible for the overall execution of the Company’s strategy and maintains vital relationships with hundreds of our top clients and key employees. The Chairman of the Board provides guidance and mentorship to the CEO and presides over meetings of the full Board. Our Governance Committee, as well as the full Board when appropriate, regularly evaluates the leadership structure of our Board to determine what works best for the Company and whether combining the roles of Chairman and CEO or keeping them separate best serves the interests of our shareholders. Whether the roles of Chairman and CEO are separate or combined, we will continue to have a Lead Independent Director to ensure independent oversight of our Board.

Our Chairman of the Board, Bruce Crawford, has tremendous experience both with Omnicom and in the advertising, marketing and corporate communications industries. He began his career in advertising in 1956 and, in 1963, he joined BBDO Worldwide, an Omnicom company. He held a variety of high-level positions at BBDO, including that of President and CEO. He was Omnicom’s President and CEO from 1989 until 1995, when he became Omnicom’s Chairman of the Board and CEO. Upon Mr. Wren’s appointment as President and Chief Executive Officer in 1997, Mr. Crawford resigned from his role as CEO, while remaining Chairman of the Board, as well as an executive officer. Our Board has determined that Mr. Crawford’s continued role as Chairman of the Board allows us to further benefit from the depth of Mr. Crawford’s prior experience and helps us preserve our distinctive culture and history.

Our Board believes that the current Board leadership structure is best for the Company and its shareholders at this time.

Director Independence

Our outside directors are Alan R. Batkin, Mary C. Choksi, Robert Charles Clark, Leonard S. Coleman, Jr., Susan S. Denison, Michael A. Henning, Deborah J. Kissire, John R. Murphy, John R. Purcell, Linda Johnson Rice and Valerie M. Williams. Our Board has determined that all of our outside directors are “independent” within the meaning of the rules of the New York Stock Exchange (“NYSE”), as well as under our Corporate Governance Guidelines. Our Corporate Governance Guidelines are posted on our website at http://www.omnicomgroup.com. In determining that each of our outside directors is independent, the Board took into consideration the answers to annual questionnaires completed by each of the directors, which covered any transactions with director-affiliated entities. The Board also considered that Omnicom and its subsidiariesoccasionally and in the ordinary course of business, sell products and services to, and/or purchase products and services from, entities (including charitable foundations) with which certain directors are affiliated. The Board determined that these transactions were not material to Omnicom or the entity and that none of our directors had a material interest in the transactions with these entities. The Board therefore determined that none of these relationships impaired the independence of any outside director.

As a matter of policy, the independent, non-management directors regularly meet in executive session, without management present. The independent directors met six times in 2016. Mr. Coleman, our Lead Independent Director, presides over executive sessions of the Board.

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Corporate Governance

Board Operations and Committee Structure

Our Board met nine times during 2016. The Board generally conducts specific oversight tasks through committees so that the Board as a whole can focus on strategic matters and those particular tasks that by law or custom require the attention of the full Board. Our Board has established five standing committees, functioning in these areas, as explained more fully below:

audit and financial reporting
management/compensation
corporate governance 
finance and acquisitions/divestitures 
attendance to matters requiring consideration between Board meetings

Each of the committees operates under a written charter recommended by the Governance Committee and approved by the Board. The Board operates pursuant to our Corporate Governance Guidelines. Each Board committee is authorized to retain its own outside advisors. Our Corporate Governance Guidelines and committee charters, which have been approved by the Board, are posted on our website at http://www.omnicomgroup.com. The table below provides current membership for each Board committee.

Committees of the Board of Directors

Director     Audit     Compensation     Governance     Finance     Executive
Alan R. Batkin                                                                
Mary C. Choksi        
Robert Charles Clark        
Leonard S. Coleman, Jr.  
Bruce Crawford   
Susan S. Denison   
Michael A. Henning   
Deborah J. Kissire    
John R. Murphy  
John R. Purcell  
Linda Johnson Rice   
Valerie M. Williams    
John D. Wren     
Number of Meetings in 2016119971

Member
Chair

Audit Committee:The Audit Committee’s purpose is to assist the Board in carrying out its financial reporting and oversight responsibilities, including oversight of risk as described in “Risk Oversight” below. In this regard, the Audit Committee assists the Board in its oversight of (a) the integrity of our financial statements, (b) compliance with legal and regulatory requirements, (c) the qualifications and independence of our independent auditors, and (d) the performance of our internal audit function and independent auditors. Furthermore, the Audit Committee prepares the report included below in the section entitled “Audit Committee Report.” The Audit Committee also has the power to retain or dismiss our independent auditors and to approve their compensation.

The Board has determined that each member of our Audit Committee is “independent” within the meaning of the rules of both the NYSE and Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Board has also determined that each member of our Audit Committee is an “audit committee financial expert,” is “financially literate” andhas “accounting or related financial management expertise,” as such qualifications are defined by U.S. Securities and Exchange Commission (“SEC”) regulations and the rules of the NYSE, respectively.

Compensation Committee:The Compensation Committee’s purpose is (a) to assist the Board in carrying out its oversight responsibilities relating to compensation matters, including oversight of risk as described in “Risk Oversight” below, (b) to prepare a report on executive compensation for inclusion in our annual Proxy Statement and (c) to administer and approve awards under our equity and other compensation plans. The report of the Compensation Committee is included below in the section entitled “Compensation Committee Report.”

The Board has determined that each member of our Compensation Committee is “independent” within the meaning of the rules of the NYSE, a “non-employee director” within the meaning of the regulations of the SEC and an “outside director” within the meaning of regulations of the U.S. Treasury.

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Governance Committee:The Governance Committee’s purpose is to assist the Board in carrying out its oversight responsibilities, including oversight of risk as described in “Risk Oversight” below, relating to (a) the composition of the Board and (b) certain corporate governance matters. As part of its responsibilities, the Governance Committee considers and makes recommendations to the full Board with respect to the following matters: 

director nominees and underlying criteria for election to the Board and its committees;
the structure, responsibilities, performance and composition of the Board committees;
standards and procedures for review of the Board’s performance;
our Corporate Governance Guidelines generally, including with respect to director qualification standards, responsibilities, access to management and independent advisors, compensation, orientation and continuing education, and performance evaluation;
management succession;
shareholder proposals made under SEC rules;
the Code of Business Conduct applicable to our directors, officers and employees;
the Code of Ethics applicable to our senior financial officers; and
the Governance Committee’s performance of its own responsibilities.

The Governance Committee also oversees our shareholder engagement efforts and periodically receives reports from management on shareholder feedback. The Board has determined that each member of our Governance Committee is “independent” within the meaning of the rules of the NYSE.

Finance Committee:The Finance Committee’s purpose is to assist the Board in carrying out its oversight responsibilities relating to financial matters affecting Omnicom, including in respect of acquisitions, divestitures and financings and the oversight of risk as described in “Risk Oversight” below.

Executive Committee:The Executive Committee’s purpose is to act on behalf of the Board in the management of the Board’s business and affairs between Board meetings, except as specifically prohibited by applicable law or regulation, or by our charter or By-laws.

Director Nomination Process

Nominations for directors at our 2018 Annual Meeting of Shareholders may be made only by the Board, or by a shareholder entitled to do so pursuant to our By-laws not later than the deadlines set forth below in the section entitled “Shareholder Proposals and Director Nominations for the 2018 Annual Meeting.”

Our By-laws provide that shareholders may present director nominations directly at the annual meeting (and not for inclusion in our proxy statement) by satisfying certain advance notice requirements, and providing information as to such nominee and submitting shareholder as specified in our By-laws. Our By-laws also permit a shareholder or group of up to 20 shareholders owning 3% or more of the Company’s common stock continuously for at least three years to nominate and include in the Company’s proxy statement director candidates constituting up to 20% of the Board, but no less than two, to be considered for election by the holders of the Company’s common stock, provided that the shareholder (or group) and each nominee satisfy the requirements and provide information as to such nominee and submitting shareholder as specified in our By-laws.

You can obtain a copy of the full text of the By-law provisions noted above by writing to our Corporate Secretary at our address listed below in the section entitled “Availability of Certain Documents”, or on our website at http://www.omnicomgroup.com. Our By-laws have also been filed with the SEC.

The Governance Committee will consider all candidates recommended by our shareholders in accordance with the procedures included in our By-laws and this Proxy Statement. We did not receive any nominee recommendations from shareholders this year. Any future director candidate recommendations made by shareholders that are properly submitted will be considered by the Governance Committee in the same manner as those submitted by the Board or the Governance Committee itself.

Our Board seeks to ensure that it is composed of individuals not only with substantial experience and judgment but also from diverse backgrounds and experiences. In determining the nominees for the Board, our Governance Committee considers the criteria outlined in our Corporate Governance Guidelines including a nominee’s independence, his or her background and experience in relation to other members of the Board, and his or her readinessability to commit the time and focus required to discharge Board duties and independence issues.duties. In addition, our Governance Committee considers the composition of the Board as a whole and diversity in its broadest sense, including persons diverse in gender ethnicity and geographyethnicity as well as representing diversediversity of viewpoints, ages, and professional and life experiences. In considering diversity, director nominees are neither chosen nor excluded solely or largely based on any one factor. The Governance Committee considers a broad spectrum of skills and experience to ensure a strong and effective Board.

Board and Committee Evaluation Processnominees are neither chosen nor excluded solely or largely based on any one factor.

Every year, theOur Board and its committees each conduct a self-evaluationseeks to align our directors’ collective expertise with those areas most important to strong oversight of management at Omnicom. Accordingly, we periodically evaluate Board composition to help inform Board succession planning efforts, maintain close alignment between Board skills and Omnicom’s long-term strategy, and promote Board and committee effectiveness. The Governance Committee leads the evaluation process, which is overseen by our Lead Independent Director. The process allows directors to evaluate the Board asWe have implemented a whole and the standing committees of the Board on which each director serves through questionnaires covering topics such as:

the effectiveness of the Board’s leadership structure and the composition and responsibilities of its committees;
the adequacy of the number and length of Board and committee meetings and the appropriateness of topics discussed; and
the dynamic between the Board and management, and the quality of management’s presentations and information provided to the Board and its committees.

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Corporate Governance

Our Governance Committee recommends to the full Board a planrigorous skills analysis for any changes to the functions of our Board or its committees including on structure, responsibilities, performance and composition.

The Governance Committee reviews the composition of the Board and recommends to the full Board nominees for election. The Governance Committee identifies the skills and experienceneeded to replace any departing director and performs research, either itself or by engaging third parties to do so on its behalf, to identify and evaluate director candidates.

Director Attendance

Attendance at Board and committee meetings during 2016 averaged close to 100% for the directors as a group. Except for a director who missed two meetings and had a 93% attendance record, each of our other directors attended 100%and have found that those skill categories with the highest aggregate level of director experience, namely Talent Management, Finance & Accounting, and Risk Management & Controls, align with the meetings ofareas most critical to Board oversight at Omnicom. The chart below outlines the Boardskill and the committees of the Board on which he or she served during 2016. We encourage our directors to attend our annual meetings of shareholders, and all of our directors attended the 2016 Annual Meeting of Shareholders.

Director Retirement Policy

In December 2015, the Board adopted a mandatory retirement age policy for directors. The policy provides that, effective December 31, 2017, no director shall be nominated for election or re-election to the Board if the director has reached 75 years of age on or before December 31st of the year preceding election or re-election. The Board, upon the recommendationof the Governance Committee, may waive this limitation for any director if the Board determines that it is in the best interests of the Company and its shareholders to extend the director’s service. In the event of a waiver, the Board will provide shareholders with rationale for its decision.

Compensation Committee Interlocks and Insider Participation

The following directors served as members of our Compensation Committee during all or a portion of 2016: Susan S. Denison, Alan R. Batkin, Mary C. Choksi, Leonard S. Coleman, Jr., Michael A. Henning, Linda Johnson Rice and Gary L. Roubos. None of the Compensation Committee members serving during 2016 is a current or former employee or officer of Omnicom or its subsidiaries. None of the Compensation Committee membersserving during 2016 has ever had any relationship requiring disclosure by Omnicom under Item 404 of Regulation S-K. During 2016, none of our executive officers served as a member of the board of directors or compensation committee (or other committee performing equivalent functions) of any other company that had an executive officer serving as a member ofexperience categories our Board or its Compensation Committee.

Qualifications of the Members of the Board of Directors

In accordance with the process for the selection and nomination of directors described above, the Governance Committee reviews the composition of the Board at least annually and recommends to the full Board nominees for election. As part of its evaluation, the Governance Committee considers the slate of directors as a wholeperiodically evaluates, as well as the specific skills, backgrounds,experiences and qualificationsimportance of each nominee. Thecategory to overall Board believes that a combination of skill-sets and experiences in a variety of industries provides the Board with the necessary range and depth of knowledge to most effectively oversee a company as large and complex as Omnicom.

Diversity and Inclusion

Omnicom believes that workplace diversity creates value for the Company, enhances the quality of work we create for clients and fosters a positive corporate culture. We know that a workforce reflecting the demographics of our society is better poised to create effective campaigns for our clients that resonate with a diverse population. With our global presence, we believe it is important that our workforce reflects our global community. This commitment to diversity starts within the boardroom. Our Board includes five women and three African Americans, including Leonard S. Coleman, Jr., our Lead Independent Director. Across the Company, we are committed to recruiting and retainingthe best talent from diverse backgrounds, experiences and perspectives and have implemented key programs and initiatives to ensure we deliver on this commitment. These efforts include:effectiveness.

Risk
Management &
Controls

Internal focusRobust risk management is a foundational component of strong Board oversight, and accountability –Omnicom createdwe believe that the role of Senior Vice PresidentBoard must include directors who possess a sophisticated ability to understand, measure and Chief Diversity Officer at our corporate office in 2009, reporting directly to the CEO, and this role has since been expanded throughout our Company. Our individual networks now employ their own Directors of Diversity or Chief Diversity Officers, and throughout Omnicom and its networks, 11 professionals are dedicated full-time to overseeing and advancing diversity and inclusion efforts at every level of our organization.


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Omnicom People Employee Network (OPEN) –led by six senior-level Chief Diversity Champions, meets quarterly to share best practices and develop tools to efficiently and effectively incorporate diversity and inclusion initiatives at Omnicom offices.mitigate risk.

Finance &
Accounting

OPEN Pride –a sub-groupFinancial and accounting expertise is essential to ensuring the integrity of OPEN, specifically strivesour internal controls, critically evaluating our performance, and providing insight and counsel with respect to identifyour financial reporting, capital structure and develop LGBT talent and promote awareness, acceptance and advocacy by creating opportunities for leadership, visibility, community involvement, networking and business throughout our networks.approach to capital allocation.

ADCOLOR –Talent
Management
Omnicom supports this networkOur ability to attract and retain the most talented professionals is fundamental to the success of outstanding diverse professionalsa professional services business such as ours, and champions ofthe Board’s oversight function is particularly critical with respect to succession planning for our senior leadership team, and ensuring that we continue to prioritize diversity and inclusion. At
Strategic
Planning

Our Board’s ability to effectively review and assess the annual ADCOLOR Conferencelong-term strategic priorities developed by management, as well as management’s execution against those priorities, is fundamental to our capacity to grow, innovate and Awards, diverse professionals at all levels within thecreate shareholder value.

Industry
Experience

Directors with experience relevant to our industry are honored for their personal contributionswell-suited to help guide the Company in key areas of our business such as advertising, customer relationship management, media buying, public relations and effortshealthcare, and to open doors for other high-potential, diverse professionals.assess growth opportunities, whether organic or through acquisitions.

CEO
Experience

Omniwomen –isWe believe that experience serving as a global initiative, launched in April 2014, intendedCEO enables directors to contribute deep insight into business strategy and operations, positioning the Board to serve as a catalyst to increase the influencevaluable thought leader and number of women leaders across the Omnicom networks. Leading this initiative are the most senior women executives across Omnicom and its agencies.challenge key assumptions while overseeing management.

Supplier diversity –In connection with the Omnicom Supplier Diversity Initiative, we created the Omnicom Supplier Diversity Database in order to expand access to diverse suppliers across our global network of agencies. The database is a resource that spurs collaboration with clients and suppliers and currently includes more than 1,300 minority- and women-owned vendors. By successfully utilizing these mutually beneficial business relationships, we help meet the diversity goals that we have set for Omnicom as well as those of our clients.

We have been publicly recognized for our commitment to inclusion and diversity initiatives. Most recently, in 2016 Omnicom was designated as one of the “Best Places to Work forLGBT Equality” by the Human Rights Campaign Foundation and received a score of 100 percent on the foundation’s Corporate Equality Index survey. Our Senior Vice President and Chief Diversity Officer was recognized as the 2015 Global Diversity Champion by the European Diversity Awards. Our Chief Executive Officer, John Wren, was honored as a pioneer and supporter of diversity by the American Advertising Federation at their 2013 Diversity Achievement and Mosaic Awards, and Omnicom Group was recognized as a Diversity Pioneer at the 2012 Diversity Achievement and Mosaic Awards.

Omnicom shares the following key diversity statistics on its website:

19% of U.S. “Officials and Managers” are multicultural, an increase of 30% from five years ago with improvement among each of the Equal Employment Opportunity Commission’s Hispanic/Latino, Black/African American and Asian designations.

The U.S. “Professional” talent base is 28% multicultural, an increase of 23% from five years ago with improvement among each of the Equal Employment Opportunity Commission’s Hispanic/Latino, Black/African American and Asian designations.

Women make up 55% of U.S. “Officials and Managers,” an increase of 7% from five years ago.

Of the approximately 23,000 U.S. employees who are “Professionals” and “Officials and Managers,” 25% are multicultural, 55% are women, and only 35% are white men.

Of the 13 members of Omnicom’s Board of Directors, five are women and three are African American.

We believe that these statistics clearly reflect the value Omnicom places on workplace diversity and the strength of its efforts to promote professional opportunities for women and minorities.

Risk Oversight

Our Board oversees an enterprise-wide approach to risk management, designed to support the achievement of organizational objectives, including strategic objectives, to improve long-term organizational performance and enhance shareholder value. The principal oversight function of the Board and its committees includes understanding the material risks the Company confronts and methods to mitigate or manage those risks. Management is responsible for establishing our business strategy, identifying and assessing the related risks and establishing appropriate risk management practices. Our Board reviews our business strategy and management’s assessment of the related risk, and discusses with management the appropriate level of risk for the Company.

Our Board administers its risk oversight function with respect to our operating risk as a whole, and the Board and its committees meet with management at least quarterly to receive updates with respect to our business operations and strategies, financial results and the monitoring of related risks. The Board also delegates oversight to the Audit, Governance, Compensation and Finance Committees to oversee selected elements of risk:

Our Audit Committee oversees financial risk exposures, including monitoring the integrity of the financial statements, internal control over financial reporting, and the independence of the independent auditors of the Company. The Audit Committee inquires of management and the independent auditors about significant risks or exposures and assesses management’s actions in light of any such risks, and also discusses guidelines and policies governing the process by which management of the Company assesses and manages the Company’s exposure to risk. The Audit Committee receives an assessment report from the Company’s internal auditors on at least an annual basis and more frequently as appropriate. The Audit Committee also assists the Board in fulfilling its oversight responsibility with respect to compliance with legal and regulatory matters related to the Company’s financial statements and meets quarterly with our financial management, independent auditors and legal advisors for updates on risks related to our financial reporting function.

Our Governance Committee oversees governance-related risk by working with management to establish Corporate Governance Guidelines and policies applicable to the Company and our management, including recommendations regarding director nominees, the determination of director independence, Board leadership structure and membership on Board committees. The Company’s Governance Committee also oversees risk by working with management to adopt codes of conduct and business ethics designed to encourage the highest standards of business ethics.

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Corporate Governance

Our Compensation Committee oversees compensation-related risk by working with management in the creation of compensation structures that create incentives to encourage a level of risk-taking behavior consistent with the Company’s business strategy.

Our Finance Committee oversees financial, credit and liquidity risk by overseeing our Treasury function to evaluate elements of financial and credit risk and advise on our financial strategy, capital structure, capital allocation and long-term liquidity needs, and the implementation of risk mitigating strategies.

The Company’s management is responsible for day-to-day risk management. The CEO, CFO and General Counsel periodically report on the Company’s risk management policies and practices to relevant Board committees and to the full Board. Our Treasury, Legal, Controller and Internal Audit functions work with management at the agency level, serving as the primary monitoring and testing function for company-wide policies and procedures, and managing the day-to-day oversight of risk management strategy for the ongoing business of the Company. We believe the division of risk management responsibilities described above is an effective approach for addressing the risks facing the Company and that our Board leadership structure supports our approach.

Ethical Business Conduct

We have a Code of Business Conduct designed to assure that our business is carried out in an honest and ethical way. The Code of Business Conduct applies to all of our, and our majority-owned subsidiaries’, directors, officers and employees and requires that they avoid conflicts of interest, comply with all laws and other legal requirements and otherwise act with integrity. In addition, we have adopted a Code of Ethics for Senior Financial Officers regarding ethical action and integrity relating to financial matters applicable to our senior financial officers. Our Code of Business Conduct and Code of Ethics for Senior Financial Officers are available on our website at http://www.omnicomgroup.com, and are also available in print to any shareholder that requests them. We will disclose any future amendments to, or waivers from, certain provisions of these ethical policies and standards for senior financial officers, executive officers and directors on our website within the time period required by the SEC and the NYSE.

We also have procedures to receive, retain and treat complaints regarding accounting, financial reporting and disclosure, internal accounting controls or auditing matters and to allow for the confidential and anonymous submission by employees of concerns regarding questionable accounting or auditing matters, as well as possible violations of our Code of Business Conduct or Code of Ethics for Senior Financial Officers. The procedures are posted on our website at http://www.omnicomgroup.com and the websites of our various global networks.

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Item 1 — ElectionLegal /
Regulatory

Our Board must be able to effectively evaluate Omnicom‘s legal risks and obligations, as well as the complex, multinational regulatory environments in which our businesses operate, to help protect Omnicom’s reputational integrity and promote long-term success.


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ITEM 1 — ELECTION OF DIRECTORS

International
Business
Because of DirectorsOmnicom’s global scale, it is key for our directors to bring experience in international markets and business operations, so that our Board is well-positioned to oversee global strategies and evaluate opportunities for growth outside of the U.S.
Technology

Technological experience enables our directors to provide important insight regarding cybersecurity, data privacy and other matters related to our information security and technology systems as we navigate a time of rapid technological advancement industry-wide.

Public
Company Board
Experience

Through their experience serving on the boards of other large publicly traded companies, directors bring a valuable understanding of board functions and effective independent oversight.

In addition to possessing the skills discussed above, each of our directors must also demonstrate sound judgment, integrity of thought, ethical behavior, critical insight into Omnicom’s businesses, the ability to ask challenging questions of management, and a healthy respect for their fellow Board members.

2020 DIRECTOR NOMINEES: 9 TOTAL

Independence: eight of our director
nominees are independent

Diversity: six of our director nominees are
female and four are African American

   
89%                                                                   89%                                                             
Director IndependenceWomen & Multicultural Directors

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ITEM 1 — ELECTION OF DIRECTORS

2020 DIRECTOR NOMINEES

Of the current 1311 members of the Board, 12nine have been nominated to continue to serve as directors for another year, while one will not stand for re-election in connection with our board refreshment initiative.year. All 12of the director nominees have been recommended for election to the Board by our Governance Committee and approved and nominated for election by the Board. We periodically engage a third-party search firm to assist with the evaluation of director candidates.

The Board has no reason to believe that any of the nominees would be unable or unwilling to serve if elected. If a nominee becomes unable or unwilling to accept nomination or election, the Board may, prior to the meeting, select a substitute nominee or undertake to locate another director after the meeting. If you have submitted a proxy and a substitute nominee is selected, your shares will be voted for the substitute nominee.

In accordance with our By-laws, directors are elected by a majority of the votes cast. That means the nominees will be elected if the number of votes cast “for” a director’s election exceeds the number of votes cast “against” such nominee. For this purpose, broker non-votes will not count as a vote cast and will have no effect on the elections of directors. Our form of proxy permits you to abstain from voting “for” or “against” a particular nominee. However, shares represented by proxies so designated will count as being present for purposes of determining a quorum but will not count as a vote cast and will have no effect on the election of directors. Such proxies may also be voted on other matters, if any, that may be properly presented at the meeting.

If an incumbent nominee is not reelected, New York law provides that the director would continue to serve on the Board as a “holdover director.” Under our By-laws and a policy adopted by the Board, such a director is required to promptly tender his or her resignation to the Board. The Governance Committee of the Board then must consider whether to accept the director’s resignation and make a recommendation to the Board. The Board will then consider the resignation, and within 90 days after the date of certification of the election results, publicly disclose its decision and the reasons for its decision. A director whose resignation is under consideration may not participate in any deliberation regarding his or her resignation unless none of the directors received a majority of the votes cast. If the Board accepts a director’s resignation, the Board will then elect a replacement in accordance with the By-laws.

A balanced mix of fresh perspectives and institutional knowledge enables strong Board oversight of management. The chart below illustrates tenure of the 2017 director nominees and the projected tenure of our directors at the time of our 2018 Annual Meeting. The chart also provides board refreshment highlights that summarize key steps towards meaningful board refreshment.

Director Tenure & Refreshment: Significant Refreshment Underway

CURRENT TENURE OF 2017 DIRECTOR NOMINEES
In response to shareholder feedback on lengthy average Board tenure, the Board implemented a thoughtful refreshment plan involving a mandatory retirement age policy that allows for a smooth transition

2 directors retired in 2016 and an additional director will not stand for re-election at our 2017 Annual Meeting

2 independent directors joined the Board in 2016

39%Projected Reduction in Average Director Tenure(2015-2018 Annual Meeting)

PROJECTED TENURE AT 2018 ANNUAL MEETING

The Board currently plans to add 2 additional independent directors by the 2018 Annual MeetingUNANIMOUSLY recommends that shareholders vote
FORall nominees.

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Item 1 — Election of Directors

John D. Wren
Age

Age67 64

Director since
1993

  

PROFESSIONAL EXPERIENCE:
Mr. Wren is PresidentChairman and Chief Executive Officer of Omnicom, a position he has held since January 1997.May 2018. He was elected President in 1996 and named Chief Executive Officer in 1997.1997 and elected Chairman in 2018. Mr. Wren also served as President of Omnicom for twenty-two years, having been appointed to this role in 1996. Under his direction, Omnicom has become a premier global provider of marketing communications services and has achieved status as a world-class company with one of the largest advertising, marketingbest corporate and corporate communications companiesdivisional management leadership teams in the world.our industry. Mr. Wren entered the advertising business in 1984, joining Needham Harper Worldwide as an executive vice president. Aswas part of the team that created Omnicom in 1986, heand was appointed Chief Executive Officer of Omnicom’s DAS Group of Companies division in 1990.

KEY SKILLS AND QUALIFICATIONS:
Through the positions Mr. Wrenhe has held at Omnicom and its networks, including that of President and Chief Executive Officer of Omnicom since January 1997, Mr. Wren possesses an in-depth understandinga combination of broad strategic vision and extensive industry knowledge that is fundamental to the Company’s complex globalBoard’s oversight role and uniquely positions him to serve as Chairman. Mr. Wren’s comprehension of Omnicom, its businesses, its clients and its people is invaluable to the Board’s mix of skills and enables him to provide critical insights to the Board. Over the past several years, Mr. Wren has designed and implemented a significant organizational realignment of Omnicom’s businesses and strategy.management, and his leadership in the boardroom greatly enhances the Board’s ability to oversee the development of strategy and guide Omnicom’s future success in an industry that is experiencing rapid change, disruption and market-wide technological advancements. As the former Chief Executive Officer of Omnicom’s DAS Group of Companies division, Mr. Wren has tremendous advertising, marketing and corporate communications experience. Under his leadership, the DAS Group of Companies grew to become Omnicom’s largest operating group, comprised of companies in a wide array of communication disciplines ranging from public relations to branding. Together with his strategic vision, Mr. Wren’s vast knowledgedeep understanding of Omnicom, its businesses, its clients and its people enables him to provide important insights to the Board. In fact, Mr. Wren’sour industry gained through his extensive andexperience, long-term relationships he has developed with key clients, coupled withand his relationships with key management around the world that he has developed over many years, serve ascontribute to robust Board discussion on a critical componentvariety of the Board’s overall skill-set.topics central to Omnicom’s success, including identifying competitive advantages, retaining top talent and navigating relationships with our most important clients. Mr. Wren is also a member of the International Business Council of the World Economic Forum, and as such, he has direct exposure to the dynamic issues facing a myriad of international companies. This exposure is a valuable asset to the CompanyOmnicom and enhances the Board’s ability to judiciously oversee management of Omnicom’s own complex global businesses.


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ItemITEM 1 — Election of DirectorsELECTION OF DIRECTORS

Bruce Crawford

AgeMary C. Choksi
88Age

69

Director since
1989
Chairman
2011
Chair of the Board,
Chairman of the
FinanceAudit Committee and Member of the ExecutiveCompensation Committee

PROFESSIONAL EXPERIENCE:
Mr. Crawford is Chairman of the Board of Omnicom, a position he has held since 1995.
From 19891987 to 1995, he served as Omnicom’s President and Chief Executive Officer and, from 1995 to 1997, he served as Omnicom’s Chairman and Chief Executive Officer. Mr. Crawford began his career in advertising in 1956 and, in 1963, he joined BBDO. He held a variety of high-level positions at BBDO, including that of President and Chief Executive Officer, a position he held from 1977 until 1985. Mr. Crawford is an Honorary Director of The Metropolitan Opera and Chairman Emeritus of Lincoln Center. He is also a Director of The Animal Medical Center.

KEY SKILLS AND QUALIFICATIONS:
Mr. Crawford brings to the Board an unmatched degree of experience in the advertising, marketing and corporate communications industries. His involvement in the industry began in 1956, and since then he has held a diverse array of positions, such as Omnicom’s Chairman of the Board, President, and Chief Executive Officer. As President and Chief Executive Officer of BBDO, Mr. Crawford built the agency into a global company. These positions have earned Mr. Crawford an extremely keen understanding and a vast scope of knowledge of Omnicom’s business operations and strategy. Mr. Crawford’s experiences and qualifications also include his active involvement on a number of non-profit boards.

16    Proxy Statement 2017, Annual Meeting of Shareholders



Table of Contents

Item 1 — Election of Directors

Alan R. Batkin
 

Age 72

Director since
2008
Member of the Compensation and Finance Committees

PROFESSIONAL EXPERIENCE:
Mr. Batkin is the Chairman and Chief Executive Officer of Converse Associates, Inc., a strategic advisory firm, a position he held since January 2013. From 2007 to December 2012, he was the Vice Chairman of Eton Park Capital Management, L.P., a multi-disciplinary investment firm. From 1990 to 2007, he was Vice Chairman of Kissinger Associates, Inc., a geopolitical consulting firm that advises multi-national companies.

OTHER PUBLIC COMPANY BOARDS:
Mr. Batkin is a director and member of the Audit and Nominating and Governance Committees of Hasbro, Inc. (listed on Nasdaq), a toy and game company, a director, member of the Audit Committee, Chairman of the Compensation Committees and Presiding Director of Cantel Medical Corp. (listed on NYSE), a provider of infection prevention and control products in the healthcare market, and a director, Chairman of the Board and member of the Audit, Conflicts, Nominating, Governance and Compensation Committees of Pattern Energy Group, Inc. (listed on Nasdaq), an independent power company. Mr. Batkin also served as a director of Overseas Shipholding Group, Inc. during the last five years.

KEY SKILLS AND QUALIFICATIONS:
The selection of Mr. Batkin as a director nominee was partly grounded in the fact that his 16 years of experience as the Vice Chairman of a geopolitical consulting firm advising multinational companies brings to the Board a genuine comprehension and knowledge of the strategy and management of a dynamic and global business. Mr. Batkin understands the complex relationships crucial to successfully running international businesses, as well as the sophisticated strategies involved in expanding international business operations and avoiding risk in foreign countries. Growing Omnicom’s non-U.S. operations is critical to our long-term business strategy and Mr. Batkin’s expertise in this regard is a critical component of the Board’s mix of skill sets. Mr. Batkin’s service as a director of a company in the healthcare market lends valuable insight into Omnicom’s healthcare businesses. Having worked for more than 22 years in senior investment banking and accounting positions, Mr. Batkin also has high-level financial experience and can provide the Board with valuable input relating to matters of corporate finance and asset management. This experience is additive not only to his role as a director, but also to his service as a member of our Finance Committee. In addition, Mr. Batkin has extensive experience serving on the boards and audit committees of several public companies in a variety of industries.

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Table of Contents

Item 1 — Election of Directors

Mary C. Choksi
 

Age 65

Director since
2011
Member of the Audit and Compensation Committees

PROFESSIONAL EXPERIENCE:
Ms. Choksi was a founding partner and Senior AdvisorManager of Strategic Investment Group, (Strategic), an investment management enterprise founded in 1987 which designs and implements global investment strategies for large institutional and individual investors. She served as a Senior Managing Director/Senior Adviser of Strategic until February 2017. In addition, Ms. Choksi is a trustee of a number of funds in the Franklin Templeton Funds family. Ms. Choksi was also a founder and, until May 2011, a Managing Director of Emerging Markets Management LLC, which manages portfolios of emerging market equity securities, primarily for institutional investors. Prior to 1987, Ms. Choksi worked in the Pension Investment Division of the World Bank.

OTHER PUBLIC COMPANY BOARDS:
Ms. Choksi is a director and member of the Audit and Governance CommitteesCompensation Committee of Avis Budget Group, (listed on Nasdaq), a leading rental car supplier.

supplier, and a director and Chair of the Finance Committee of White Mountains Insurance Group, Ltd., a company whose principal businesses are conducted through its insurance subsidiaries and other affiliates.


KEY SKILLS AND QUALIFICATIONS:
With her extensive investment management experience, Ms. Choksi brings to the Board a sophisticated comprehension of the financial matters inherent to running a global business enterprise. It is central to Omnicom’s growth and successful financial performance that the Board of Directors’ knowledge base includes Ms. Choksi’s understanding of the utilization of assets to generate growth. Ms. Choksi was a founding partner and Senior Managing Director of the investment management enterprise Strategic Investment Group and a founder, and, until May 2011, a Managing Director of Emerging Markets Management, which manages portfolios of emerging markets securities, primarily for institutional investors. As such, Ms. Choksi has the highest level of experience managing assets, evaluating investment risk, developing investment strategies and determining the optimal use of corporate assets. In addition, Ms. Choksi’s career includes 10 years of experience at the World Bank, primarily working in the Bank’s development arm focusing on projects in South and Southeast Asia. Through this role, Ms. Choksi acquired a keen appreciation of the many challenges facing a multinational institution as it navigates foreign markets and hones its global investment strategies while avoiding risk.strategies. Ms. Choksi also has considerable experience as a member of the board and audit committees of other public companies. Collectively, this experience and learning significantly enhances the function of Omnicom’s Audit Committee on which Ms. Choksi serves as Chair. In addition, Ms. Choksi’s breadth of experience is an extremely valuable component of the overall mix of skills necessary for the Board to effectively oversee the development of Omnicom’s diversified global businesses. In addition, Ms. Choksi’s breadth of experience significantly benefits Omnicom’s Audit and Compensation Committees on which she serves. Ms. Choksi also has considerable experience as a member of the board and audit committees of other public companies.

18    Proxy Statement 2017 Annual Meeting of Shareholders


142020Proxy Statement



Table of Contents

ItemITEM 1 — Election of DirectorsELECTION OF DIRECTORS

Robert Charles Clark
 

AgeLeonard S.
Coleman, Jr.
73Age

71

Director since
1993
Lead Independent Director2002
,
Vice Chairman
Chair of the Governance Committee and Member of the AuditCompensation Committee

PROFESSIONAL EXPERIENCE:
Mr. Clark is a Harvard University Distinguished Service Professor, Harvard Law School, a position he has held since 2003. His research and teaching interests are centered on corporate governance. Previously, he was Dean and Royall Professor of Law at Harvard Law School from July 1989 through June 2003. He has served as a professor of law at Harvard Law School since 1978, and before that, was a tenured professor at Yale Law School. His concentration was corporate law. In addition, Mr. Clark was an associate at Ropes & Gray from 1972 to 1974. For 28 years, until July 2016, Mr. Clark served as a trustee of Teachers Insurance and Annuity Association (TIAA), the giant pension fund serving the higher education community, and for much of that time he chaired the TIAA Nominating and Governance Committee.

OTHER PUBLIC COMPANY BOARDS:
Mr. Clark is the lead independent director, a member of the Audit Committee and Chairman of the Nominating and Governance Committee of Time Warner Inc. (listed on NYSE), a media and entertainment company.

KEY SKILLS AND QUALIFICATIONS:
As one of the foremost authorities on corporate governance matters in the world, Mr. Clark provides the Board with the highest level of corporate governance expertise and a substantial knowledge of corporate law. Mr. Clark possesses an acute appreciation for the intricacies of corporate law and a tremendous knowledge of corporate governance best practices. Mr. Clark’s corporate governance and compliance expertise is particularly beneficial to his service as a member of Omnicom’s Governance and Audit Committees. In addition, Mr. Clark has valuable accounting experience through the position he has held as dean of a leading law school responsible for all aspects of its management, including financial. Mr. Clark also has extensive public and private company board experience and serves as a member of the Audit Committee and Chairman of the Nominating and Governance Committee of Time Warner. He previously served as Chair of the Nominating and Governance Committee and a member of the Human Resources, Corporate Governance and Social Responsibility, and Executive Committees of TIAA. Through his service on the boards of both corporate institutions such as Time Warner and financial institutions such as TIAA, as well as the boards of other large public companies, Mr. Clark possesses an in-depth knowledge of the financial management and business operations and strategies of a global enterprise.

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Table of Contents

Item 1 — Election of Directors

Leonard S. Coleman, Jr.
 

Age 68

Director since
1993
Lead Independent Director, Chairman of the Executive Committee and Member of the Compensation and Governance Committees

PROFESSIONAL EXPERIENCE:
Mr. Coleman was Senior Advisor, Major League Baseball, from 1999 through 2005. Previously, he was Chairman of Arena Co., a subsidiary of Yankees/Nets, until September 2002. Before that, he was President of The National League Major Leagueof Professional Baseball Clubs from 1994 to 1999, having previously served since 1992 as Executive Director, Market Development of Major League Baseball. Additionally, Mr. Coleman was previously a municipal finance banker for Kidder, Peabody & Company. Prior to joining Kidder, Mr. Coleman served as Commissioner of both the New Jersey Department of Community Affairs and Department of Energy, and Chairman of the Hackensack Meadowlands Development Commission and the New Jersey Housing and Mortgage Finance Agency. Mr. Coleman was also the Vice Chairman of the State Commission on Ethical Standards and a member of the Economic Development Authority, Urban Enterprise Zone Authority, Urban Development Authority, State Planning Commission and New Jersey Public Television Commission. He has also served as President of the Greater Newark Urban Coalition and worked in a management consulting capacity throughout Africa.

OTHER PUBLIC COMPANY BOARDS:
Mr. Coleman is a director Chairman of the Corporate Governance Committee and member of the Compensation CommitteeExecutive and Corporate Governance Committees of Avis Budget Group, (listed on Nasdaq), a leading rental car supplier. Mr. Coleman also serves as a director and member of the Compensation and Nominating and Governance Committees of Electronic Arts Inc. (listed on Nasdaq), a company that develops, markets, publishes and distributes video games, and as a director and member of the Corporate Governance and Nominating and Environmental Health and Safety Committees of Hess Corporation, (listed on NYSE), an energy company engaged in the exploration and production of crude oil and natural gas. Mr. Coleman also served as a director of Aramark Corporation Churchill Downs Inc. and H.J. Heinz Corporation during the last five years.

KEY SKILLS AND QUALIFICATIONS:

Omnicom and its
Mr. Coleman brings a diverse array of senior-level business experience to Omnicom’s Board of Directors, benefit fromenhancing the diverse businesseffectiveness of its independent oversight of management. The experience thatacquired throughout Mr. Coleman has acquired over hisColeman’s career including duringincludes more than a decade of senior management experience in Major League Baseball, including as President of the National League. Mr. Coleman’s qualifications also include service on the boards of several large public companies, providing him with a sophisticated understanding of the operational and financial aspects of businesses, both domestic and international. Mr. Coleman possesses tremendous governance experience gained significant financial experience through various leadership roles he has held on these public company boards, a background which is valuable to his yearsLead Independent Director role and service as Chair of working as a municipal finance banker at Kidder Peabody.the Governance Committee, and enhances Omnicom’s shareholder engagement efforts in which Mr. Coleman directly participates each year. Further, he has extensive government and finance experience having served as Commissioner of the New Jersey Department of Community Affairs where his responsibilities included overseeing all local and county budgets. As Commissioner of New Jersey’s Department of Energy, he developed energy policy for the state. In addition, Mr. Coleman was Chairman of the Hackensack Meadowlands Development Commission developing zoning regulations for the area. Collectively, these roles have imbued Mr. Coleman with a keen sense of managing risks, which is an important skill for service as a director. Mr. Coleman also lived overseas for several years serving as a management consultant. The breadth of Mr. Coleman’s experiences and qualifications also include active involvement onleadership experience, coupled with the boardsextent of a number of largehis public companies, providingcompany board service, provides him with a deep understanding of the operationalknowledge, skills and financial aspects of businesses, both domestic and international.

judgement that make him an extremely effective Lead Independent Director for Omnicom’s Board.

20    Proxy Statement 2017 Annual Meeting of Shareholders


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Table of Contents

ItemITEM 1 — Election of DirectorsELECTION OF DIRECTORS

Susan S. Denison
Age

Age74 71

Director since
1997
Chair of the Compensation Committee and Member of the Governance Committee

PROFESSIONAL EXPERIENCE:
Ms. Denison is a former partner of Cook Associates, a retained executive search firm, a position she held from June 2001 to April 2015. Ms. Denison has more than twenty years of senior executive experience within the media, entertainment and consumer products industries. She formerly served as a Partner at TASA Worldwide/Johnson, Smith & Knisely and the Cheyenne Group. She has also served as Executive Vice President, Entertainment and Marketing for Madison Square Garden, Executive Vice President and General Manager at Showtime Networks’ Direct-To-Home Division, Vice President, Marketing for Showtime Networks and Senior Vice President, Revlon. In addition, Ms. Denison previously held marketing positions at Charles of the Ritz, Clairol and Richardson-Vicks.

KEY SKILLS AND QUALIFICATIONS:

With her many years of experience in media and marketing, including multiple senior management roles for companies as varied as Richardson-Vicks, Clairol, Showtime Networks, Revlon and Madison Square Garden, Ms. Denison provides Omnicom and its Board with a deep understanding of consumer behavior and a strategic vision of the business operations of Omnicom’s agencies. As former Partner of an executive search firm and an executive within the media, entertainment and consumer products industries, Ms. Denison brings to the Board an intimate familiarity with executive compensation practices, as well as an extensive knowledge of complex media strategies, the oversight of management, and consumer market insights. Ms. Denison’s leadership experience as a Partner at Cook Associates where she was involved in executive recruiting of the most senior executives, generally at the “C Suite” level, provides her with unparalleled knowledge of the compensation policies and practices of large public companies. This knowledge is an extremely valuable contribution to her role as Chair of Omnicom’s Compensation Committee and better enables the Board to perform its function of overseeing management retention and succession. Ms. Denison also brings an international perspective to the Board through her prior service on the Board and Compensation Committee of a company listed on the Tel-Aviv Stock Exchange.

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Table of Contents

Item 1 — Election of Directors

Deborah J. Kissire

AgeRonnie S. Hawkins
59Age

51

Director since
2018
Member of the Governance and Finance Committees
PROFESSIONAL EXPERIENCE:
Mr. Hawkins is a Managing Director of Global Infrastructure Partners, a position he has held since April 2018. Global Infrastructure Partners is an infrastructure focused private equity firm with over $72 billion of assets under management. In this role, Mr. Hawkins focuses on international investments primarily in the energy sector. Until April 2018, Mr. Hawkins was a Managing Director, Head of International Investments and member of the Investment Committee of EIG Global Energy Partners, which he joined in 2014. From 2009 to 2013, Mr. Hawkins was an Executive Vice President of General Electric where he led GE Energy’s Global Business Development activities and served as Chair of the GE Energy Investment Committee. Prior to that, Mr. Hawkins spent 19 years as a senior member of the energy investment banking departments at Citigroup and Credit Suisse, completing corporate advisory assignments in over 50 countries, including mergers, acquisitions, divestitures and restructurings. Mr. Hawkins has also led numerous corporate financings for large companies including equity, debt and structured financings.
KEY SKILLS AND QUALIFICATIONS:
Mr. Hawkins has extensive strategic planning and corporate advisory experience developed over many years of identifying and managing energy investments for EIG Global Energy Partners and, more recently, for Global Infrastructure Partners. With a focus on investments outside of the U.S., Mr. Hawkins possesses an in-depth understanding of the complex regulations governing international business operations and contributes the highest level of international experience to the Board’s mix of skill sets. Mr. Hawkins also served as a senior executive at General Electric for several years where he managed acquisitions, divestitures and joint ventures while leading GE Energy’s Global Business Development activities. Having structured and overseen a great number of business transactions encompassing varied and complex business strategies, Mr. Hawkins has honed an acute understanding of strategic planning, business operations and the role of management. This background and knowledge serves as a key component of the Board’s effective oversight of Omnicom and its management. Having held several senior positions at Citigroup and Credit Suisse leading corporate financings and advising public companies on large transactions, Mr. Hawkins brings valuable investment banking expertise to the Board and the Finance Committee on which he serves. Through his considerable experience advising corporate clients, Mr. Hawkins has developed an expert knowledge of corporate compliance best practices which is additive to his service on the Governance Committee and strengthens its oversight of related risks. The experience gained through advising clients on mergers, acquisitions and other strategic corporate transactions provides Mr. Hawkins with a sophisticated ability to evaluate businesses and discern opportunities for growth that greatly enhances the collective skills of the Board and is particularly valuable to his role as a member of the Finance Committee.

162020Proxy Statement


Table of Contents

ITEM 1 — ELECTION OF DIRECTORS

Deborah J. Kissire
Age62
Director since
2016
Member of the Audit Committee

and Finance Committees

PROFESSIONAL EXPERIENCE:
Ms. Kissire held multiple senior leadership positions at EY during her career from 1979 to 2015, serving most recently as Vice Chair and Regional Managing Partner, member of the Americas Executive Board and member of the Global Practice Group. Other positions held include the U.S. Vice Chair of Sales and Business Development and National Director of Retail and Consumer Products Tax Services. Throughout her career at EY, Ms. Kissire’s leadership skills and vision were leveraged for strategic firm initiatives and programs such as their Partner Advisory Council, Strategy Task Force, Gender Equity Task Force, Vision 2000 Sales Task Force, and global Vision 2020.

OTHER PUBLIC COMPANY BOARDS:
Ms. Kissire is a director and Chair of the Audit Committee of Cable One, Inc. (listed on NYSE), a company that provides customers with cable television, high-speed Internet and telephone services, and a director, Chair of the Nominating and Corporate Governance Committee and member of the Compensation Committee of Axalta Coating Systems Ltd. (listed on NYSE), a manufacturer of liquid and powder coatings.

KEY SKILLS AND QUALIFICATIONS:
Ms. Kissire brings several key skills to the Board’s overall mix of knowledge and experience. Throughout a career of 36 years at EY, an internationally recognized accounting firm, Ms. Kissire distinguished herself in a variety of roles. She gained extensive experience serving in senior positions at EY and developed a sophisticated ability to gauge risk in financial, accounting and tax matters. Under Ms. Kissire’s leadership, the size of EY'sEY’s Mid-Atlantic practice more than doubled. Through her experience and leadership capabilities, Ms. Kissire has proven herself to possess not only an in-depth understanding of the global financial and taxation regulations facing a business such as Omnicom, but also a keen understanding of how to effectively grow a complex business. Among her leadership roles at EY, Ms. Kissire served as an executive advisor for the firm’s offering in Cyber Economic Security, giving her a unique perspective on digital vulnerabilities and methods of preventing and mitigating cyber-attacks. Taken together, these skills comprise an important component of the Board’s aggregation of skill-sets and make Ms. Kissire an extremely effective member of the Board and Audit Committee.and Finance Committees. Further, Ms. Kissire also serves as a director on two other public company boards, andincluding serving as Chair of theboth an audit committee of one of those.

and a nominating and corporate governance committee.

22    Proxy Statement 2017 Annual Meeting of Shareholders



Table of Contents

Item 1 — Election of Directors

John R. Murphy

AgeGracia C. Martore
83Age

68

Director since
1996
2017
ChairmanChair of the AuditFinance Committee and Member of the Finance and Executive Committees

Audit Committee

PROFESSIONAL EXPERIENCE:
Mr. Murphy
Ms. Martore is athe former Trustee of National Geographic Society, a position he held from January 2012 to June 2015. From March 1998 until January 2012, Mr. Murphy was Vice Chairman of National Geographic Society and from May 1996 until March 1998, Mr. Murphy was President and Chief Executive Officer of National Geographic Society. He hasTEGNA Inc., one of the nation’s largest local media companies formerly known as Gannett Co., Inc., a position she held from October 2011 to June 2017. Ms. Martore held various leadership roles over her 32-year career at TEGNA, including as President and Chief Operating Officer from 2010 to 2011, Executive Vice President and Chief Financial Officer from 2005 to 2010 and Senior Vice President and Chief Financial Officer from 2003 to 2005. Prior to TEGNA, Ms. Martore worked for 12 years in the banking industry. Ms. Martore is also served as a member of the Board of Directors of FM Global and on the Finance and Nominating Committees of National Geographic Society. Mr. Murphy also served as the Chief Executive OfficerThe Associated Press.
OTHER PUBLIC COMPANY BOARDS:
Ms. Martore is a director, Chair of the Baltimore Sun, as well as in positions as a publisher and editor at the San Francisco Examiner and the Atlanta Constitution. Mr. Murphy previously served as a trustee, Co-Chairman of the BoardAudit Committee and member of the Audit CommitteeCompensation and Executive Committees of WestRock Company, a multinational provider of paper and packaging solutions for the consumer and corrugated packaging markets, and a director and member of the PNC Mutual FundsCompensation and Co-ChairmanNominating and Corporate Governance Committees of United Rentals, Inc., the Board of the PNC Alternative Fund.world’s largest equipment rental company. In addition, Mr. Murphy isMs. Martore served as a trusteedirector of Mercer University and was a past president ofTEGNA Inc. during the U.S. Golf Association.

last five years.

KEY SKILLS AND QUALIFICATIONS:
Mr. Murphy has
Having served as President and Chief Executive Officer of TEGNA Inc., formerly Gannett Co., one of the nation’s largest local media companies, Ms. Martore brings strong leadership skills, broad strategic vision, financial expertise and proven business acumen to the Board. Ms. Martore’s successful navigation of TEGNA’s strategy through a period of significant technological disruption within its industry strengthens the collective oversight function of Omnicom’s Board as it assesses risk and evaluates strategies regarding technological advances implemented by our agencies. Under her leadership, TEGNA doubled its broadcast portfolio and acquired full ownership of Cars.com. Ms. Martore’s experience in the newspaper publishing industry in which he has served in the roles of president, publisher and editor. In such varied roles, his supervisory purview has included the advertising and circulation departments, allowing him to bringrunning TEGNA adds to the Board the highest level of industry experience and a keen knowledgeunderstanding of the media buying perspective, which is a crucial component of Omnicom’s businesses. Ms. Martore also led the separation of TEGNA into two separate publicly traded companies. The strategic vision evidenced by Ms. Martore’s successes in transforming TEGNA and generating value for shareholders is a critical skill for the Board’s overall mix of skill sets. Prior to serving as President and Chief Executive Officer, Ms. Martore served in a variety of leadership roles at TEGNA, including Treasurer, Executive Vice President, Chief Operating Officer and Chief Financial Officer. Ms. Martore’s experience in these varied roles brings invaluable financial, accounting, and risk management skills to the Board that is directly leveraged through her service as Chair of the Finance Committee and a member of the Audit Committee. In addition, Mr. Murphy’s service as Vice ChairmanMs. Martore’s extensive business and financial expertise enhance the Board’s overall ability to guide business development strategy and oversee management of National Geographic Society for over 13 years provides him with valuable business, leadership and management experience and allows him to provide the Board with insight into strategic business developmentfinancial and operational matters. Mr. MurphyMs. Martore also has considerable financial knowledge and expertise based in part on his mutual fund and hedge fundbrings to the Board her experience as the Co-Chairman of PNC Funds. Through his serviceserving on the boardsboard, audit committee, compensation committee and nominating and corporate governance committee of other companies in a wide variety of industries and, in particular, through his long tenure as the chairman of the audit committees of three public companies, including Omnicom, Mr. Murphy has an impressive amount of board and audit committee experience which is a significant asset to Omnicom’s Board and greatly enhances his position as the Chairman of its Audit Committee.

companies.

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Table of Contents

ItemITEM 1 — Election of DirectorsELECTION OF DIRECTORS

John R. Purcell

AgeLinda
Johnson Rice
85Age

62

Director since
1986
2000
ChairmanMember of the Governance Committee and Member of the Finance and ExecutiveCompensation Committees

PROFESSIONAL EXPERIENCE:
Mr. Purcell
Ms. Rice is Chairman and Chief Executive Officer of Grenadier Associates Ltd., a private equity firm. Mr. Purcell has held this position since April 1989. Prior to that, Mr. Purcell served as Chief Executive Officer of SFN Cos. Inc., as Executive Vice President of CBS, Inc., as Senior Vice President Operations and Chief Financial Officer of Gannett Co., Inc. and as Chairman of Donnelley Marketing, Inc., a database direct marketing firm.

KEY SKILLS AND QUALIFICATIONS:
Mr. Purcell has many years of senior management experience working in the legal, tax, publishing, broadcasting and marketing industries in roles as varied as Chief Executive Officer, Chief Financial Officer and Chief Operating Officer which gives him a solid grasp of how to effectively oversee the management of a complex advertising, marketing and corporate communications company and, coupled with his distinguished career in private equity and finance, how to deploy a global corporation’s assets and optimize its capital structure. In addition, Mr. Purcell’s years of experience as a tax lawyer at Covington & Burling and as chief internal tax counsel at United Technologies have endowed him with a keen insight into legal issues and corporate compliance matters. The strength of judgment derived from this honed insight is a crucial aspect of what qualifies him to serve as the Chairman of Omnicom’s Governance Committee. Further, his extensive experience as a tax lawyer also provides him with a true understanding of the important taxation issues inherent in Omnicom’s global business operations. As a member of Omnicom’s Board of Directors since its creation in 1986, Mr. Purcell has a deep understanding of Omnicom’s history, strategies, operations, businesses and clients. This accumulated knowledge is an asset to the Board and is extremely valuable to Omnicom in the development of its complex global businesses. Mr. Purcell’s contribution to Omnicom’s Board is further enhanced by his extremely significant board experience at approximately 15 other public companies.

24    Proxy Statement 2017 Annual Meeting of Shareholders



Table of Contents

Item 1 — Election of Directors

Linda Johnson Rice

Age 59

Director since
2000
Member of the Governance and Finance Committees

PROFESSIONAL EXPERIENCE:
Ms. Johnson Rice is Chairman of Johnson Publishing Company, LLC, aformerly the parent company comprised of the historic Ebonyfor EBONY and Jet photo archivesmagazines and a cosmetics brand for women of color.Fashion Fair Cosmetics. In 2016, Ms. Johnson Rice also became Chairman Emeritus of Ebony Media Holdings, the parent company for the Ebony and Jet brands and, in 2017,2018, she was named Chairman Emeritus of Ebony Media Operations, after having served as Chief Executive Officer of Ebony Media Operations.since 2017. Ms. Johnson Rice joined Johnson Publishing Company in 1980, became Vice President in 1985, was elected President and Chief Operating Officer in 1987 becameand served as Chairman and Chief Executive Officer infrom 2008 and became Chairman in 2010.

to 2019. Johnson Publishing Company filed a voluntary petition for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code on April 9, 2019.

OTHER PUBLIC COMPANY BOARDS:
Ms. Johnson Rice is a director and member of the Nominating and Corporate Governance Committee of Grubhub Inc. (listed on NYSE), a leading online and mobile food-ordering and delivery platform. Ms. Johnson Rice also served as a director of Tesla, Inc. and Kimberly-Clark Corporation during the last five years.

KEY SKILLS AND QUALIFICATIONS:
Ms. Johnson Rice’s acutedeep understanding of advertising and brand management and substantial knowledge of consumer businesses developed during her tenure as a Vice President and later as President and Chief Operating Officer and Chief Executive Officer of Johnson Publishing Company brings to the Board valuable insight into Omnicom’s businesses and the concerns of its clients, a matter of paramount importance to Omnicom’s global business strategy. In addition,growth. Ms. JohnsonRice’s industry expertise is a key Board skill that allows her to contribute a sophisticated oversight capability with respect to the complex business strategies driving Omnicom’s success and underpinning its commitment to long-term shareholder value creation. The experience and knowledge base Ms. Rice provides Omnicom with a unique perspective into expanding the operations and building the businesses of a global corporate enterprise, in part developed through her leadership role as Chairman and Chief Executive Officer of Johnson Publishing Company. The knowledge base Ms. Johnson Rice has developed through her experienceCompany, in this role iswhich she oversaw the organization’s largest and most critical business relationships, serves as a valuable partcomponent of the Board’s overall mix of business expertise, particularly in light of the importance of growthclient relationships to Omnicom’s commitment to increasing shareholder value.continued success. Ms. Johnson Rice also has very broad experience through having served for more than 25 years on the boards, audit committees, compensation committees and nominating and governance committees of several other large public companies in a variety of industries.

The breadth of this board experience adds to the strength of Omnicom’s Board and contributes to the oversight function of its Governance and Compensation Committees on which Ms. Rice serves.

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Table of Contents

Item 1 — Election of Directors

Valerie M. Williams
Age

Age63 60

Director since
2016
Member of the Audit Committee

and
Finance Committees

PROFESSIONAL EXPERIENCE:
Ms. Williams is a former Southwest Assurance Managing partnerPartner for EY, a position she had held since 2006.from 2006 to 2016. She joined EY in 1981 and has over 35 years of audit and public accounting experience, serving numerous global and multi-location companies in various industries. Ms. Williams has held several senior leadership positions at EY and has served on severalmultiple strategic committees, including the firm’s Partner Advisory Council, Inclusiveness Council, Audit Innovation Taskforce and the Diversity Taskforce.
OTHER PUBLIC COMPANY BOARDS:

Ms. Williams is a director and member of the Audit Committee of WPX Energy, Inc., an independent oil and natural gas exploration and production company engaged in the exploitation and development of long-life unconventional properties, and a director, Chair of the Audit Committee and member of the Corporate Governance Committee of DTE Energy Co., a diversified energy company involved in the development and management of energy-related businesses and services.
KEY SKILLS AND QUALIFICATIONS:
Ms. Williams has tremendousextensive audit practice experience gained over the course of her career and through this experience has developed risk management skills that are a key component of the Board’s oversight role. The significant financial reporting expertise developed by Ms. Williams through 35 years of audit and public accounting experience serving numerous global and multi-location companies in various industries is a valuable contribution to the Board’s overall mix of skill-sets and is particularly criticaladditive to Ms. Williams’s service as a member of the Audit Committee. Ms. Williams distinguished herself in various senior roles throughout her career at EY, and successfully grew a large audit practice group through expert oversight of operations and strategy development. These achievements underscore the business expertise and leadership skills that Ms. Williams possesses and that will better enable the Board to effectively oversee the growth of Omnicom’s businesses. Ours is a global business, and through her experience representing international businesses, Ms. Williams will contribute significantly to guidingthe Board’s oversight of Omnicom’s strategic expansion overseas.multinational strategies for growth. Ms. Williams also served on several important committees at EY, including the Inclusiveness Council and the Diversity Taskforce, and brings to the Board additional knowledge of the strategies regarding diversity and inclusion.

Further, Ms. Williams has experience serving on other public company boards and audit committees.

The BoardUNANIMOUSLY recommends that shareholders voteFOR all nominees.182020Proxy Statement


Table of Contents

ITEM 1 — ELECTION OF DIRECTORS

DIRECTOR INDEPENDENCE

26    Proxy Statement 2017Our outside directors, including those not nominated for re-election, are Alan R. Batkin, Mary C. Choksi, Robert Charles Clark, Leonard S. Coleman, Jr., Susan S. Denison, Ronnie S. Hawkins, Deborah J. Kissire, Gracia C. Martore, Linda Johnson Rice and Valerie M. Williams. Our Board has determined that all of our outside directors are “independent” within the meaning of the rules of the New York Stock Exchange (“NYSE”), as well as under our Corporate Governance Guidelines. Our Corporate Governance Guidelines are posted on our website at http://www.omnicomgroup.com. In determining that each of our outside directors is independent, the Board took into consideration the answers to annual questionnaires completed by each of the directors, which covered any transactions with director-affiliated entities. The Board also considered that Omnicom and its subsidiaries occasionally and in the ordinary course of business, sell products and services to, and/or purchase products and services from, entities (including charitable foundations) with which certain directors are affiliated. The Board determined that these transactions were not material to Omnicom or the entity and that none of our directors had a material interest in the transactions with these entities. The Board therefore determined that none of these relationships impaired the independence of any outside director. John D. Wren, our Chairman and Chief Executive Officer, is not independent due to his position as an executive officer.

SHAREHOLDER NOMINATION PROCESS

Nominations for directors at our 2021 Annual Meeting of Shareholders may be made only by the Board, or by a shareholder entitled to do so pursuant to our By-laws not later than the deadlines set forth on page 77 in the section entitled “Shareholder Proposals and Director Nominations for the 2021 Annual Meeting.”

Our By-laws provide that shareholders may present director nominations directly at the annual meeting (and not for inclusion in our proxy statement) by satisfying certain advance notice requirements, and providing information as to such nominee and submitting shareholder as specified in our By-laws. Our By-laws also permit a shareholder or group of up to 20 shareholders owning 3% or more of the Company’s common stock continuously for at least three years to nominate and include in the Company’s proxy statement director candidates constituting up to 20% of the Board, but no less than two, to be considered for election by the holders of the Company’s common stock, provided that the shareholder (or group) and each nominee satisfy the requirements and provide information as to such nominee and submitting shareholder as specified in our By-laws.

You can obtain a copy of the full text of the By-law provisions noted above by writing to our Corporate Secretary at our address listed below in the section entitled “Availability of Certain Documents,” or on our website at http://www.omnicomgroup.com. Our By-laws have also been filed with the U.S. Securities and Exchange Commission (“SEC”).

The Governance Committee will consider all candidates recommended by our shareholders in accordance with the procedures included in our By-laws and this Proxy Statement. We did not receive any nominee recommendations from shareholders this year. Any future director candidate recommendations made by shareholders that are properly submitted will be considered by the Governance Committee in the same manner as those submitted by the Board or the Governance Committee itself.

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MAJORITY VOTING STANDARD FOR ELECTION OF DIRECTORS

In accordance with our By-laws, directors are elected by a majority of the votes cast. That means the nominees will be elected if the number of votes cast “for” a director’s election exceeds the number of votes cast “against” such nominee. For this purpose, broker non-votes will not count as a vote cast and will have no effect on the elections of directors. Our form of proxy permits you to abstain from voting “for” or “against” a particular nominee. However, shares represented by proxies so designated will count as being present for purposes of determining a quorum but will not count as a vote cast and will have no effect on the election of directors. Such proxies may also be voted on other matters, if any, that may be properly presented at the meeting.

If an incumbent nominee is not re-elected, New York law provides that the director would continue to serve on the Board as a “holdover director.” Under our By-laws and a policy adopted by the Board, such a director is required to promptly tender his or her resignation to the Board. The Governance Committee of the Board must then consider whether to accept the director’s resignation and make a recommendation to the Board. The Board will then consider the resignation, and within 90 days after the date of certification of the election results, publicly disclose its decision and the reasons for its decision.

A director whose resignation is under consideration may not participate in any deliberation regarding his or her resignation unless none of the directors received a majority of the votes cast. If the Board accepts a director’s resignation, the Board will then elect a replacement in accordance with the By-laws.

Board’s Role and Responsibilities

STRATEGIC OVERSIGHT

The Board oversees Omnicom’s strategy setting and review process, which is led by the Company’s management team and is focused on execution of a long-term strategy to deliver value to our shareholders. The Board reviews and assesses the strategic priorities developed and implemented by management under the direction of Omnicom’s Chairman and CEO, John Wren. The Board reviews Omnicom’s financial performance throughout the year and evaluates strategy in light of results, with an industry focus that includes peer comparisons and our competitive ability to attract and retain the most talented workforce. At least annually, the Board has a more detailed discussion, generally over two days, which is informed by reports from management on a variety of strategic matters and input regarding strategic goals of Omnicom’s networks and practice areas. At this meeting, the Board receives a complete analysis of the strategies with respect to the multiple business components integral to Omnicom’s comprehensive long-term strategic direction. This meeting also includes management presentations on important topics such as risk management, diversity and inclusion, information technology, cybersecurity and our data breach incident plan, human capital management, and top clients. Our Board believes this comprehensive process greatly strengthens its ability to effectively oversee management as Mr. Wren and senior leadership drive the future success of our Company.

RISK OVERSIGHT

Our Board oversees an enterprise-wide approach to risk management, designed to support the achievement of organizational objectives, including strategic objectives, to improve long-term organizational performance and enhance shareholder value. The principal oversight function of the Board and its committees includes understanding the material risks the Company confronts and methods to mitigate or manage those risks. Management is responsible for identifying and assessing the related risks and establishing appropriate risk management practices. Our Board reviews management’s assessment of the related risk, and discusses with management the appropriate level of risk for the Company.

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OUR BOARD OF DIRECTORS
Administers its risk oversight function with respect to our operating risk as a whole, and the Board and its committees meet with management at least quarterly to receive updates with respect to our business operations and strategies, financial results and the monitoring of related risks. The Board also delegates oversight to the Audit, Governance, Compensation and Finance Committees to oversee selected elements of risk:
  
ExecutiveOUR AUDIT COMMITTEE
Oversees financial risk exposures, including monitoring the integrity of the financial statements, internal control over financial reporting, and the independence of the independent auditors of the Company. The Audit Committee inquires of management and the independent auditors about significant risks or exposures and assesses management’s actions in light of any such risks, and also discusses guidelines and policies governing the process by which management of the Company assesses and manages the Company’s exposure to risk. The Audit Committee receives an assessment report from the Company’s internal auditors on at least an annual basis and more frequently as appropriate. The Audit Committee oversees the Company’s cybersecurity risk management programs and receives periodic updates from management regarding cybersecurity, data privacy and other risks relevant to the Company’s information technology systems. The Audit Committee also assists the Board in fulfilling its oversight responsibility with respect to compliance with legal and regulatory matters related to the Company’s financial statements and meets at least quarterly with our financial management, independent auditors and legal advisors for updates on risks related to our financial reporting function.
OUR GOVERNANCE COMMITTEE
Oversees governance-related risk by working with management to establish Corporate Governance Guidelines and policies applicable to the Company and our management, including recommendations regarding director nominees, the determination of director independence, Board leadership structure and membership on Board committees. The Company’s Governance Committee also oversees risk by working with management to adopt codes of conduct and business ethics designed to encourage the highest standards of business conduct and ethics.
OUR COMPENSATION COMMITTEE
Oversees compensation-related risk by working with management in the creation of compensation structures that create incentives to encourage a level of risk-taking behavior consistent with the Company’s business strategy.
OUR FINANCE COMMITTEE
Oversees financial, credit and liquidity risk by overseeing our Treasury function to evaluate elements of financial and credit risk and advise on our financial strategy, capital structure, capital allocation and long-term liquidity needs, and the implementation of risk mitigating strategies.
THE COMPANY’S MANAGEMENT
Responsible for day-to-day risk management. The CEO, CFO and General Counsel periodically report on the Company’s risk management policies and practices to relevant Board committees and to the full Board. Our Treasury, Legal, Controller, Information Technology, and Internal Audit functions work with management at the agency level, serving as the primary monitoring and testing function for company-wide policies and procedures, and managing the day-to-day oversight of risk management strategy for the ongoing business of the Company. We believe the division of risk management responsibilities described above is an effective approach for addressing the risks facing the Company and that our Board leadership structure supports our approach.

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Diversity and Corporate Responsibility

DIVERSITY AND INCLUSION

Omnicom believes that workplace diversity creates value for the Company, enhances the quality of work we create for clients and is a cornerstone of our positive corporate culture. We know that a workforce reflecting the demographics of our society is better poised to create effective campaigns for our clients that resonate with a diverse population. With our global presence, we believe it is important that our workforce reflects our global community. This commitment to diversity starts within the boardroom. Our Board includes six women and four African Americans, including Leonard S. Coleman, Jr., our Lead Independent Director. Our Audit, Compensation and Finance Committees are Chaired by female directors, and the Chair of our Governance Committee is African American. The diversity of our Board was recognized by Fortune Magazine, with Omnicom being named one of only six Fortune 500 companies that has more women than men on its Board of Directors. Across the Company, we are committed to recruiting and retaining the best talent from diverse backgrounds, experiences and perspectives and have implemented key programs and initiatives to ensure we deliver on this commitment. These efforts include:

Internal focus and accountability– Omnicom created the role of Senior Vice President and Chief Diversity Officer at our corporate office in 2009, reporting directly to the CEO, and this role has since been expanded throughout our Company. Our individual networks now employ their own Directors of Diversity or Chief Diversity Officers, and throughout Omnicom and its networks, 14 professionals are dedicated full-time to overseeing and advancing diversity and inclusion efforts at every level of our organization.
Omnicom People Engagement Network (OPEN)– led by three senior-level Chief Diversity Champions, meets quarterly to share best practices and develop tools to efficiently and effectively incorporate diversity and inclusion initiatives at Omnicom offices.
OPEN Pride– with multiple chapters around the globe, this sub-group of OPEN specifically strives to identify and develop LGBTQ talent and promote awareness, acceptance and advocacy by creating opportunities for leadership, visibility, community involvement, networking and business throughout our networks.
OPEN DisAbility– launched in May 2019, this sub-group of OPEN is Omnicom’s disability business resource group that seeks to drive disability representation, raise awareness of those who have a visible or invisible disability, and build a community approach towards helping our agencies become truly inclusive of persons with disabilities.
Omniwomen– is a global initiative with multiple chapters around the world intended to serve as a catalyst to increase the influence and number of women leaders across the Omnicom networks. Leading this initiative are the most senior women executives across Omnicom and its agencies.
ADCOLOR– Omnicom supports this network of outstanding diverse professionals and champions of diversity and inclusion. At the annual ADCOLOR Conference, diverse professionals at all levels within the industry are honored for their personal contributions and efforts to open doors for other high-potential, diverse professionals.
Supplier diversity– In partnership with TBWA\Worldwide, we are leveraging One Sandbox across our network of agencies in order to expand access to diverse suppliers. One Sandbox is a resource that spurs collaboration with clients and diverse suppliers by simplifying the process of identifying and evaluating minority- and women-owned vendors. By successfully utilizing these mutually beneficial business relationships, we help meet the supplier diversity goals that we have set for Omnicom as well as those of our clients.

We have been publicly recognized for our commitment to inclusion and diversity initiatives. In October 2019,The Wall Street Journalreleased its own diversity and inclusion ranking of companies in the S&P 500. Omnicom was tied for third place overall and ranked first for the Communication Services industry. We were also named to the Forbes 2019 America’s Best Employers List for the fourth straight year and included in the Forbes 2020 list of America’s Best Employersfor Diversity. In 2019, Omnicom was a proud Platinum sponsor for the first-ever, groundbreaking WorldPride celebrationin New York City. Working closely with NYC Pride, several Omnicom agencies joined forces to provide branding and public relations work for the 2019 celebration, a project that took place over the course of two years. For these reasons and more, Omnicom achieved a perfect score of 100 percent for the fourth consecutive year on the Corporate Equality Index (CEI) administered by the Human Rights Campaign Foundation. This index is a nationally recognized benchmarking tool for corporate inclusivity policies, benefits and practices pertinent to LGBTQ employees. Due to our high score, we were designated as a 2020 “Best Place to Work for LGBTQ Equality.”

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Omnicom shares the following key diversity statistics on its website:

22% of U.S. “Officials and Managers” are multicultural, an increase of 29% from five years ago with improvement among each of the Equal Employment Opportunity Commission's Hispanic/Latino, Black/African American and Asian designations.
The U.S. “Professional” talent base is 29% multicultural, an increase of 12% from five years ago with improvement among all but one of the Equal Employment Opportunity Commission's Hispanic/Latino, Black/African American and Asian designations.
Women make up 57% of U.S. “Officials and Managers.”
Of the approximately 21,000 U.S. employees who are “Professionals” and “Officials and Managers,” 26% are multicultural, 58% are women, and only 31% are white men.
Of the nine members of Omnicom’s Board of Directors nominated for re-election, six are women and four are African American.

We believe that these statistics clearly reflect the value Omnicom places on workplace diversity and the strength of its efforts to promote professional opportunities for women and diverse individuals.


CORPORATE RESPONSIBILITY

At Omnicom, we’re committed to promoting sustainable practices and making positive contributions to society around the globe. Our corporate responsibility efforts spread across four key areas: supporting our communities, creating a dynamic and diverse workforce, managing our environmental footprint and ensuring a strong governance structure.

Omnicom has set corporate responsibility goals relating to our people, environment, and governance helping guide our sustainability initiatives across the business.
Omnicom is a signatory to the United Nation’s Global Compact (UNGC).
Omnicom and its global agencies are supporting the UN Sustainable Development Goals (SDGs) through a variety of initiatives. As a pro bono global marketing and communications partner for Theirworld, Omnicom is working to ensure inclusive and quality education for children around the world, contributing to SDG 4.
As a strategic partner and member, Omnicom was one of the first companies to support The Valuable 500, a global movement putting disability inclusion on the global business leadership agenda. The Valuable 500 is comprised of businesses who have firmly committed to championing disability inclusion and removing barriers to success for people living with disabilities.
Omnicom is committed to supporting and respecting human rights, including the right of our employees to be hired and promoted based on their qualifications and merit. Please see our Human Rights Policy, which is available on our website at http://www.omnicomgroup.com for more information.
Omnicom is committed to reducing our environmental footprint, primarily by consolidating office space and installing more energy-efficient heating and cooling systems, as detailed in our Environmental Policy which is available on our website at http://www.omnicomgroup.com.

Our 2019 Corporate Responsibility Report, scheduled for release in fall 2020, includes the following highlights:

As a signatory to the UNGC, we have pledged to support ten universal principles, including protecting human rights, promoting fair labor practices, protecting the environment and rooting out corruption.
Launched in January 2019, we continued our collaboration as a signatory and strategic partner to The Valuable 500, which encourages Fortune 500 companies to add disability inclusion to their leadership agendas.
In 2019, we reduced our overall carbon emissions by more than 5% through a reduction in air travel, automobile usage, and the use of fuel oil and natural gas.

Learn more at http://csr.omnicomgroup.com.


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Communications with Shareholders

SHAREHOLDER ENGAGEMENT

We are strongly committed to shareholder outreach, supported and overseen by the Board, and believe regular, transparent communication with our shareholders is important to our long-term success. Mr. Coleman, our Lead Independent Director, actively participates in selected investor meetings each year. To ensure that we fully address any shareholder concerns, shareholder feedback is shared with the Governance and Compensation Committees, as appropriate, as well as with the full Board.

Spring
Pre-annual meeting shareholder engagement:meet with shareholders to solicit feedback and answer questions regarding matters addressed in the proxy statement

Summer
Assess results of annual meeting:determine any responsive actions to be taken and formulate engagement priorities for the coming year





Winter
Incorporate shareholder input into annual meeting planning:weigh governance enhancements as warranted, and reflect changes in proxy statement disclosure

Fall
Conduct shareholder meetings:discuss engagement priorities, gather input through shareholder meetings, and report feedback to the Board and Governance and Compensation Committees

During the last year, we reached out to shareholders representing 68% of our outstanding shares and engaged with shareholders representing 25% of our outstanding shares, or every shareholder that accepted our invitation for engagement, in a continued effort to foster a successful shareholder outreach program, establishing and deepening the relationships with the governance teams at many of our largest investors. As in prior years, Mr. Coleman was a participant in select shareholder meetings and shared feedback with the full Board.

In recent years, the Board has taken significant steps to be responsive to concerns raised by shareholders, including adopting a board retirement policy described in the section entitled “Director Retirement Policy” on page 30 that has resulted in eight of our Board members stepping down from the Board since May of 2016, including the two directors not standing for re-election at the 2020 Annual Meeting. For a more complete summary of the feedback we heard from shareholders and actions taken by the Board, please refer to page 6 of our Proxy Summary. We value our investors’ views regarding our Company, as well as their opinions on corporate governance best practices and have enhanced our corporate responsibility and diversity disclosure in response to input received. Our Board and management found this engagement constructive and informative, and we will continue our engagement efforts. In addition to the direct input of our shareholders, we also consider the Investor Stewardship Group’s six corporate governance principles for U.S. listed companies.

SHAREHOLDER COMMUNICATIONS WITH BOARD MEMBERS

Interested parties, including shareholders, may communicate (if they wish on a confidential, anonymous basis) with the outside directors, the Chairs of our Audit, Compensation, Finance and Governance Committees or any individual director (including our Lead Independent Director who presides over the executive sessions of our independent non-management directors) on board-related issues by writing to such director, the Committee Chair or to the outside directors as a group c/o Corporate Secretary at Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022. The envelope should clearly indicate the person or persons to whom the Corporate Secretary should forward the communication. Communications will be distributed to the Board, or to any individual director or directors as appropriate, depending on the facts and circumstances outlined in the communications.

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Board Leadership Structure

LEAD INDEPENDENT DIRECTOR, CHAIRMAN AND CEO ROLES

Our Governance Committee, as well as the full Board when appropriate, regularly evaluates the leadership structure of our Board to determine what arrangement is most appropriate for the Company and shareholders. The Board believes that it is important to maintain flexibility to determine the appropriate leadership structure based on Company circumstances at the time, and that our directors are best positioned to lead this evaluation given their unique insight into Omnicom’s business, leadership team, culture, opportunities and challenges. Our Board is currently led by a Lead Independent Director, our Chairman and CEO, and four independent Committee Chairs. The Board believes this to be the optimal Board leadership structure for Omnicom at present, combining strong independent leadership with the benefits of having our CEO chair Board meetings in which strategic business matters are routinely discussed.

While the Board regularly evaluates its leadership structure and assesses various options, the Board strongly believes that it is critical to the success of our Company that our CEO, Mr. Wren, serve as Chairman at this time. The Board evaluates a range of factors in determining its leadership structure, including the complexity of our business, our ongoing organizational realignment, our robust Lead Independent Director role, and feedback from our shareholders regarding Omnicom’s leadership structure:

Business Complexity:The Board considers the complex nature of our Company and our business, and that the success of a professional services business such as ours is based on retaining the most talented individuals to best serve our clients. Ensuring executive-level continuity in the CEO and Chair roles is integral to supporting the transition of hundreds of client relationships, which have been built on trust and support over many years. These chairman-client relationships are particularly relevant at the time considering the client losses our industry peers are experiencing and the ability forOmnicom to benefit from the opportunities this creates. 
Organizational Realignment: The Board also takes into consideration our Company’s organizational realignment, which Mr. Wren designed and implemented to successfully guide Omnicom through a time of rapid change and disruption within our industry. Market-wide acceleration of technological advances and a shifting competitive landscape that affect Omnicom’s businesses underscore the importance of the changes to Omnicom’s networks and practice areas and the reconstituted reporting structure that Mr. Wren has spearheaded. Mr. Wren’s focus is on leveraging the Company’s existing network and client service matrix organizational structures to build a best in class leadership team and position Omnicom for sustainable long-term growth in an increasingly complex global landscape. As we continue the strategic realignment of our businesses, Mr. Wren’s guidance and leadership will remain critical.
Robust Lead Independent Director Role: Our Lead Independent Director role at Omnicom has evolved to include significant responsibilities, similar to those typically overseen by an independent Chair (see page 26 for a full list of these responsibilities). The Board annually reviews the responsibilities assigned to the Lead Independent Director role, and most recently enhanced the already robust responsibilities assigned to this role in February 2019. 
Shareholder Feedback: The Board carefully considers shareholder perspectives on Omnicom’s leadership structure through extensive engagement conducted annually. During discussions with our investors, the vast majority have expressed support for our combined Chair and CEO positions at this time – particularly in light of the critical nature of chairman-client relationships in a professional services business such as ours, and our strong Lead Independent Director role.

While the Board is confident that this leadership structure is best suited to the current needs of the business, the Board remains committed to rigorously evaluating Omnicom’s leadership structure each year and to gathering shareholder feedback on this matter through ongoing engagement.

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LEAD INDEPENDENT DIRECTOR

Our Board is committed to improving the Company’s corporate governance practices, and we have significantly enhanced the responsibilities of our Lead Independent Director’s role to strengthen the Board’s independent oversight of management. This individual would typically also serve as a member of the Governance Committee and, as such, participate in director and CEO succession planning. Currently, our Lead Independent Director also serves as Chair of the Governance Committee. The responsibilities of the Lead Independent Director were most recently enhanced in February 2019. In addition to the responsibilities of all directors, our Lead Independent Director’s other duties, which the Board continues to evaluate through engagement with shareholders, include:

Preside at executive sessions of the independent directors;
Preside at all meetings of the Board at which the Chairman is not present;
Serve as principal liaison between the independent directors and the Chairman and CEO;
Participate in director recruitment, mentoring and development;
Oversee the annual Board and committee evaluations;
Participate in developing agendas for Board meetings, with the authority to add agenda items;
Approve the schedule of Board meetings, with the authority to call meetings of independent directors;
Oversee conflicts of interest of all directors, including the Chairman and CEO;
Advise the Chairman, including providing input as to the quality, quantity and timeliness of information provided to the Board;
Engage and consult with shareholders as part of our shareholder engagement process; and
Perform such other duties as the Board may from time to time delegate.

We believe that this leadership structure enhances the accountability of the Chairman and CEO to the Board and strengthens the Board’s independence from management.

On the recommendation of the Governance Committee, the independent members of our Board designate the Lead Independent Director annually. In May 2019, the independent members of our Board re-elected Leonard S. Coleman, Jr. to serve as the Company’s Lead Independent Director. During his tenure as a member of the Board, Mr. Coleman has consistently demonstrated thoughtful leadership and intelligent decision making. Each year in which he has served as Lead Independent Director, Mr. Coleman has committed to being personally involved in our shareholder engagement efforts. Mr. Coleman’s proven integrity and values align perfectly with the important role of Lead Independent Director. Coupled with his extensive senior management, financial, government, development and public company board experience, the independent members of the Board determined that Mr. Coleman continues to be the ideal candidate to serve as the Company’s Lead Independent Director.

BOARD OPERATIONS AND COMMITTEE STRUCTURE

Our Board met six times during 2019. The Board generally conducts specific oversight tasks through committees so that the Board as a whole can focus on strategic matters and those particular tasks that by law or custom require the attention of the full Board. Our Board has established four standing committees, functioning in these areas, as explained more fully below:

audit and financial reporting
management/compensation
corporate governance
finance and acquisitions/divestitures

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Each of the committees operates under a written charter recommended by the Governance Committee and approved by the Board. The Board operates pursuant to our Corporate Governance Guidelines. Each Board committee is authorized to retain its own outside advisors. Our Corporate Governance Guidelines and committee charters, which have been approved by the Board, are posted on our website at http://www.omnicomgroup.com. The table below provides current membership for each Board committee.

Director     Audit     Compensation     Governance     Finance
Alan R. Batkin
Mary C. Choksi
Robert Charles Clark
Leonard S. Coleman, Jr.
Susan S. Denison
Ronnie S. Hawkins
Deborah J. Kissire
Gracia C. Martore
Linda Johnson Rice
Valerie M. Williams
John D. Wren
Number of Meetings in 201912867
Member
Chair

 AUDIT COMMITTEE 

Meetings in 2019:12

The Audit Committee’s purpose is to assist the Board in carrying out its financial reporting and oversight responsibilities, including oversight of risk as described in “Risk Oversight” beginning on page 20 above. In this regard, the Audit Committee assists the Board in its oversight of (a) the integrity of our financial statements, (b) compliance with legal and regulatory requirements, (c) the qualifications and independence of our independent auditors, and (d) the performance of our internal audit function and independent auditors. Furthermore, the Audit Committee prepares the report included below in the section entitled “Audit Committee Report.” The Audit Committee also has the power to retain or dismiss our independent auditors and to approve their compensation.

The Board has determined that each member of our Audit Committee is “independent” within the meaning of both the rules of the NYSE and Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Board has also determined that each member of our Audit Committee is an “audit committee financial expert,” is “financially literate” and has “accounting or related financial management expertise,” as such qualifications are defined by SEC regulations and the rules of the NYSE, respectively.

 COMPENSATION COMMITTEE  

Meetings in 2019:8

The Compensation Committee’s purpose is (a) to assist the Board in carrying out its oversight responsibilities relating to compensation matters, including oversight of risk as described in “Risk Oversight” beginning on page 20 above, (b) to prepare a report on executive compensation for inclusion in our annual Proxy Statement and (c) to administer and approve awards under our equity and other compensation plans. The report of the Compensation Committee is included below in the section entitled “Compensation Committee Report.”

The Board has determined that each member of our Compensation Committee is “independent” within the meaning of the rules of the NYSE and a “non-employee director” within the meaning of the rules of the SEC.


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 GOVERNANCE COMMITTEE 

Meetings in 2019:6

The Governance Committee’s purpose is to assist the Board in carrying out its oversight responsibilities, including oversight of risk as described in “Risk Oversight” beginning on page 20 above, relating to (a) the composition of the Board and (b) certain corporate governance matters. As part of its responsibilities, the Governance Committee considers and makes recommendations to the full Board with respect to the following matters:

director nominees and underlying criteria for election to the Board and its committees;
the structure, responsibilities and composition of the Board committees;
standards and procedures for review of the performance of the Board and its committees, as well as any actions to be taken in response to the performance evaluation results;
the election of the Chief Executive Officer and other officers required to be elected by the Board;
our Certificate of Incorporation and By-laws;
our Corporate Governance Guidelines generally, including with respect to director qualification standards, responsibilities, access to management and independent advisors, orientation and continuing education, and management succession;
shareholder proposals made under SEC rules;
the Code of Business Conduct applicable to our directors, officers and employees;
the Code of Ethics applicable to our senior financial officers;
the charters of the Board committees; and
the Governance Committee’s performance of its own responsibilities.

The Governance Committee also oversees our shareholder engagement efforts and periodically receives reports from management on shareholder feedback. The Board has determined that each member of our Governance Committee is “independent” within the meaning of the rules of the NYSE.

 FINANCE COMMITTEE 

Meetings in 2019:7
The Finance Committee’s purpose is to assist the Board in carrying out its oversight responsibilities relating to financial matters affecting Omnicom, including in respect of acquisitions, divestitures and financings and the oversight of risk as described in “Risk Oversight” beginning on page 20 above.

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EXECUTIVE SESSIONS

As a matter of policy, the independent, non-management directors regularly meet in executive session, without management present. The independent directors met six times in 2019. Mr. Coleman, our Lead Independent Director, presides over executive sessions of the Board.

DIRECTOR ATTENDANCE

Attendance at Board and committee meetings during 2019 averaged 99% for the directors as a group. Except for two directors who each missed one committee meeting, and had a 96% attendance record, each of our other directors attended 100% of the meetings of the Board and the committees of the Board on which he or she served during 2019. We encourage our directors to attend our annual meetings of shareholders, and all of our directors attended the 2019 Annual Meeting of Shareholders.

Board Policies and Processes

BOARD AND COMMITTEE EVALUATION PROCESS


Every year, the Board and its committees each conduct a self-evaluation to help promote Board and committee effectiveness. The Governance Committee leads the evaluation process, which is overseen by our Lead Independent Director. The process allows directors to evaluate the Board as a whole and the standing committees of the Board on which each director serves through questionnaires covering topics such as:

the effectiveness of the Board’s leadership structure and the composition and responsibilities of its committees;
the adequacy of the number and length of Board and committee meetings and the appropriateness of topics discussed; and
the dynamic between the Board and management, and the quality of management’s presentations and information provided to the Board and its committees.

Our Governance Committee recommends to the full Board a plan for any changes to the functions of our Board or its committees including on structure, responsibilities, performance and composition.

The Governance Committee reviews the composition of the Board and recommends to the full Board nominees for election. The Governance Committee identifies the skills and experience needed to replace any departing director and performs research, either itself or by engaging third parties to do so on its behalf, to identify and evaluate director candidates.

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DIRECTOR RETIREMENT POLICY

Our mandatory retirement age policy for directors provides that no director shall be nominated for election or re-election to the Board if the director has reached 75 years of age on or before December 31st of the year preceding election or reelection. The Board, upon the recommendation of the Governance Committee, may waive this limitation for any director if the Board determines that it is in the best interests of the Company and its shareholders to extend the director’s service. The Board has not previously waived the policy, and in the event of a waiver, the Board will provide shareholders with rationale for its decision.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

The following directors served as members of our Compensation Committee during all or a portion of 2019: Susan S. Denison, Alan R. Batkin, Mary C. Choksi, Leonard S. Coleman, Jr. and Linda Johnson Rice. None of the Compensation Committee members serving during 2019 is a current or former employee or officer of Omnicom or its subsidiaries. None of the Compensation Committee members serving during 2019 has ever had any relationship requiring disclosure by Omnicom under Item 404 of Regulation S-K. During 2019, none of our executive officers served as a member of the board of directors or compensation committee (or other committee performing equivalent functions) of any other company that had an executive officer serving as a member of our Board or its Compensation Committee.

TRANSACTIONS WITH RELATED PERSONS

We review all relationships and transactions between Omnicom or its subsidiaries and related persons to determine whether such persons have a direct or indirect material interest. Related persons include any director, nominee for director, officer or their immediate family members. Although we do not have a written policy governing such transactions, Omnicom’s legal staff is primarily responsible for the development and implementation of processes and controls to obtain information from the directors and officers with respect to related person transactions and for then determining, based on the facts and circumstances, whether the Company or a related person has a direct or indirect material interest in the transaction.As part of this process, and pursuant to our Audit Committee’s charter, the Audit Committee reviews our policies and procedures with respect to related person transactions. These policies and procedures have been communicated to, and are periodically reviewed with, our directors and executive officers, and the Audit Committee documents in its minutes any actions that it takes with respect to such matters. Under SEC rules, transactions that are determined to be directly or indirectly material to Omnicom, its subsidiaries or a related person are required to be disclosed in Omnicom’s Proxy Statement. In the course of reviewing a related party transaction, Omnicom considers (a) the nature of the related person’s interest in the transaction, (b) the material terms of the transaction, (c) the importance of the transaction to the related person and Omnicom or its subsidiaries, (d) whether the transaction would impair the judgment of a director or officer to act in the best interest of Omnicom, and (e) any other matters deemed appropriate.

Based on the information available to us and provided to us by our directors and officers, we do not believe that there were any such material transactions in effect since January 1, 2019, or any such material transactions proposed to be entered into during 2020, with the following exception. Mr. Wren’s brother, Christopher Wren, is employed as the Financial Systems Director for RAPP, a subsidiary of Omnicom. In 2019, his total compensation was $244,902, including salary, bonus and other benefits.

ETHICAL BUSINESS CONDUCT

We have a Code of Business Conduct designed to assure that our business is carried out in an honest and ethical way. The Code of Business Conduct applies to all of our directors, officers and employees, as well as all of the directors, officers and employees of our majority-owned subsidiaries, and requires that they avoid conflicts of interest, comply with all laws and other legal requirements and otherwise act with integrity. In addition, we have adopted a Code of Ethics for Senior Financial Officers regarding ethical action and integrity relating to financial matters applicable to our senior financial officers. Our Code of Business Conduct and Code of Ethics for Senior Financial Officers are available on our website at

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ITEM 1 — ELECTION OF DIRECTORS

http://www.omnicomgroup.com, and are also available in print to any shareholder that requests them. We will disclose any future amendments to, or waivers from, certain provisions of these ethical policies and standards for senior financial officers, executive officers and directors on our website within the time period required by the SEC and the NYSE.

We also have procedures to receive, retain and treat complaints regarding accounting, financial reporting and disclosure, internal accounting controls or auditing matters and to allow for the confidential and anonymous submission by employees of concerns regarding questionable accounting or auditing matters, as well as possible violations of our Code of Business Conduct or Code of Ethics for Senior Financial Officers. The procedures are posted on our website at http://www.omnicomgroup.com and the websites of our various global networks.

Directors’ Compensation for Fiscal Year 2019

Directors who are also current or former employees of Omnicom or its subsidiaries receive no compensation for serving as directors. The compensation program for directors who are not current or former employees of Omnicom or its subsidiaries is designed to compensate directors in a manner that reflects the work required for a company of Omnicom’s size and composition and to align directors’ interests with the long-term interests of shareholders. The table below includes the following compensation elements with respect to non-employee directors:

Annual Compensation.For 2019, non-employee directors were paid a cash annual retainer of $90,000 and $2,000 for attendance at each Board or Committee meeting. Non-employee directors are also paid $10,000 for attendance in person at a Board meeting held outside of the U.S. that requires international travel from his or her residence, but no such international meetings were held in 2019, and therefore this additional fee was not paid. In addition, directors receive reimbursement for customary travel expenses.

In accordance with our 2013 Incentive Award Plan (the “2013 Plan”), and our Director Compensation and Deferred Stock Program adopted by our Board on December 4, 2008 (as amended), non-employee directors also receive fully vested common stock each fiscal quarter. For each of the four quarters in 2019, such directors received common stock with a grant date fair value of $36,250 based on the per share closing price of our common stock on the first trading day immediately prior to grant. Effective January 1, 2020, the amount of common stock to be received by non-employee directors each quarter was increased to $43,750.

Our Director Compensation and Deferred Stock Program and 2013 Plan provide that each director may elect to receive all or a portion of his or her cash director compensation for the following year’s service in common stock. Ms. Martore elected to receive all of her 2019 cash director compensation in common stock.

Directors may also elect to defer any common shares payable to them, which will be credited to a bookkeeping account in the directors’ names. These elections must be made prior to the start of the calendar year for which the fees would be payable. The number of shares of common stock delivered or credited to a director’s account is based on the fair market value of our common stock on the first trading day immediately preceding the date the fees would have been paid to the director. Each director other than Mr. Coleman and Ms. Rice elected to defer all of the common shares payable to them in 2019.

Lead Independent Director and Committee Chair Fees.The Chairs of our committees and our Lead Independent Director receive the following additional annual fees in cash due to the workload and the additional responsibilities of their positions. Our Lead Independent Director received an additional fee of $35,000 for 2019. The Chairs of our Audit, Compensation, Governance and Finance Committees receive an additional fee of $20,000 each year, as long as such Chair is not also an executive officer of Omnicom.

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Name of Director          Fees Earned
or Paid in Cash
($)(1)
    Stock
Awards
($)(2)
    Total ($)
Alan R. Batkin               $132,000$145,000$277,000
Mary C. Choksi$162,000$145,000$307,000
Robert Charles Clark$156,000$145,000$301,000
Leonard S. Coleman, Jr.$199,000$145,000$344,000
Susan S. Denison$150,000$145,000$295,000
Ronnie S. Hawkins$126,000$145,000$271,000
Deborah J. Kissire$140,000$145,000$285,000
Gracia C. Martore$136,000$145,000$281,000
Linda Johnson Rice$130,000$145,000$275,000
Valerie M. Williams$140,000$145,000$285,000
(1)

This column reports the amount of cash compensation earned in 2019 for Board and Committee service. The amounts shown include $90,000 in cash compensation which Ms. Martore elected to receive in common stock.

(2)

The amount reported in the “Stock Awards” column for each director reflects the aggregate grant date fair value of the stock granted in 2019, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“ASC Topic 718”). For a discussion of the assumptions used to calculate the fair value of stock awards, refer to notes 2 and 10 to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 10-K”). The grant date fair market value for each quarterly stock award was $36,250 for each individual reported in the table above. All stock awards held by directors were fully vested as of December 31, 2019.

No Other Compensation.Directors received no compensation in 2019 other than that described above. We do not have a retirement plan for directors and they receive no pension benefits.

Stock Ownership Requirement.The Board encourages stock ownership by directors and, in 2004, we adopted stock ownership guidelines for our directors. The director guidelines provide, in general, that our directors must own Omnicom stock equal to or greater than five times their annual cash retainer within five years of their joining the Board. As of December 31, 2019, each member of our Board that has served on the Board five years or more was in compliance with these guidelines.

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ITEM 2 — ADVISORY RESOLUTION TO
APPROVE EXECUTIVE COMPENSATION
____________________

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and Section 14A of the Exchange Act, we are asking shareholders to approve an advisory resolution on the compensation of the Company’s named executive officers as reported in this Proxy Statement. Three years ago, the Board recommended that this advisory vote to approve named executive officer compensation be conducted annually and shareholders voted in favor of this recommendation by a substantial majority. Accordingly, the Board has determined that it will hold an advisory vote to approve named executive officer compensation annually until the next vote to determine the frequency of such an advisory vote. Subsequent to the advisory vote reflected in this proposal, the next advisory vote to approve named executive officer compensation is expected to occur at the 2021 Annual Meeting of Shareholders.

Our executive compensation programs are designed to support the Company’s long-term success. As described below in the “Compensation Discussion and Analysis” section of this Proxy Statement, the Compensation Committee has structured our executive compensation program to achieve the following key objectives:

attract, motivate and retain the talented executives who are a critical component of Omnicom’s long-term success by providing each with a competitive total rewards package;
support talent development in a rapidly evolving industry;
maintain a balanced approach to building long-term shareholder value that does not overemphasize a single metric; and
ensure that executive compensation is aligned with both the short and long-term interests of shareholders.

The majority of each NEO’s total compensation was variable and based on performance. With respect to our Chief Executive Officer, 95% of his 2019 compensation was variable and based on performance and 41% is also contingent upon the future performance of the Company.

2019 CEO Compensation


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ITEM 2 — ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION

We urge shareholders to read the “Compensation Discussion and Analysis” below, which describes in more detail how our executive compensation policies and procedures operate and are designed to achieve our compensation objectives, as well as the Summary Compensation Table and related compensation tables and narrative below, which provide detailed information on the compensation of our named executive officers. The Compensation Committee and the Board believe that the policies and procedures articulated in the “Compensation Discussion and Analysis” are effective in achieving our goals and that the compensation of our named executive officers reported in this Proxy Statement has supported and contributed to our success.

We are asking shareholders to approve the following advisory resolution at the 2020 Annual Meeting.

RESOLVED, that the shareholders of Omnicom Group Inc. (the “Company”) approve, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s Proxy Statement for the 2020 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the Summary Compensation Table for 2019 and the other related tables and disclosure.

This advisory resolution, commonly referred to as a “say-on-pay” resolution, is non-binding on the Board. Although non-binding, the Board and the Compensation Committee will carefully review and consider the voting results when evaluating our executive compensation program.

The Board UNANIMOUSLY recommends that shareholders voteFORthe advisory resolution
to approve executive compensation.

Approval of this item requires the favorable vote of the holders of a majority of the shares voting on the item. Abstentions and broker non-votes will have no effect on the outcome of this item.

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EXECUTIVE COMPENSATION
____________________

Table of Contents

       Page
Executive Summary36
Overall Compensation Objectives and Principles2836
About Our Business2836
Overview of 20162019 Company Performance2937
Compensation Decisions Reflect Performance3141
2019 CEO Compensation41
Last Year’s Say on Pay Vote and Shareholder Engagement32
Compensation Decision Process32
Market-Competitive Compensation34
Elements of Omnicom Compensation and Fiscal Year 2016 Decisions34
Performance-Based Compensation Awards36
Executive Compensation Related Policies and Guidelines45
Other Arrangements and Practices Related to Our Executive Compensation Program46
Risk Assessment in Compensation Programs4742
Compensation Committee Report42
47Compensation Discussion & Analysis43
Objectives43
Elements of Omnicom Compensation and Fiscal Year 2019 Decisions44
Other Executive Compensation Arrangements54
Executive Compensation Related Practices, Policies and Guidelines55
Summary Compensation Table for 201958
Grants of Plan-Based Awards in 201959
Outstanding Equity Awards at 2019 Year-End60
Option Exercises and Stock Vested in 201961
Nonqualified Deferred Compensation in 201961
Potential Payments Upon Termination of Employment or Change in Control61
Pay Ratio Disclosure65

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EXECUTIVE COMPENSATION

Executive CompensationSummary

Overall Compensation Objectives and Principles

OVERALL COMPENSATION OBJECTIVES AND PRINCIPLES

The Compensation Committee is responsible for establishing, implementing and monitoring Omnicom’s executive compensation policies and program. The overarching goals of our compensation program are to:

Attract, motivate
and retain
Attract,
motivate and
retain
Support talent
development
Maintain a
balanced
approach
Ensure that executive
compensation is aligned
executive
compensation
is aligned

the talented executives who are a critical component of Omnicom’s long-term success by providing each with a competitive total rewards package;

in a rapidly evolving industry;

to building long-term shareholder value that does not overemphasize a single metric; and

with both the short and long-term interests of shareholders.

We accomplish this by:

closely tying pay to current and long-term performance;
maintaining a high degree of variable compensation;
establishing challenging performance metrics that are targeted to the Company, our industry and our business strategy; and
sustaining competitive compensation levels.

We accomplish this by:

closely tying pay to current and future performance;
maintaining a high degree of variable compensation;
establishing challenging performance metrics that are targeted to the Company, our industry and our business strategy; and
sustaining competitive compensation levels.
ABOUT OUR BUSINESS

About Our Business

Omnicom wasis a strategic holding company formed in 1986 and through its branded networks and agencies providesis a leading global provider of advertising, marketing and corporate communications services to over 5,000 clients in more than 100 countries. Omnicom is a strategic holding company and a leading global provider of advertising, marketing and corporate communications services. Our branded networks and agenciesWe operate in all majora highly competitive industry and compete against other global, marketsnational and provide a comprehensive range ofregional advertising and marketing services in four fundamental disciplines: advertising, customer relationship management or CRM, public relationscompanies, as well as technology, social media and specialty communications.professional services companies. The proliferation of media channels, including the rapid development and integration of interactive technologies and mediums, has fragmented consumer audiences targeted by our clients. These developments make it more complex for marketers to reach their target audiences in a cost-effective way. This causesway, causing them to turn to global service providers such as Omnicom for a customized mix of advertising and marketing services designed to make the best use ofoptimize their total marketing expenditure.

On a global, pan-regional and local basis, our networks and agencies provide a comprehensive range of services in the following fundamental disciplines: advertising, customer relationship management (CRM), which includes CRM Consumer Experience and CRM Execution & Support, public relations and healthcare. Our business model was built and continues to evolve around our clients. As clients increase their demands forOur fundamental business principle is that our clients’ specific marketing effectivenessrequirements are the central focus of how we structure our service offerings and efficiency, they have tended to consolidate their business with larger, multi-disciplinary agencies or integrated groups of agencies. Accordingly,allocate our resources. This client-centric business model requires that multiple agencies within Omnicom collaborate in formal and informal virtual client networks thatutilizing our key client matrix organization structure. This collaboration allows us to cut across our internal organizational structures to execute against our clients’ specific marketing requirements.requirements in a consistent and comprehensive manner. We striveuse our client-centric approach to providegrow our business by expanding our service offerings to existing clients, moving into new markets and obtaining new clients. In addition to collaborating through our client service models, our agencies and networks collaborate across internally developed technology platforms, including Annalect, our proprietary data and analytics platform, and Omni, our people-based precision marketing and insights platform.

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EXECUTIVE COMPENSATION

As clients increase their demands for marketing effectiveness and efficiency, they continue to consolidate their business within one or a customized mixsmall number of advertising and marketing services designed to enable clients to makeservice providers in the best usepursuit of their total marketing expenditures.a single engagement covering all consumer touch points. We have structured our business around these trends. We believe that our key client matrix organization structure approach to collaboration and integration of our services and solutions provides a competitive advantage to our business in the past and we expect this organizational philosophy,to continue over the medium and long term. Our key client matrix organization structure facilitates superior client management and allows for greater integration of the services required by the world’s largest brands. Our over-arching strategy is to continue to use our abilityvirtual client networks to execute it, differentiatesgrow our business relationships with our largest clients by serving them across our networks, disciplines and geographies.

OVERVIEW OF 2019 COMPANY PERFORMANCE

In a dynamic, yet challenging, environment, our strategies, talent and execution allowed Omnicom to consistently deliver solid financial results and creative achievements in 2019. We focused on key strategic and operational objectives that have consistently served us from our competitors.

We operate in a highly competitive industry and compete against other global, national and regional advertising and marketing services companies. We believe our most important asset is our people; and attractingwell. These strategies are centered around hiring and retaining the best talent; driving organic growth by evolving and expanding our service offerings; investing in areas of growth with particular focus on data, analytics, digital transformation, CRM and precision marketing, e-Commerce and healthcare; and remaining vigilant in managing our costs and improving operational efficiencies in areas such as real estate, accounting, purchasing and information technology.

To meet our clients’ desire for simplicity and to be better able to recruit and deliver the best talent that drivesto them, we have structured our business is criticalservice offerings around our practice areas and our Global Client Leaders Group. The Global Client Leaders Group proves clients with a single point of access to our success.

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Executive Compensation

Overview of 2016 Company Performance

In 2016, Omnicom continued to be an industry leaderspecialists in a rapidly changingvariety of marketing disciplines. From late 2017 through early 2019, we established 12 practice areas, which bring together strong expertise within a particular discipline, provide our people greater opportunities for training and highly complex environment.development, better match the needs of our clients with our service offerings, and help develop strategies for internal investment and acquisition. Together, we believe the Global Client Leaders Group and strong leadership in each of our practice areas deliver expertise and talent to our clients that is aligned with their business strategies and tackle their marketing challenges. We remainedare positioned to better grow with existing clients, strengthen our new business efforts, better target our internal investments, as well as create more career opportunities for our employees.

One of our longstanding practice areas, which is very well aligned with our Global Client Leaders Group, is Omnicom Health Group. This group had an outstanding year, which contributed to our overall growth in 2019. Omnicom Health Group is one of the largest healthcare communications groups in the world. The group is able to manage communications across the entire healthcare ecosystem due to its breadth and depth of specialty healthcare agencies that are focused on attracting, retainingfour key healthcare customers: healthcare professionals, payer organizations, patients and developing top talent; expanding our global footprintconsumers, and moving into new service areas; leveragingmedical experts and regulatory stakeholders. The group’s success is driven by its talent. In 2019, the group added 300 healthcare specialists to its roster, which now numbers more than 4,300 people. The group’s success is also due to its use of our data and analytic capabilities; andcontinuinganalytical tools. Over the past year, it has begun to deliver break-throughuse Omni, our people-based precision marketing and insights platform, to better understanding professionals and patients’ online behavior. In doing so, Omnicom Health Group has successfully created more insightful, targeted and personalized communication strategies for its clients.

All of our agencies have access to our data and analytics tools, which we have invested in for over a decade. Omni is now available globally in the majority of markets in which we operate. Many of our agencies deploy Omni to create, plan and execute personalized customer experiences at scale for some of our largest clients. The platform is also transforming the way our teams work by providing a single view of their client’s consumers, enabling them to drive precision and marketing across creative, ideasCRM and solutions based uponmedia. Omni’s open platform allows us to continually evolve and expand its capabilities to serve the specific needs of our agencies and clients.

While data and analytics remain a top investment and priority for us, we believe it is our creativity that truly sets us apart. It is creativity and innovation, informed by data and analytics, that drive the most meaningful consumer insights across all marketing disciplinesbusiness results. The growth of Omnicom’s business in 2019 underscores the distinctive talents of our people and communications.the strength of our agency brands, as well as our differentiated structure and service offerings. The following highlights some key achievements that reflect our performance in 2016:2019, orchestrated and led by our CEO.

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Omnicom Financial Results and Shareholder Return.

$15.415.0 billion    $1.11.3 billion2.8%
RevenuesNet Income
+5.0%Organic Growth
                                                                                                                             
$1.7 billion    $2.1 billion49.6%    29.5%
Free Cash FlowOperating ProfitROEROIC

$1.6 billion$2.0 billionROI and ROE
Free Cash FlowOperating ProfitContinued improvement
+4.6%

Net income for 20162019 increased $54.7$12.7 million, or 5.0%1.0% to $1,148.6$1,339.1 million from $1,093.9$1,326.4 million in 2015.2018. Diluted net income per common share increased 8.4%3.9% to $4.78$6.06 in 2016,2019, compared to $4.41$5.83 in 2015.2018. We disposed of certain businesses in 2018, primarily in our CRM Execution & Support discipline in 2018, and recorded a net gain of $178.4 million. Further, in 2018 we took certain repositioning actions in an effort to continue to improve our strategic position and achieve operating efficiencies and recorded charges of $149.4 million. In 2018 we also recorded net additional income tax expense of $3.9 million from the finalization of the provisional estimate of the effect of the Tax Act, which was substantially offset by the impact of a lower tax rate on the net gain on disposition of subsidiaries. As a result, after income taxes and the allocation of $6.9 million to noncontrolling interests, net income increased by $18.2 million and diluted net income per share increased by $0.08 in 2018 and diluted net income per share in 2019 increased by 5.4% compared to 2018 adjusted for these items. Adjusted 2018 net income and diluted net income per share are Non-GAAP measures. See Appendix A for a reconciliation of these amounts to the respective GAAP amounts.

For 2016, weAs reported in the 2019 10-K, revenue for the twelve months ended December 31, 2019 decreased by 2.2% to $14,953.7 million from $15,290.2 million in the same period of 2018. Changes in foreign exchange rates reduced revenue $315.9 million, or 2.1%, acquisition revenue, net of disposition revenue, reduced revenue $445.1 million, or 2.9%, reflecting the disposition of certain non-strategic businesses, and organic growth increased revenue $424.5 million, or 2.8%.

Operating profit decreased 0.5% to $2,122.3 million. Earnings before interest, taxes and amortization of intangible assets (“EBITA”) decreased 1.3% to $2,206.1 million. Our operating margin increased to 14.2% versus 14.0% for the same period in 2018. Our EBITA margin increased to 14.8% from 14.6% for the same period in 2018. See Annex A for a discussion of EBITA and EBITA margin, which are Non-GAAP measures, and a reconciliation of net income to EBITA.

We generated just over $1.6$1.7 billion of free cash flow.flow during 2019. See Annex A for the definition of free cash flow, which is a Non-GAAP measure, and a reconciliation of free cash flow to net income. In June, we increased our quarterly dividend 10% to $0.55 per share and forFor the year, we returned approximately $1.1more than $1.2 billion of cash to shareholders through dividends and net share repurchases. Our cumulative net income from fiscal years 20072010 to 20162019 totaled $9.9$10.9 billion, during which time our cumulative return of cash to shareholders, including both dividends and net share repurchases, totaled $10.5$11.7 billion for a cumulative payout ratio of 106%108%.

In 2016, revenue increased by 1.9% to $15.4 billion. Organic growth increased revenue $528.1 million or 3.5%, and acquisitions, net of dispositions, increased revenue by $38.2 million or 0.3%, while changes in foreign exchange rates reduced revenue by $283.8 million, or 1.9%, compared to 2015 and as reported in our 2016 Annual Report on Form 10-K (the “2016 10-K”).

Operating profit increased 4.6% to just over $2.0 billion andearnings before interest, taxes and amortization of intangible assets (“EBITA”) increased 4.7% to $2.1 billion. Our operating margin increased 30 basis points and our EBITA margin increased 40 basis points versusFor the full year 2015 results, giving us an operating margin and EBITA margin of 13.0% and 13.8%, respectively, for the year. This expansion reflects the success of our efficiency programs discussed below.(EBITA margin is a non-GAAP financial measure that represents EBITA divided by revenue.) See Annex A for a reconciliation of net income to EBITA.

As we continued to successfully manage and build the Company through a combination of strategic acquisitions and well-focused internal development initiatives, we improved both return on invested capital and return on equity. For 2016,ended December 31, 2019, our return on invested capital increased from 21.5% to 24.3% andwas 29.5%, while our return on equity increased from 41.3% to 49.8%was 49.6%. (returnReturn on invested capital is defined as after tax reportedafter-tax operating profit divided by the average of invested capital at the beginning and the end offor the period (book value(the sum of alltotal debt, long-term liabilities, deferred tax liabilities and short-term interest bearing debt plus shareholders’ equityequity; less cash, cash equivalents and short term investments)short-term investments). See Annex A for the definition of after tax reportedafter-tax operating profit and a reconciliation of after tax reportedafter-tax operating profit to reported operating profit.

We Remained Focused on Delivering Efficiencies through Our Operational Initiatives.

As always, our agencies remain sharply focused on managing their agency cost structures in an efficient manner. We continuedalso continue to challengesee the positive effects of our managementongoing company-wide efforts to manage costs, agency by agency.identify opportunities for improvement and efficiencies across our organization. As part of that process, we strive to ensure each member of our management team is implementing strategies to grow their businesses. On a regional and global basis, the Company iscontinued to make progress on leveraging our scaleinscale in areas such as real estate, information technology, back office services and procurement to be as efficient and effective as possible. Our marginImportantly, we achieved the improvement in 2016 was driven by these regional, globalour margins discussed in greater detail above while continuing to invest in our talent and local initiatives.our analytic capabilities.

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Executive CompensationEXECUTIVE COMPENSATION

We Were Recognized for Our Extraordinary CreativityCreative Talents.

We believe it is our creativity that truly sets us apart, and Effectiveness on Behalfin 2019, the depth and diversity of Our Clients.

In 2016,our talent and the collaboration of our agencies continued to stay on top or ahead offrom around the changesworld generated the creative excellence reflected in our industry, winning an impressive arraya meaningful share of the industry’s recognition awards and business.awards. The following are just a few of the highlights:

At the 2019 Cannes Lions International Festival of Creativity, Omnicom was named Holding Company of the Year for the second year in a row. In addition, all three Omnicom creative networks placed in the top five, with DDB Worldwide as #2, BBDO toppedWorldwide as #4 and TBWA\Worldwide as #5.

Adweeknamed OMD its Global Media Agency of the Gunn Report asYear for the most creative networksecond consecutive year.

ForAd Age’s Agency A-List, both Goodby Silverstein & Partners and OMD wonTBWA\Worldwide were honored in the top five.

For the third year in a row, BBDO Worldwide was named the most awarded media agency network for the 11thThe Drum’s 2019 Big Won rankings, and Omnicom was named most awarded holding company.

At the 2019 One Show Awards, Omnicom was named Creative Holding Company of the Year and DDB Worldwide was named Network of the Year.

In Europe, two of our networks came in the top three for Eurobest 2019. BBDO Worldwide placed in first and DDB Worldwide came in third. In addition, AMV BBDO took the top spot for Agency of the Year and DDB Paris came in second. PHD also won Media Network of the Year for the second year in a row.

For the thirdWARC Creative 100, three of Omnicom’s networks were in the top five: BBDO Worldwide #1 for the 14th consecutive year, adam&eveDDBDDB Worldwide #2 and TBWA\Worldwide #4. This put Omnicom in the #1 spot for holding companies for the second year in a row.

At the 2019 Spikes Asia Festival of Creativity, BBDO Worldwide was crowned Campaign Magazine’snamed Network of the Year for the sixth year in a row and TBWA Worldwide placed third. BBDO Worldwide had two agencies in the top three for APAC Agency of the Year, with Colenso BBDO coming in first and PHD was Global Media Network of the Year.BBDO Pakistan coming in third.

Ad AgeMediaPost named PHD Media AgencyOmnicom Holding Company of the Year adam&eveDDB International Agency offor the Year,second year in a row while BBDO B2B Agency of the Year and DDB’s Alma MulticulturalWorldwide won Agency of the Year.

At the Campaign Asia-Pacific Agency of the Year Awards, TBWA\Hakuhodo, DDB, OMD and BBDO won creative media and digital agencies of the year in Japan, New Zealand and China.

Our ability to innovate was formally recognized in 2016, when Forbes Magazine named Omnicom one of the 100 most innovative companies in the world.

We expanded our global footprint and continued to make selective acquisitions to broaden our capabilities.

We believecontinue to realign and optimize our success has been driven by our consistent focus on organic investment as well as our targeted acquisition strategy.portfolio agencies through acquisitions and dispositions. Some of our notable 2016 investments2019 acquisitions and acquisitionsdispositions are as follows:

In January 2016, DDB TBWA\Worldwide acquired Grupo ABC, the largesta majority interest in De Vloer, an independent creative agency located in Antwerp, Belgium. Founded in 2013, De Vloer is a full-service creative agency offering a range of advertising and marketing communicationsservices. De Vloer will operate as a separate brand within the TBWA\Belgium group, along with TBWA\Brussels.

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Omnicom Precision Marketing Group, our digital and customer relationship management (CRM) specialist group, acquired a majority stake in Brazil. Importantly, ABC has outstanding creative talent that willSmart Digital GmbH. Smart Digital is a leading consulting and marketing technology company with a proprietary AI platform and data capabilities powering real-time customer experiences. Smart Digital's technology is able to recognize users across online digital touchpoints and deliver personalized customer interactions in real-time, resulting in more effective marketing and greater ROI. We believe partnering with Smart Digital is a strong strategic move for Omnicom, as we grow and leverage proprietary tools, like Omni, to strengthen our AI and personalization capabilities, aroundand important for our clients – for whom we'll be better able to deliver powerful end-to-end customer experience solutions. Smart Digital's service portfolio ranges from the world.deployment of real-time personalization and optimization, to data management services and the development of end-to-end digital strategies, to cross-channel marketing.

We formedThe DAS Group of Companies, a division of Omnicom, Healthsold MarketStar to Wasatch Group, Omnicom Public Relations Groupa Utah-based investment company. The sale is the result of Omnicom's continuing evaluation of its portfolio of businesses and a group comprised of our independent advertising agencies. With strong leadership in each of these groups, we can better share expertiseis consistent with its strategic plan and knowledge across management teams, create more career opportunities for our people and better target our internal investments.

In December 2016, BBDO Worldwide acquired Grupo Sancho, the premier marketing communications group in Colombia. Grupo Sancho’s network of agencies already includes many of our leading brands. Sancho-BBDO is a top creative agency in Colombia, our global media networks, OMD and PHD, are also part of Grupo Sancho as is Proximity, our global CRM network. Together with our ownership of DDB Colombia, we now have a fully-managed media operation in the country.investment priorities.

We continued to experience solid organic growth by servicing and expanding our offerings to our existing clients and winning new business. As we grow our geographic footprint, our talent base has continually expanded to serve the increasingly complex needs of a growing number of clients. Our focus on expanding our local presence allowed us to better serve our global clients and gave us accessto local clients that may be the next decade’s biggest brands. As a result of these efforts, we believe we are extremely well positioned to expand our service offerings to our multinational clients, as well as local clients.

Omnicom maintained our commitment to diversity, talent developmentfostering diverse and community.inclusive workplaces.

Our commitment to a diverseattracting, retaining and inclusive workforcedeveloping talent remains our top priority, and we believe this commitment starts at the top with Omnicom’s independent Board of Directors, which includes fiveDirectors. Our Board nominees consist of eight independent directors, with six women and threefour African Americans, including our Lead Independent Director. The diversity of this group was recognized byFortune Magazine, with Omnicom being named one of only six Fortune 500 companies that have more women than men on its Board of Directors. Our diversity in leadership strengthens our governance structure and demonstrates our dedication to onboarding exceptional candidates who bring a wealth of experience and different points of view.

In 2016,addition to building a strong Board, we expanded Omniwomen chaptersremain steadfast on fostering diverse and inclusive workplaces where all employees feel comfortable, confident and supported. While this is a long-standing and continuous effort, we achieved several milestones in North America, Europe and Asia. We also2019. Of note, in May 2019, we launched OPEN Pride, ana new employee resource group that feulstitled OPEN DisAbility + Allies. The launch of this group went hand in hand with our ongoing strategic partnership with the Valuable 500, a global initiative putting disability inclusion on business leadership’s agenda.

Additionally, Omniwomen, our employee resource group (ERG) dedicated to increasing the number and influence of women leaders throughout the Omnicom network, grew to a total of 14 chapters around the world. Similarly, OPEN Pride—our ERG focused on the personal growth, organizational inclusion and business success of Omnicom’s lesbian, gay, bisexual, transgender and transgender (LGBT)queer (LGBTQ) employees and allies.allies—expanded to 11 chapters across the globe, with several others in the works. In 2019, Omnicom was a proud Platinum sponsor for the first-ever, groundbreaking WorldPride celebration in New York City. Working closely with NYC Pride, several Omnicom agencies joined forces to provide branding and PR work for the 2019 celebration, a project that took place over the course of two years.

For these reasons and more, Omnicom achieved a perfect score of 100 percentfor the fourth consecutive year on the Corporate Equality Index(CEI) survey,Index (CEI) administered by the Human Rights Campaign Foundation. This index is a nationally recognized benchmarking tool for corporate inclusive policies, benefits and practices pertinent to LGBT employees, administered by the Human Rights Campaign Foundation. In additionLGBTQ employees. Due to being highly rated, Omnicom has beenour high score, we were designated as one of thea 2020 “Best PlacesPlace to Work for LGBT Equality” byLGBTQ Equality.”

Additionally, in October,The Wall Street Journalreleased its own diversity and inclusion ranking of companies in the HRC Foundation. S&P 500. Omnicom was tied for third place overall and placed first for the Communication Services industry. We were also named to the Forbes 2019 America’s Best Employers List for the fourth straight year and included in the Forbes 2020 list of America’s Best Employers for Diversity.

Our commitment to hiring and developing the best talent is unwavering. As part of that, we continually invest in first-rate professional development opportunities. This includes our management development program, Omnicom University, which was founded in 1995 and celebrated its 25thanniversary in 2019. This prestigious program has grown to offer 12 programs a year on three continents with nearly 5,400 global alumni, and in December 2019, we announced Karen van Bergen as its newest Dean.

Additional information on our diversity efforts is set forth above in the section entitled "Diversity“Diversity and Inclusion."

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Executive CompensationEXECUTIVE COMPENSATION

We believe the depth and diversity of our talent is of paramount importance, so we continually strive to provide an excellent work environment with first-rate professional development opportunities. Since 1995, Omnicom University has focused on leadership programs for our senior managers and our many professional development programs remain committed to investing in our talent - at all levels - in a way that sustains and accelerates our growth.

At last year’s Cannes Lions International Festival of Creativity, we joined our industry peers to launch “Common Ground,” an initiative where we pledged our collective support to the United Nations Sustainable Development Goals (SDGs). Omnicom chose to focus on SDG #4, Education, for our Sustainable Development Goal, as education has been the core of Omnicom since our beginning.

Compensation Decisions Reflect Performance

COMPENSATION DECISIONS REFLECT PERFORMANCE

These and other 20162019 achievements were a direct result of the leadership of our named executive officers, or “NEOs”, and other senior executives and provide significant context for the Compensation Committee’s pay-for-performance approach and key 20162019 compensation decisions. Our NEOs for fiscal year 20162019 were:

John D. Wren, PresidentChairman and Chief Executive Officer

Philip J. Angelastro, Executive Vice President and Chief Financial Officer

Dennis E. Hewitt, Treasurer

Jonathan B. Nelson, Chief Executive Officer, Omnicom Digital

Michael J. O’Brien, SeniorExecutive Vice President, General Counsel and Secretary

Rochelle M. Tarlowe, Senior Vice President and Treasurer

Omnicom strives to link closely link executive compensation to performance by making a significant portion of potential compensation variable, as well as long-term performance driven. The more senior the executive, the lower his or her base pay will be as a proportion of his or her entire compensation package and the higher histhe executive’s incentive-based and long-term retention components will be as a proportion of his or her entire compensation package. We believe this approach is aligned with shareholder interest and the long-term interests of the Company. For each NEO,all NEOs, the majority of histheir total compensation was variable and based on performance. With respect to our Chief Executive Officer, 96%CEO, 95% of his 20162019 compensation was variable and based on performance and 43%41% is also contingent upon the future performance of the Company.long-term Company performance.

20162019 CEO Compensation

2016 CEO COMPENSATION MIX


2019 CEO Compensation Mix

The process by which incentive compensation awards were determined for performance in fiscal 2016,year 2019, and the manner in which they were paid, aligns with our pay-for-performance objectives. A key component of our executive compensation program is a performance-based bonus (an “Incentive Award”) awarded pursuant to Omnicom’s Senior Management IncentivePlanIncentive Plan (the “Incentive Award Plan”). The Incentive Award that each named executive officerNEO earned in 20162019 was primarily derived from a pre-set formula incorporating a combination of the following quantitative and qualitative performance metrics:

Omnicom’s annual financial performance against annual performance targets established by the Compensation Committee;

and

Omnicom’s annual financial performance against that of an industry peer group established by the Compensation Committee; and

Individual performance evaluated by looking at how each NEO’s personal performance contributed to advancing Omnicom’s business objectives.

Committee.

The Incentive Award earned by each NEO under the Incentive Award Plan for performance in 2016 is payable at the discretion of the Compensation Committee in cash and/or equity-based awards.

For Messrs. Wren and Angelastro, a significant portion of the Incentive Award is further subject to the future performance of the Company over a three-year period in the form of performance restricted stock units (PRSUs). The Compensation Committee believes that the use of PRSUs with the vesting provisions described below enhances the executive’s focus on the Company’s long-term performance while discouraging imprudent risk-taking.

For Messrs. Hewitt, Nelson and O’Brien, the Compensation Committee paid a portion of the Incentive Award in restricted stock units (RSUs). One-fifth of each award of RSUs is eligible to vest after each of the first five anniversaries of the grant date and each RSU represents the right to receive one share of our common stock upon vesting. The RSUs are further described below.

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Last Year’s Say on Pay Vote and Shareholder Engagement

LAST YEAR’S SAY ON PAY VOTE AND SHAREHOLDER ENGAGEMENT

The Compensation Committee believes that our executive compensation program aligns with performance, reflects our business philosophy and utilizes competitive practices regarding executive compensation in a highly competitive industry. At our 20162019 Annual Meeting of Shareholders, the Company held its sixth annual advisory vote to approve executive compensation (a “say-on-pay proposal”). Over 89%91% of the votes cast on the say-on-pay proposal at that meeting were voted in favor of our 20162018 executive compensation program. The Compensation Committee believes this vote, in combination with direct feedback from our shareholders, affirms shareholders’ support of the Company’s approach to executive compensation. Omnicom’s strong performance in fiscal year 20162019 and our many creative, strategic and operational accomplishments reinforce the Compensation Committee’s view that our executive compensation program is achieving its long-term objectives, and the Compensation Committee made no significant changes to the program during the year in response to last year’s say on pay“say-on-pay” vote. The Compensation Committee will continue to consider the outcome of the Company’s say-on-pay votes and feedback received directly from our shareholders when making future compensation decisions for the named executive officers.NEOs.

At our 2016 Annual Meeting our executive
compensation program was supported by over
89%
of votes cast.

During the last year, we reached out to shareholders representing more than two-thirds68% of our outstanding shares. We engaged with every shareholder who accepted our invitation to talk in a continued effort to foster a successful shareholder outreach program. Executive compensation was one of many topics included in our discussion with shareholders and shareholder feedback is shared with the Compensation Committee, as appropriate, as well as with the full Board.

Compensation Committee Report

The Compensation Committee, which is comprised solely of independent members of the Board, has reviewed the “Compensation Discussion and Analysis” and discussed the analysis with management. Based on its review and discussions with management, the Compensation Committee recommended to the Board that the “Compensation Discussion and Analysis” be included in this Proxy Statement and incorporated by reference in Omnicom’s 2019 10-K filed with the SEC on February 11, 2020.

Members of the Compensation Committee
Susan S. Denison,Chair
Alan R. Batkin
Mary C. Choksi
Leonard S. Coleman, Jr.
Linda Johnson Rice

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Compensation Discussion & Analysis

OBJECTIVES

Compensation Decision Process

The Compensation Committee annually reviews and approves the compensation of the named executive officers.NEOs. To aid the Compensation Committee in making its compensation determinations, the Chief Executive Officer annually reviews the performance of each other named executive officerNEO by evaluating the performance factors described in this Compensation Discussion and Analysis and presents his conclusions and recommendations to the CompensationCommittee.Compensation Committee. The Compensation Committee considers the Chief Executive Officer’s recommendations, but ultimately exercises its own discretion.makes the final decision as to compensation determinations. With respect to 20162019 compensation, the Compensation Committee did not deviate materially from our Chief Executive Officer’s recommendations. Additional detail regarding the process used to set executive compensation targets, evaluate performance and determine payouts is provided in the below diagram.

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Compensation Decision Process:
Step-By-Step


Process for Determination of our Executive CompensationCompensation: Step-By-Step

STEP
1
Step 1
Base Salary

Compensation Committee sets base salaries – Mr. Wren’s salary last increased 1417 years ago

               
Step STEP
2
Setting Performance
Measures

Setting Performance Measures
Compensation Committee sets quantitativemetrics and qualitativequantitative performance measures for meriting an Incentive Award

with both short-term (cash bonus) and long-term components (PRSU/RSU)
STEP
3
Step 3
Determining Multipliers Based on
Performance Range

Compensation Committee ascribes a range of predetermined multipliers based on the range of Omnicom performance with respect to each performance measure

STEP
4
Step 4
Setting Target and Maximum
Incentive Award Dollar Amounts

Compensation Committee sets maximum and target Incentive Award dollar amounts

STEP
5
Step 5
Calculation of Incentive Award

Compensation Committee reviews Omnicom and peer group and individual performance and calculates weighted score for each metric and final earned Incentive Award dollar amounts

Step 6
Discretion Exercised

STEP
6
Adjustments Determined
Compensation Committee exercises negative or positive discretion, ifconsiders individual performance and any other factors deemed appropriate in order to determine whether to make adjustments to the calculated Incentive Award dollar amounts and approves final Incentive Award dollar amounts

STEP 7
Allocation between Cash/Equity

STEP
7
Allocation between Cash/Equity
Compensation Committee determines allocation of Incentive Award between cash and equity

STEP 8
CEO/CFO Three-Year Performance
Restricted Stock Awards That
Vest in 2020

STEP
8
Allocate Portion of Incentive Award into Three-Year Performance Restricted Stock Unit Award That Is Eligible To Vest in 2023
For CEO/CFO, the Compensation Committee awardsallocated a portion of each Incentive Award into PRSUs that are subject to further performance conditions over a three-year PRSUsperiod from 2020 to CEO2022, and CFO thatare eligible to vest in 2020

2023
STEP 9
Restricted Stock Units to Other
NEO’s

STEP
9
Allocate Portion of Incentive Award into an Award of Time-Based Restricted Stock Units (“RSUs”) to Other NEOs
For Messrs. Nelson and O’Brien, the Compensation Committee awardsallocated a portion of each Incentive Award into an Award of RSUs to NEOs other than CEO and CFO that vest over a five-year period


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Compensation Decision Process: Step-by-StepEXECUTIVE COMPENSATION

Market-Competitive Compensation

Because of the competitive nature of our business, the loss of key executives to competitors is a significant risk and Omnicom’s paramount concern is to attract and retain the highest-caliber executive team to ensure that Omnicom is managed in the most effective possible manner. The Compensation Committee directly retains the services of Frederic W. Cook & Co. (“Cook & Co.”), an independent third-party compensation consulting firm, for input on a range of external market factors, including evolving compensation trends, and market-standard compensation levels and elements. Cook & Co. reports directly and exclusively to the Compensation Committee. Cook & Co. only provides compensation consulting services to the Compensation Committee, and works with Omnicom’s management only on matters for which the Compensation Committee is responsible. Moreover, Cook & Co. does not perform any other services for, or receive any other fees from, the Company or any of its subsidiaries other than in connection with its work for the Compensation Committee. Cook & Co.stated that it holds no Omnicom stock and the Compensation Committee believes the services Cook & Co. provides for the Company do not raise any conflicts of interest.

The Compensation Committee consults with Cook & Co. to obtain general observations on the Company’s compensation programs from which the Compensation Committee determines the target range of total compensation for executives. Though Cook & Co. provides general observations on the Company’s compensation programs, it does not determine or recommend specific amounts or forms of compensation for the named executive officers. Although the data provided by Cook & Co. influenced the Compensation Committee’s review and analysis, such data did not have a material impact on the Compensation Committee’s determination of the levels and elements of our executive compensation. The peer group the Compensation Committee reviewed consisted of companies of comparable size and operational complexity. The group, which was unchanged from 2015, was comprised of the following companies:

AccentureComputer Sciences Corp.Time Warner Cable
Automatic Data ProcessingDISH NetworkTime Warner Inc.
CablevisionInterpublic Group of Companies   Viacom
CBSThomson ReutersWPP plcELEMENTS OF OMNICOM COMPENSATION AND FISCAL YEAR 2019 DECISIONS

Elements of Omnicom Compensation and Fiscal Year 2016 Decisions

For Messrs. Wren and Angelastro, our principal components of pay are a base salary and an Incentive Award based on 20162019 performance, which is comprised of both a cash award and an award of PRSUs, which is further subject tocontingent upon the futurelong-term performance of the Company.

For Messrs. Hewitt, Nelson and O’Brien, our principal components of pay are a base salary and an Incentive Award based on 20162019 performance, which is comprised of both a cash award and an award of RSUs that vest ratably over a five-year period.

Ms. Tarlowe did not participate in the Incentive Award Plan due to the fact that she joined Omnicom in May 2019 and, in connection with her commencement of employment with Omnicom, received a one-time cash bonus award and separate restricted stock unit award pursuant to her offer letter. The principal components of Ms. Tarlowe’s pay for 2019 were a base salary, the awards described in the prior sentence and a discretionary cash bonus in recognition for her contribution to advancing Omnicom’s business strategy and long-term performance. Each of these components of compensation is reflected in the Summary Compensation Table on page 58 and the Grant of Plan Based Awards Table on page 59, as applicable.

Although each named executive officer isNEOs, other than Ms. Tarlowe, are eligible to receive an Incentive Award if histheir achievements so merit, the granting of an Incentive Award to any named executive officerNEO is entirely at the discretionelection of the Compensation Committee. The CompensationCommitteeCompensation Committee may choose not to award an Incentive Award to a named executive officerNEO or to adjust the amount of the Incentive Award that results from the application of the quantitative and qualitative measures described in this Compensation Discussion & Analysis, in each case in light of all factors deemed relevant by the Compensation Committee. In addition, to the extent achievement of the performance criteria may be impacted by changes in accounting principles and extraordinary, unusual or infrequently occurring events reported in Omnicom’s public filings, the Compensation Committee exercises its judgment whether to reflect or exclude their impact.

Each of these components and the manner in which decisions for 20162019 were made for each NEO are more fully discussed in the sections that follow.

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Compensation Decision Process: Step-by-Step

STEP
1

Base Salary


Compensation Committee sets base salaries – Mr. Wren’s salary last increased 1417 years ago

                
NEO Base Salaries:   
John Wren
     President and Chief Executive Officer
     $1,000,000
Philip Angelastro
     Executive Vice President and Chief Financial Officer
$850,000
Dennis Hewitt
     Treasurer
$395,000
Jonathan Nelson
     Chief Executive Officer, Omnicom Digital
$850,000
Michael O’Brien
     Senior Vice President, General Counsel and Secretary
$700,000

NEO Base Salaries:     
John Wren
Chairman and Chief Executive Officer$1,000,000
Philip Angelastro
Executive Vice President and Chief Financial Officer$850,000
Jonathan Nelson
Chief Executive Officer, Omnicom Digital$850,000
Michael O’Brien
Executive Vice President, General Counsel and Secretary$700,000
Rochelle Tarlowe
Senior Vice President and Treasurer$425,000

The objective of base salary is to provide a portion of compensation to the named executive officerNEO that is not “at risk” like incentive bonuses or equity awards, and is generally unaffected by fluctuations in company performance or the market in general. The base salaries for the named executive officersNEOs are determined by the Compensation Committee and, in the case of the President and Chief Executive Officer, ratified by the full Board.Committee.

Adjustments in base salary for named executive officersNEOs are discretionarynot automatic or formulaic, and are ultimately made by the Compensation Committee in the exercise of its business judgment. Base salary adjustments are generally considered no more frequently than every 24 months. In addition to Mr. Wren, Mr. O’Brien has not had an increase in base salary in 1417 years. Prior to the increase he received in 2014 upon his appointment to Executive Vice President and Chief Financial Officer, Mr. Angelastro had

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EXECUTIVE COMPENSATION

has not had an increase in base salary in nine10 years and his base salary has not increased further since his appointment. Ms. Tarlowe was named Senior Vice President and Treasurer in May 2019. The base salary disclosed in the above chart is Ms. Tarlowe’s annual base salary. Her pro-rated annual base salary earned in 2019, as shown in the Summary Compensation Table below, was $283,333.

Omnicom considers a number of factors when determining whether to make base salary adjustments, which factors may include advice from our compensation consultant, the general knowledge of our Chief Executive Officer and Compensation Committee of base salaries paid to similarly positioned executives, salaries paid historically, tax and accounting changes that may affect the Company, as well as personal performance as assessed by the Compensation Committee and the Chief Executive Officer. No formulaic base salary adjustments are provided to the named executive officers.NEOs.

Based on our Chief Executive Officer and the Compensation Committee’s general knowledge of base salaries paid to similarly positioned executives at companies of comparable size and profitability, review of data provided by Cook & Co., and the Compensation Committee’s emphasis on performance-based compensation, no NEO’s base salary was adjusted in 2016.2019.

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Compensation Decision Process: Step-by-Step

Performance-Based Compensation Awards

As discussed above, under the Incentive Award Plan, eligible executive officers may subject to Compensation Committee oversight and discretion (or in the case of the President and Chief Executive Officer, subject to Board input and ratification), receive an Incentive Award.Award, except as the Compensation Committee may otherwise determine in the exercise of its business judgment.

The following table summarizes the combination of quantitative and qualitative performance measures the Compensation Committee considered for the Incentive Awards awarded in fiscal 2016,year 2019, which is the basis for both the cash and equity-based portions of the Incentive Award awarded each of which is discussed in greater detail below:

Determination of Incentive Award:

(Short-term Cash Portion and Long-term Equity Portion)

STEP
2

Setting Performance Measures
Measures

Compensation Committee sets quantitativemetrics and qualitativequantitative performance measures for meriting an Incentive Award

with both short-term (cash bonus) and long-term components (PRSU/RSU)
                

ComponentWeightingWeightingPerformance MeasuresRationale for Selection of Performance Metric

Performance Metric
(OMC Targets)


40%
Diluted EPS growth (33.3%)
Measures Company’s profitability
EBITA margin (33.3%)
Measures Company’s profitability
Measure intended to focus the Company on operating at sustainable, profitable levels
Organic growth (33.3%)
Measures ability to drive revenue growth from existing operations, exclusive of acquisitions, dispositions and currency effects

Peer Metric
(Performance Relative
to Peers)


40%

ROEReturn on equity (40%)
Comprehensive means to evaluate various financial metrics and directly tied to the return to our common shareholders over time
Organic growth (20%)
Measures ability to drive revenue growth from existing operations, exclusive of acquisitions, dispositions and currency effects
Operating profit margin (20%)
Measure intended to focus the Company on operating at sustainable, profitable levels
Organic growth plus operating profit margin (20%)
Measure designed to balance the contribution of each of these important metrics

Qualitative Metric


20%

Assessment of core “pillars” that serve as the foundation of our business strategy, as described below

Assessment of each executive’s individual performance

We believe our goals are meaningful and challenging, the achievement of which is designed to drive shareholder value.

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STEP
3

Determining Multipliers
Based on Performance Range
Range

Compensation Committee ascribes a range of predetermined multipliers based on the range of Omnicom performance with respect to each performance measure

                

PERFORMANCE METRIC (FINANCIAL PERFORMANCE VS. ANNUAL COMPANY TARGET) – 50% OF TARGET INCENTIVE AWARD

Performance Metric (Financial Performance vs. Annual Company Target) – 40% of Target Incentive Award
Performance Measure     Weight     Performance Range     Performance Multiplier
Diluted EPS Growth33⅓33%7.0%4.0% - 8%6.0%0.0 – 2.0
EBITA Margin33⅓33%13.3%14.1% - 13.7%14.7%0.0 – 2.0
Organic Growth33⅓33%2.5%2.3% - 3.5%3.7%0.0 – 2.0

The “Performance Metric” is based on Omnicom’s financial performance as compared to annual Company targets. The Compensation Committee considered the following performance measures for fiscal year 2016,2019, with each measure weighted as indicated:

fully-dilutedFully diluted earnings per share growth (Diluted EPS) growth (33.3%)

earnings before interest, taxes and amortization (EBITA) margin (33.3%)

organic growth (33.3%)

Performance Metric
(50% of Target Incentive Award)

Organic growth is total revenue growth less the change in revenue attributable to changes in foreign exchange rates and the revenue from businesses acquired net of the revenue from businesses that were disposed. A predetermined multiplier of between 00.0 and 2.0 (the “Performance Multiplier”) was ascribed based on the range of Omnicom performance with respect to each performance measure as shown above. The Performance Multiplier is applied to each metric’s weighting within the category based on the results achieved to arrive at a weighted score (the “Performance Weighted Score”).

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PEER METRIC (FINANCIAL PERFORMANCE VS. INDUSTRY PEER GROUP) – 50% OF TARGET INCENTIVE AWARD

Peer Metric (Financial Performance vs. Industry Peer Group) – 40% of Target Incentive Award
Performance Measure     WeightRank     Peer Multiplier
ROEReturn On Equity40%40%1-40.4 – 2.0
Organic Growth20%20%1-40.4 – 2.0
Operating Profit Margin20%20%1-40.4 – 2.0
Organic Growth + Operating Profit Margin20%20%1-40.4 – 2.0

The “Peer Metric” is based on Omnicom’s financial performance as compared to an industry peer group. The Compensation Committee considered the following performance measures for fiscal year 20162019 as compared to that of an industry peer group, which included WPP plc, Publicis Groupe SA and The Interpublic Group of Companies, Inc. (the “Peer Metric Group”), with each measure weighted as indicated:

return on equity (ROE) (40%)

organic growth (20%)

operating profit margin (20%)

organic growth plus operating profit margin (20%)

A predetermined multiplier of between 0.4 and 2.0 (the “Peer Multiplier”) was ascribed based on Omnicom’s ranking relative to the Peer Metric Group for each metric. The Peer Multiplier was applied to each metric’s weighting within the category based on the results achieved to arrive at a weighted score (the “Peer Weighted Score”).

STEP
4

Setting Target and
Maximum Incentive
Award Dollar Amounts
Amounts

Compensation Committee sets maximum and target Incentive Award dollar amounts

                
Name of ExecutiveThresholdTargetMaximum     Threshold     Target     Maximum
John Wren$0$18,920,000$37,840,000          $0$18,920,000$37,840,000
Philip Angelastro$0$3,763,000$7,526,000$0$5,350,000$10,700,000
Dennis Hewitt$0$800,000$1,600,000
Jonathan Nelson$0$2,150,000$4,300,000$0$2,750,000$5,500,000
Michael O’Brien$0$1,774,000$3,548,000$0$2,125,000$4,250,000

For performance in fiscal year 2016,2019, we established a maximum incentive compensation level and a target incentive compensation level set at a percentage of the maximum incentive compensation level, which are shown above and in the “Grant“Grants of Plan-Based Awards in 2016”2019” table. As described above,below, the Compensation Committee generally consults withitswith its compensation consultant to determine the range of total compensation for similarly positioned executives at our peer group companies. The Compensation Committee takes the information provided in the compensation consultant report into consideration when determining the Incentive Award rangetarget (consisting of both the cash and equity-based portion, as described below) for our named executive officers.NEOs.

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STEP
5

Calculation of
Incentive Award


Compensation Committee reviews Omnicom and its peer group and individual performance and calculates weighted score for each metric and final earned Incentive Award dollar amounts

                

CALCULATION OF METRICS RESULTS – COMPANY TARGETS

The tables below describe earned Incentive Awards based on 2019 performance, which are the basis for both the cash and equity-based portions of the Incentive Award awarded as shown in the Summary Compensation Table on page 58 below. When calculating our Diluted EPS Growth performance metric, we made certain adjustments to decrease 2018 Net Income and 2018 Diluted EPS used in the calculation by $18.2 million and $0.08, respectively. These adjustments relate to a net gain on disposition of subsidiaries and repositioning charges, after the allocated share to noncontrolling interests, and additional income tax expense from the finalization of the provisional estimate of the effect of the Tax Cuts and Jobs Act. As further described in our Annual Report on Form 10-K for the year ended December 31, 2019, these unusual items affected our 2018 results but did not affect 2019. See Annex A for the “Calculation of Net Income used for Diluted EPS Growth.”

     

Target Range and 2019 Performance

     

Performance
Multiplier
     Relative
Weight
     Weighted
Score

Diluted EPS growth

                  

1.400

33.3%

0.467

EBITA margin

  2.00033.3%0.667

Organic growth

  0.80033.3%0.267

Total

  1.400

Performance Weighted Score of 1.400 x metric weighting of 50%

70%

CALCULATION OF METRICS RESULTS – COMPANY PERFORMANCE VS. INDUSTRY PEER GROUP

     2019
Performance
     Peer Metric
Group Rank
     Weight     Peer
Multiplier
     Weighted
Score
Return On Equity49.6%140%2.000.800
Organic Growth2.8%220%1.500.300
Operating Profit Margin14.2%120%2.000.400
Organic Growth + Operating Profit Margin17.0%120%2.000.400
Total1.900
Peer Weighted Score of 1.900 x metric weighting of 50%95%

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Fiscal Year 2019 Calculation of Earned Compensation

Name     Target Incentive
Compensation
     Performance
Weighted
Score
     Peer
Weighted
Score
     Combined
Score
     Total Incentive
Award Earned
John Wren   $18,920,00070%95%165.0%$31,218,000
Philip Angelastro$5,350,00070%95%165.0%$8,828,000
Jonathan Nelson$2,750,00070%95%165.0%$4,538,000
Michael O’Brien$2,125,00070%95%165.0%$3,506,000

STEP
6
Adjustments Determined
Compensation Committee considers the following qualitative factors regarding each eligible NEO’s 2019 performance and the additional considerations described below to determine whether to make adjustments to the calculated Incentive Award dollar amounts and approves final Incentive Award dollar amounts
 
Company Targets Performance Metric Calculation
     
 Target Range and
2016 Performance
Performance
Multiplier
Relative
Weight
Weighted
Score
Diluted EPS growth

2.00033.3%0.667
EBITA margin2.00033.3%0.667
Organic growth1.50033.3%0.500
 1.833
Performance Weighted Score of 1.833 x metric weighting of 40%73.3%

 
Company Performance vs. Industry Peer Group Peer Metric Calculation
      
2016
Performance
Peer Metric
Group Rank
WeightPeer
Multiplier
Weighted
Score
ROE49.8%140%2.000.800
Organic growth3.5%220%1.500.300
Operating Profit margin13.0%220%1.500.300
Organic growth + Operating Profit margin16.5%220%1.500.300
 1.700
Peer Weighted Score of 1.700 x metric weighting of 40%68.0%

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Compensation Decision Process: Step-by-Step

Qualitative Metric Determinations — (20% of Target Incentive Award)

The Qualitative Metric is based on NEO individual performance. To assess 2016 individual performance, the Compensation Committee, with the assistance of Omnicom’s PresidentChairman and Chief Executive Officer, looked to determine how each named executive officereligible NEO contributed to advancing the core “pillars” that serve as the foundation of our business strategy: providing best in class services to clients, maximizing efficiencies and minimizing risk through enterprise-wide initiatives and achieving the highest levels of corporate values and integrity.

(1)1.Best in Class Client Services. We achieve this goal by securing the finest available talent in the right disciplines, and deploying that talent in the right places across the globe. The Compensation Committee looks to the role a named executive officerNEO has played in developing our personnel and our client and discipline base. With respect to each, the Compensation Committee reviews an executive’s role, as applicable, in:
Personnel development
Providing management development and succession planning
Recruiting and retaining key and diverse talent
Training and educating personnel
Client development
Retaining clients/business
Expanding the depth and breadth of our core clients
Developing new client relationships
Services development
Developing the quality and breadth of our key services
Expanding our global presence in the right places
Planning acquisitions and divestitures
Receiving honors and awards for creative excellence and customer service
(2)2.Enterprise-wide initiatives to maximize efficiencies and minimize risk. Next, our finance and operations team strives to maximize efficiencies and minimize risk through enterprise-wide initiatives that create a high return on invested capital. The Compensation Committee reviews each executive’s involvement in key business management issues such as cash management, business planning, Enterprise Risk Management, information technology initiatives/consolidation, developing and streamlining financial reporting operations and working capital management.
(3)3.Corporate values and integrity. Finally, Omnicom’s leadership strives to achieve the highest levels of corporate values and integrity. The Compensation Committee considers how each executive contributed to Omnicom’s substantial efforts to maximize diversity and inclusion, to achieve the highest levels of corporate social responsibility, including a commitment to environmental and individual community outreach initiatives, and to maintain a professional work-place environment.

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Qualitative Metric: Fiscal Year 2016 DeterminationsTable of Contents

To assess 2016 individual performance, theEXECUTIVE COMPENSATION

Adjustments: Qualitative Factors

The Compensation Committee, with the assistance of Omnicom’s PresidentChairman and Chief Executive Officer for NEOs other than himself, looked toconsidered the following contributions of each eligible NEO toward advancing our business strategy.strategy in determining whether to adjust the calculated Incentive Awards.

John D. Wren.Under Mr. Wren’s leadership, Omnicom has grown into one of the world’s largest and most respected advertising and marketing communications firms. As part of the original management team that created Omnicom in 1986 and as the Company’s chief executive officer since 1997, he has been the architect of a complex strategy that has positioned Omnicom to serve the global marketing requirements of the world’s most sophisticated marketers. He has championed the creation of unique virtual client networks across Omnicom agencies, geographies and disciplines to meet the needs of global clients. He was early to envision the potential of digital technologies, leading the Company’s early investment in and development of digital technologies and capabilities across each of Omnicom’s agencies and he continuedcontinues to drive our strategy to leverage our digital and analytical capabilities and utilize new mediums and technology platforms. He has also been instrumental in leading the Company’s efforts to extend and deepen Omnicom’s capabilities in rapidly growing markets and new service areas to meet the needs of clients’ global marketing efforts. Throughout this evolution of the Company, Mr. Wren has ensured that Omnicom agencies and networks have continued to build on their strong legacy of creative excellence. Today, Omnicom’s networks and agencies are regarded as the industry’s most creative, as measured by their share of global awards for creative excellence.

The strategies implemented by Mr. Wren drove solid financial growth during 2016.is responsible for the organizational changes and strategic investments Omnicom has been implementing over the past few years. As a result of his insight into the changing needs of our clients and to better capture the expanded scope of our services, Mr. Wren’s emphasis on expandingWren developed and executed the creation of our practice areas to bring together agencies operating in common disciplines to create additional custom client relationships, as well as his direct leadership role with manysolutions. We now have Practice Areas established for Healthcare, Public Relations, Precision Marketing and CRM, National Brand Advertising, Experiential, Specialty Marketing, Brand and Consulting, and our global advertising agency networks. He also led the efforts to simplify our service offerings through our key client matrix organization structure, our client-centric business model requiring multiple agencies within Omnicom to collaborate in formal and informal virtual client networks. The demands of the Company’s largest global clients, again resulted in strong organic revenue growth. Such growth, along with Mr. Wren’s focus on improving operating efficiencies, through initiatives to leverage Omnicom's scale in areas such as real estate, information technology, back-office services and procurement, while maintaining key investments in both our talentconsumers and new service areas resultedtechnologies are pushing agencies to work faster. Our new organizational structure is designed to deliver more innovation, ideas and growth in a year-over-year increase innimble and flexible fashion so we can adjust quickly as our return on invested capital from 21.5% to 24.3% and return on equity from 41.3% to 49.8%.

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Compensation Decision Process: Step-by-Stepclients’ needs change.

Mr. Wren developed the Company’s acquisition strategy and identified and invested in high-performing businesses, including those in rapidly growing markets; these initiatives will enable the Company to meet the future marketing requirements of its global clients more effectively. Additionally, he has also long been instrumental in identifying, attracting, retaining and developing highly skilled key executives and is deeply committed to disseminating best practices across Omnicom through industry-leading advanced education initiatives such as Omnicom University.

The strategies designed and implemented by Mr. Wren not only delivered solid financial results, but also positioned Omnicom to better respond to its clients’ future business needs. Mr. Wren’s emphasis on expanding client relationships, as well as his direct leadership role with many of the Company’s largest global clients, again resulted in organic revenue growth. Such growth, along with Mr. Wren’s focus on improving operating efficiencies through initiatives to leverage Omnicom’s scale in areas such as real estate, information technology, back-office services and procurement, while maintaining key investments in both our talent and new service areas resulted in a return on invested capital of 29.5%, and return on equity of 49.6%.

Under Mr. Wren’s leadership in 2016,2019, Omnicom’s balance sheet and liquidity remained strong and the Company returned a significant amount of capital to our shareholders, including approximately $1.1 billion in dividends and share repurchases, net of proceeds from stock plans.Overplans. Over the past ten years under Mr. Wren’s leadership, the Company has returned over 100%108% of its cumulative net income to Omnicom shareholders in the form of dividends and share repurchases. Since becoming Chief Executive Officer, Mr. Wren has built and led a management team under whose stewardship Omnicom has averaged an annual return on equity of greater than25%than 25%.

Philip J. Angelastro.Mr. Angelastro provided key leadership and financial management for our Company. He managed the Company’s capital and liquidity, oversaw the management of risk and the strengthening of the Company’s balance sheet. He also supervised the enhancement of Omnicom’s financial planning and analysis process and helped to drive initiatives to leverage Omnicom'sOmnicom’s scale in areas such as real estate, information technology, back-office services and procurement. Working with Mr. Wren and our senior network management teams, Mr. Angelastro continued to improve our working capital management programs, an important effort in maintaining Omnicom’s overall financial performance. Mr. Angelastro

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EXECUTIVE COMPENSATION

prioritized the development of the skills of our finance and operating personnel and implemented programs for their ongoing professional development. He oversaw the Company’s efforts in the areas of corporate ethics, enterprise risk management and global corporate social responsibility. In addition, during 2016,2019, Mr. Angelastro continued to oversee the Company’s financial reporting function as well as its efforts to define and implement accounting policies and procedures for all Omnicom companies. Mr. Angelastro also managedcontinued to oversee Omnicom’s global income tax function, its Sarbanes Oxley compliance activities, as well as its U.S. health and welfare and retirement plans.

Dennis E. Hewitt.Mr. Hewitt successfully supported the Chief Financial Officer in developing and maintaining our overall capital structure, which includes public debt offerings, revolving credit facilities, commercial paper program, bank lines of credit and leasing programs and stock repurchase activities. He successfully oversaw (i) global property and casualty insurance programs and related insurance activities; (ii) capital expenditure planning and administration of related leasing activity; (iii) management of global working capital performance, including credit management; and (iv) training and professional development. Mr. Hewitt led his department’s efforts to provide global liquidity with interconnected regional treasury centers that fund operating units and daily cash requirements. He also had responsibility for managing the Company’s foreign exchange exposure and derivatives. He has coordinated global corporate social responsibility projects involving financial employees through Omnicom Cares. Mr. Hewitt also played a key role in developing global information technology programs to provide straight-through processing and paperless solutions.

Jonathan Nelson.As CEO of Omnicom Digital, Mr. Nelson oversees Omnicom’s digital strategy, one of our fastest growing capabilities. A veteran of Omnicom since 2002, last year Mr. Nelson continued to spearhead the integration of digital capabilities across Omnicom’s portfolio companies. He also successfully led the continued global development of our data, analytics and content management platforms, digital services, technical and data partnerships, and search and programmatic media capabilities. Mr. Nelson also takes a leading role in the recruitment of talent for our digital services and in mergers and acquisitions in the digital landscape. Mr. Nelson is widely recognized as an industry thought leader, appearing in print in The New York Times, USA Today, Forbes, Newsweek, and Ad Week and on television on CNN, CNBC, and MSNBC.

Michael J. O’Brien.Mr. O’Brien successfully led the Company’s worldwide legal team, managed legal services provided to the Company, and monitored the Company’s compliance with all applicable laws, rules and regulations around the world. He played a lead role in setting priorities and agendas for the Company’s Board of Directors and its committees, providing them with advice on corporate governance developments and best practices, as well as legal risks and requirements. Herequirements.He continued to oversee the implementation of several important corporate governance initiatives, including our comprehensive shareholder engagement efforts through which we have reached out to more than 60% of our shareholders in each of the results of which proved successful at our 2016 Annual Meeting of Shareholders.past four years, with Mr. O’Brien directly engaging with shareholders. Mr. O’Brien was also instrumental to the implementation of initiatives to expand our Company’s diversity programs and increase diversity throughout the Company. He oversaw the Company’s corporate social responsibility efforts in the area of diversity and inclusion, as well as corporate governance and human capital management. Mr. O’Brien played a key role in (i) structuring, implementing and managing compensation and benefits programs; (ii) protecting the Company’s intellectual property; (iii) overseeing legal aspects of the Company’s acquisition and financing activities; and (iv) managing the governance of the Company’s many legal entities. In addition, Mr. O’Brien managed the Company’s litigation matters and developed effective litigation strategies.

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Compensation Decision Process: Step-by-Step

Fiscal Year 2016 Calculation of Earned Compensation
Name   Target
Incentive
Compensation
   Performance
Weighted Score
   Peer Weighted
Score
   Qualitative
Score
   Combined
Score
   Total
Incentive
Award Earned
John Wren     $18,920,000                  73.3%               68.0%         20.0%       161.3%     $30,524,000
Philip Angelastro$3,763,00073.3%68.0%20.0%161.3%$6,070,000
Dennis Hewitt$800,00073.3%68.0%20.0%161.3%$1,291,000
Jonathan Nelson$2,150,00073.3%68.0%20.0%161.3%$3,470,000
Michael O’Brien$1,774,00073.3%68.0%20.0%161.3%$2,862,000

STEP 6
Discretion Exercised

Compensation Committee exercises negative or positive discretion, if any, and approves final Incentive Award dollar amounts

Name     Total Incentive
Award Earned
     Discretion     
Total Final
Incentive Award
John Wren       $30,524,000$(5,724,000)         $24,800,000
Philip Angelastro$6,070,000$1,130,000$7,200,000
Dennis Hewitt$1,291,000$(391,000)$900,000
Jonathan Nelson$3,470,000$3,470,000
Michael O’Brien$2,862,000$2,862,000

TheWhile the Compensation Committee may chooserecognizes the contribution of each eligible NEO, the Committee, pursuant to adjustMr. Wren’s recommendation, agreed that it was prudent to reduce the amount of the Incentive Award that results from the application of the quantitative and qualitative measures described above, in each case in light of all factors deemed relevant by the Compensation Committee. Pursuant to Mr. Wren’s recommendation, the Compensation Committee agreed that it was prudent for the Committee to exercise discretion to reduce the amount of Mr. Wren’s Incentive AwardAwards as shown below in order to reallocate the funds to the general incentive compensation pool. The Committee also exercised discretionpool to reducebe reallocated to other employees.

Name     Total Incentive
Award Earned
     Adjustment     Total Final
Incentive Award
John Wren$31,218,000($12,518,000)    $18,700,000
Philip Angelastro$8,828,000($2,128,000)$6,700,000
Jonathan Nelson$4,538,000($38,000)$4,500,000
Michael O’Brien$3,506,000($106,000)$3,400,000

While the amountof Mr. Hewitt’s Incentive Award as a resultcash portion of the reallocationIncentive Awards have historically been paid to eligible NEOs in April of dutieseach year, in Omnicom’s Treasury Department. In light of Mr. Angelastro’s successful efforts in executing initiatives to leverage Omnicom's scale in areas such as real estate, information technology, back-office services and procurement,the COVID-19 pandemic, on the recommendation of our CEO, the Compensation Committee and managementhas agreed that it was prudentthe cash portion of the Incentive Awards for the Compensation Committee to exercise discretion to increase his incentive compensation award.2019 will be paid at a later date during 2020.

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Compensation Decision Process: Step-by-StepEXECUTIVE COMPENSATION

STEP
7

Allocation between
Cash/Equity


Compensation Committee determines allocation of Incentive Award between cash and equity

                
Name     
Total Final
Incentive Award
     Cash Portion     Dollar Value of
Equity Portion
     Total Final
Incentive Award
    Cash Portion    Dollar Value of
Equity Portion
John Wren          $24,800,000    $13,640,000        $11,160,000   $18,700,000$10,625,000   $8,075,000
Philip Angelastro$7,200,000$3,600,000$3,600,000$6,700,000$3,350,000$3,350,000
Dennis Hewitt$900,000$450,000$450,000
Jonathan Nelson$3,470,000$2,000,000$1,470,000$4,500,000$2,050,000$2,450,000
Michael O’Brien$2,862,000$1,431,000$1,431,000$3,400,000$1,550,000$1,850,000

The Incentive Award earned by each eligible NEO, is payable at the discretionelection of the Compensation Committee in cash and/or equity-based awards. It is Omnicom’s philosophy that its named executive officersNEOs should be rewarded based upon Omnicom’s financial performance as well as each executive’s contribution to advancing Omnicom’s business strategy and our long termlong-term performance. The Committee believes that grants of equity awards serve to align the interests of the shareholders with those of the named executive officersNEOs by incentivizing the named executive officersNEOs toward the creation and preservation of long-term shareholder value. In addition, our equity award agreements contain restrictive covenants that are intended to protect our business in the event of an executive’s departure.

As shown above, a portion of Messrs. Wren and Angelastro’s Incentive Award waswill be paid in cash and a portion waswill be paid in PRSUs, which arewill be eligible to vest in 20202023 based on the future performance of the Company compared to our Peer Metric Group. A portion of the Incentive Award paidpayable to each other NEO wasMessrs. Nelson and O’Brien will be paid in cash and a portion waswill be paid in RSUs, which will vest ratably over a five-year period. These equity awards are further described in the remaining steps.

STEP
8
CEO/CFO

Allocate Portion of Incentive Award into Three-Year
Performance Restricted
Stock AwardsUnit Award That
Is Eligible To Vest in 2023
For CEO and CFO, the Compensation Committee allocated a portion of each Incentive Award into PRSUs that are subject to further performance conditions over a three-year period from 2020

to 2022, and is eligible to vest in 2023
           

Compensation Committee awards three-year PRSUs to CEO and CFO that vest in 2020

                
Name     Maximum Potential
Value of 2020 PRSUs on
the Grant Date
     Number of 2020 PRSUs Awarded
(Dollar Value Divided by
Closing Price on Grant Date)
     Maximum Potential Value
of 2023 PRSUs on the
Grant Date
John Wren                       $11,160,000131,387                 $8,075,000
Philip Angelastro$3,600,00042,383$3,350,000

TheWhile initial performance metrics determined the number of PRSUs awardedgranted to Messrs. Wren and Angelastro, are subjectthere is yet another performance test performed three years later with respect to further performance conditionsthe same award that establishes the percentage of the Company by tyingaward that the percentage that are earned over a three-year period toexecutive will ultimately realize. This subsequent test compares the Company’s return on equity comparedfor a three-year period (2020 to 2022) to that of our Peer Metric Group.TheGroup. The Compensation Committee believes return on equity provides a consistent and comprehensive measure to assess Omnicom’s relative performance. The Compensation Committee believes using return on equity as the single performance measure

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Compensation Decision Process: Step-by-Step

achieves clear and simple peer group comparison, and serves as a comprehensive means to evaluate various financial metrics. In addition, return on equity is a measure directly tied to the return to our common shareholders over the long term.

The maximum number of PRSUs that each NEO is eligible to receive under this award is equal to the dollar value of the portion of the 20162019 Incentive Award paid in PRSUs, as set forth above and in the Summary Compensation Table below,on page 58, divided by the closing price of our common stock on March 17, 2017, the date on which the PRSUs were awarded ($84.94).are granted.

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PRSUs are designed to reward individual contributions to the Company’s performance as well as motivate future contributions and decisions aimed at increasing shareholder value over time. In 2020,2023, our average return on equity over calendar years 2017, 20182020, 2021 and 20192022 will be compared to the average return on equity for each member of the Peer Metric Group for the same three-year period and Omnicom’s rank amongst these competitors will be determined. The following chart shows (i) the percentage of the maximum number of PRSUs that Messrs. Wren and Angelastro will receive upon vesting in 2020 depending on Omnicom’s relative rank and (ii) the dollar value of those shares assuming the closing price of our common stock on March 17, 2017, the date the PRSUs were awarded ($84.94).awarded. The ultimate value received by the NEO will depend on the vesting of the awards and the value of our common stock.

Metrics for 2020 Vesting of PRSUs
Omnicom Rank vs.
Peer Metric Group
(ROE for 2017-2019)
  Percentage of
PRSUs Vesting
  CEO: Number of
Shares Received
Based on
Performance
  CEO: Value
at Grant Date of
Shares Received
Based on
Performance
  CFO: Number of
Shares Received
Based on
Performance
  

CFO: Value
at Grant Date of
Shares Received
Based on
Performance

1-2100%131,387$11,160,00042,383$3,600,000
367%87,591$7,440,00028,256$2,400,000
434%43,796$3,720,00014,127$1,200,000

Metrics for 2023 Vesting of PRSUs

Omnicom Rank vs.
Peer Metric Group
(ROE for 2020-2022)
     Percentage
of PRSUs
Vesting
     CEO: Value at Grant
Date of Shares
Received Based on
Performance
     CFO: Value at Grant
Date of Shares
Received Based on
Performance
1-2100%$8,075,000$3,350,000
367%$5,383,333$2,233,333
434%$2,691,667$1,116,667

In the event Mr. Wren or Mr. Angelastro terminates employment on or prior to December 31, 2019,2022, he will remain eligible to vest in one-third of the maximum number of PRSUs for each December 31st he is employed between March 17, 2017the grant date and December 31, 20192022 and such shares will be distributed in 20202023 based on Omnicom’s relative return on equity performance. Dividend equivalents will be reserved on the maximum number of PRSUs to which the executive is entitled at such times as dividends are paid to shareholders of Omnicom. At the time the PRSUs vest, the dividend equivalent payments that have accumulated will be paid in cash. Vesting of the PRSUs and distribution of shares underlying the PRSUs will be accelerated in the event of death or termination due to disability. In addition, if the PRSUs are not assumed or substituted by an acquirer in a change in control, then they will become fully vested and non-forfeitable.

Messrs. Wren and Angelastro are required to retain a certain amount of Company’s equity/stock as described in “Other Arrangements,“Executive Compensation Related Practices, Policies and Practices Related to OurGuidelines – Executive Compensation Program –ShareStock Ownership Guidelines.”

STEP
9
Restricted Stock
Units

Allocate Portion of Incentive Award into an Award of Time-Based RSUs to Other NEO’s

NEOs
For Messrs. Nelson and O’Brien, the Compensation Committee allocated a portion of each Incentive Award into an award of RSUs that vest over a five-year period
           

Compensation Committee awards RSUs to NEOs other than CEO and CFO that vest over five-year period

                
     Maximum Potential
Value of RSUs on the
Grant Date (vest ratably
from 2018-2022)
     Number of RSUs
Awarded (Dollar Value
Divided by Closing Price
on Grant Date)
Dennis Hewitt                       $450,0005,300
Jonathan Nelson$1,470,00017,305
Michael O’Brien$1,431,00016,845

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Maximum Potential
Value of RSUs on the
Grant Date (vest ratably
from 2020-2024)
Jonathan Nelson$2,450,000
Michael O’Brien$1,850,000

The Compensation Committee paid a portion of the Incentive Award for performance in 20162019 in RSUs for Messrs. Hewitt, Nelson and O’Brien. The maximum number of RSUs that each is eligible to receive under this award is equal to the dollar value of the portion of the 20162019 Incentive Award paid in RSUs divided by the closing price of our common stock on March 17, 2017, the date on which the RSUs were awarded ($84.94).are granted.

The Compensation Committee believes that service-based vesting of the RSUs is an important motivator to reward continued performance. One-fifth of each award of RSUs iswill be eligible to vest after each of the firstratably over five anniversaries of the grant dateyears and each RSU represents the right to receive one share of our common stock upon vesting. Vesting of the RSUs and distribution of shares underlying the RSUs will be accelerated in the event of death or termination due to disability. In addition, if the RSUs are not assumed or substituted by an acquirer in a change in control, then they will become fully vested and non-forfeitable.

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OTHER EXECUTIVE COMPENSATION ARRANGEMENTS

SERCR Plan and Executive Salary Continuation Plan Agreements.Omnicom has entered into Award Agreements with Messrs. Wren and Angelastro pursuant to the Senior Executive Restrictive Covenant and Retention Plan, which was adopted in December 2006 (the “SERCR Plan”) and an Executive Salary Continuation Plan Agreement with Mr. Nelson. These arrangements are discussed in greater detail in the section below entitled “Potential Payments Upon Termination of Employment or Change in Control.”

Participation in the SERCR Plan was determined to be offered by the Compensation Committee based on the value of the benefit provided to Omnicom through the restrictive covenants contained in the SERCR Plan, as a retention mechanism to seek to secure the services of the participants by providing post-employment benefits, subject to a minimum period of employment and based on the Compensation Committee’s analysis of the future financial impact of various termination payout scenarios on each of these recipients and on Omnicom. In making the decision to extend these benefits, the Compensation Committee relied on the advice of its independent compensation consultant, FW Cook., that the program is representative of market practice, both in terms of design and cost.

Amounts payable to Mr. Nelson under his Executive Salary Continuation Plan Agreement are based on past company practice and are in consideration for the covenants to consult and not to compete during the service period of the agreement. The Compensation Committee believes that these benefits are essential in helping Omnicom fulfill its objectives of attracting and retaining key executive talent.

Deferred Restricted Stock and Restricted Stock Unit Plans.Each of our NEOs was previously eligible to defer, at his or her election, some or all of the shares of restricted stock and restricted stock units that otherwise would have vested in a given year. No NEO made such an election in 2019. Balance and payment information with respect to prior elections is reflected in the Nonqualified Deferred Compensation Table in 2019 on page 61 below. Omnicom pays participants an amount equal to the cash dividends that would have been paid on the shares or units in the absence of a deferral election, subject to the participant’s employment with Omnicom on the record date of such dividends.

Retirement Savings Plan.Omnicom sponsors the Omnicom Group Retirement Savings Plan, which is a tax-qualified defined contribution plan. All employees who meet the Plan’s eligibility requirements may elect to participate in the 401(k) feature of the Plan and may also receive a discretionary company profit sharing contribution after the end of the Plan year based on the Plan’s provisions.

Insurance.In 2019, Omnicom paid employer premiums for life insurance for Messrs. Wren and O’Brien.

Other perquisites.We procure aircraft usage from an unrelated third-party vendor. In some instances, Omnicom makes available to the NEOs personal use of corporate aircraft hours. The dollar amount reported in the Summary Compensation Table for personal use of aircraft hours reflects the aggregate incremental cost to Omnicom, based on payments we make which are equal to the vendor’s hourly charge for such use and landing fees, minus the amount Omnicom is reimbursed by the executive for his or her use on the aircraft. Each executive reimburses Omnicom for at least the amount calculated based on the Standard Industry Fare Level (SIFL) tables prescribed under IRS regulations promptly after the cost of the flight is incurred. Additional perquisites and benefits are set forth in the notes to the Summary Compensation Table for 2019 on page 58.

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EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION RELATED PRACTICES, POLICIES AND GUIDELINES

Role of the Independent Compensation Consultant.Because of the competitive nature of our business, the loss of key executives to competitors is a significant risk and Omnicom’s paramount concern is to attract and retain the highest-caliber executive team to ensure that Omnicom is managed in the most effective possible manner. The Compensation Committee directly retains the services of FW Cook, an independent third-party compensation consulting firm, for input on a range of external market factors, including evolving compensation trends, and market-standard compensation levels and elements. FW Cook & reports directly and exclusively to the Compensation Committee. FW Cook only provides compensation consulting services to the Compensation Committee, and works with Omnicom’s management only on matters for which the Compensation Committee is responsible. Moreover, FW Cook does not perform any other services for, or receive any other fees from, the Company or any of its subsidiaries other than in connection with its work for the Compensation Committee. FW Cook stated that it holds no Omnicom stock and the Compensation Committee believes the services FW Cook provides for the Company do not raise any conflicts of interest.

Market-Competitive Compensation.The Compensation Committee periodically consults with FW Cook to obtain general observations on the Company’s compensation programs from which the Compensation Committee determines the target range of total compensation for executives. Though FW Cook provides general observations on the Company’s compensation programs, it does not determine or recommend specific amounts or forms of compensation for the NEOs. Although the data provided by FW Cook influenced the Compensation Committee’s review and analysis, such data did not have a material impact on the Compensation Committee’s determination of the levels and elements of our executive compensation. The peer group the Compensation Committee reviewed consisted of companies of comparable size and operational complexity. The group was unchanged from last year, except that (i) this year’s group reflects the merger of CBS Corporation and Viacom Inc. in 2019 and (ii) Time Warner, which was acquired by AT&T in 2018, was removed from the peer group. The group was comprised of the following companies for 2019:

Accenture plc
Automatic Data Processing, Inc.
Cognizant Technology Solutions Corporation
DISH Network Corporation
DXC Technology Company
Interpublic Group of Companies
Nielson Holdings plc
Thomson Reuters Corporation
ViacomCBS
WPP plc

Accounting and Tax Considerations

IRC SECTION 162(m)

Prior to the passage of the Tax Act, Section 162(m) of the Internal Revenue Code (the “Code”) generally limited to $1 million the U.S. federal income tax deductibility of compensation paid in one year to a corporation’s Chief Executive Officer and certain other executive officers. Compensation Related Policiesthat qualified as “performance-based” under Section 162(m) of the Code was exempt from this $1 million limitation. As part of the Tax Act, the ability to rely on this “qualified performance-based compensation” exception was eliminated, and Guidelinesthe limitation on deductibility was generally expanded to include all NEOs. Although the Compensation Committee historically structured our compensation arrangements in a manner intended to qualify for this exception, subject to certain transition relief rules, we may no longer take a deduction for any compensation paid to our covered employees in excess of $1 million. The Compensation Committee believes that the tax deduction is only one of several relevant considerations in setting compensation and shareholder interests are best served by not restricting the Compensation Committee’s discretion and flexibility in structuring compensation programs, even though such programs may result in non-deductible compensation expenses. Accordingly, the Compensation Committee has approved compensation amounts for our executive officers that were not fully deductible because of Section 162(m) of the Code and, in light of the repeal of the performance-based compensation exception to Section 162(m), expects in the future to approve compensation that is not deductible for federal income tax purposes in order to achieve the desired flexibility in the design and delivery of compensation.

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ACCOUNTING FOR SHARE-BASED COMPENSATION

Omnicom accounts for share-based compensation including its RSUs in accordance with ASC Topic 718, Compensation — Stock Compensation.

Risk Assessment in Compensation Programs

We have assessed the Company’s compensation programs and have concluded that our compensation policies and practices do not create risks that are reasonably likely to have a material adverse effect on the Company. FW Cook was previously retained by the Compensation Committee to assist Omnicom’s management in reviewing our executive and broad-based compensation and benefits programs on a worldwide basis to determine if the programs’ provisions and operations are likely to create undesired or unintentional risk of a material nature. This risk assessment process included a review of program policies and practices; analysis to identify risk and risk control related to the programs; and determinations as to the sufficiency of risk identification, and the balance of potential risk to potential reward. Although we reviewed all compensation programs, we focused on the programs with variability of payout, with the ability of a participant to affect directly payout and the controls on participant action and payout.

Based on the foregoing and the fact that, since FW Cook assisted the Company in its review, we believe no subsequent change in the Company’s compensation programs creates risks reasonably likely to have a material adverse effect on the Company, we believe that our compensation policies and practices do not create inappropriate or unintended significant risk to the Company as a whole. We also believe that our incentive compensation arrangements provide incentives that do not encourage risk-taking beyond the organization’s ability to effectively identify and manage significant risks; are compatible with effective internal controls and our risk management practices; and are supported by the oversight and administration of the Compensation Committee with regard to executive compensation programs.

Policies

The following table briefly summarizes the policies and guidelines Omnicom has adopted over the years to strengthen our pay practices, each of which is discussed in greater detail below:

Policy/Guidelines

Summary

Executive Stock Ownership
Guidelines

The guidelines that require our PresidentChairman and Chief Executive Officer and Chief Financial Officer to hold shares of Omnicom common stock with a value equal to the specified multiples of base salary indicated below.

Compensation Forfeiture/
Clawback Policy

Policy provides that in the event a material restatement of our financial statements is caused by a fraudulent or intentionally illegal act of one of our officers, the Clawback Committeea committee of non-management members of our Board (the “Clawback Committee”) may recover a portion of the annual performance-based cash bonus paid and any performance-based equity awards granted to such officer with respect to the period covered by the restatement.

Equity Compensation Policy

Policy regarding the grant of equity awards covering topics such as approval requirements, grant date and establishing exercise price.

Policy Regarding Death
Benefits

Policy provides that shareholder approval is required for any future compensation arrangements, with certain exceptions, that would require the Company to make payments or awards following the death of an NEO in the form of unearned salary or bonuses, accelerated vesting or the continuation in force of unvested equity grants, awards of ungranted equity or perquisites.

Policy Statement Regarding
Hedging

Policy statement regarding hedging, which provides, in general, that no director, NEO or network CEO may purchase any financial instrument designed to hedge or offset any decrease in the market value of equity securities of the Company.

Policy Statement Prohibiting Pledging
and Margin Transactions

Policy statement regarding pledging and margin transactions, which provides, in general that no director or executive officer may engage in margin transactions with Omnicom equity securities, borrow against any account in which Omnicom equity securities are held, or pledge Omnicom equity securities as collateral for a loan.


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Executive Stock Ownership Guidelines.We have adopted Executive Stock Ownership Guidelines that require our PresidentChairman and Chief Executive Officer and Chief Financial Officer to hold shares of Omnicom common stock with a value equal to the specified multiples of base salary indicated below. TheseguidelinesThese guidelines ensure that they build and maintain a long-term ownership stake in Omnicom’s stock that will align their financial interests with the interests of the Company’s shareholders. The applicable guidelines for Messrs. Wren and Angelastro are as follows:

Position of Executive OfficerOwnership Target

PresidentChairman and Chief Executive Officer of Omnicom

6 xAnnual Base Salary

Chief Financial Officer of Omnicom

3 xAnnual Base Salary

The guidelines were adopted in the first quarter of 2010 and the executives have five years from the date of the adoption of the guidelines or from the date of their appointment to attain the ownership levels. For purposes of the guidelines, the value of an executive’s stock ownership includes all shares of the Company’s common stock owned by the executive outright (inclusive of unvested equity awards such as restricted shares or units and PRSUs) or held in trust for the executive and his or her immediate family, plus the executive’s vested deferred stock and allocated shares of the Company’s common stock in employee plans. As of December 31, 2016,2019, both Messrs. Wren and Angelastro were in compliance with the guidelines.

Compensation Forfeiture/Clawback Policy.Our Board has adopted an Executive Compensation Clawback Policy covering compensation paid with respect to any period beginning on or after January 1, 2010, to certain of our officers, including our named executive officers.NEOs. Under this policy, in the event a material restatement of our financial statements is caused by a fraudulent or intentionally illegal act of one of our officers, the non-management members of the ExecutiveClawback Committee of our Board (the “Clawback Committee”) will review the annual performance-based cash bonus paid and any performance-based equity awards granted to such officer with respect to the period covered by the restatement. If the Clawback Committee

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determines that the amount of such awards would have been lower had they been determined based on such restated financial statements, it may seek to recover the after-tax portion of the difference, including, with respect to equity awards, any gain realized on the sale of any such shares.

Equity Compensation Policy.Omnicom has adopted a policy regarding grants of equity awards, which provides, among other things, that grants of equity awards to non-employee members of the Board shall be approved by the full Board and any other grants must be approved by the Compensation Committee. With limited exception, the grant date of any equity award will be the date of the Board or Committee meeting at which the award is approved and the exercise price, if applicable, will be no less than the closing price of Omnicom’s common stock on such date.

Policy Regarding Death Benefits.On February 10, 2011, Omnicom’s Board of Directors adopted a policy regarding death benefits, which provides, among other things, that shareholder approval is required for any future compensation arrangements that would require the Company to make payments, grants or awards following the death of a named executive officerNEO in the form of unearned salary or bonuses, accelerated vesting or the continuation in force of unvested equity grants, awards of ungranted equity or perquisites. The policy would not apply to payments, grants or awards of the sort offered to other Company employees and does not apply to arrangements existing at the time the policy was adopted.

Policy Statement Regarding Hedging.In February 2013, Omnicom’s Board of Directors adopted a policy statement regarding hedging, which provides in general, that no director, NEO or network chief executive officer may purchase any security whose value derives from an Omnicom equity security (including any prepaid variable forward contracts, equity swaps, collars or direct or indirect interests in any exchange fund with 10% or greater exposure to Omnicom) or any similar financial instrument that is designed to hedge or offset any decrease in the market value of Omnicom equity securities of the Company.

Other Arrangements and Practices Related to Our Executive Compensation Programsecurities.

SERCR PlanPolicy Statement Regarding Pledging and Executive Salary Continuation Plan Agreements.Margin Transactions.In October, 2019, Omnicom’s Board of Directors adopted a policy statement regarding pledging and margin transactions. The policy provides that no director or executive officer may purchase an Omnicom has entered into Award Agreements with Messrs. Wrenequity security on margin or hold Omnicom equity securities in a margin account. In addition, the policy prohibits directors and Angelastro pursuant to the Senior Executive Restrictive Covenant and Retention Plan, which was adopted in December 2006 (the “SERCR Plan”) and Executive Salary Continuation Plan Agreements with Messrs. Hewitt and Nelson. These arrangements are discussed in greater detail in the section below entitled “Potential Payments Upon Termination of Employment or Change in Control.”

Participation in the SERCR Plan was determined to be offered by the Compensation Committee based on the value of the benefit provided to Omnicom through the restrictive covenants contained in the SERCR Plan, as a retention mechanism to seek to secure the services of the participants by providing post-employment benefits, subject to a minimum period of employment and based on the Compensation Committee’s analysis of the future financial impact of various termination payout scenarios on each of these recipients and on Omnicom. In making the decision to extend these benefits, the Compensation Committee relied on the advice of its independent compensation consultant, Cook & Co., that the program is representative of market practice, both in terms of design and cost.

Amounts payable to each of Messrs. Hewitt and Nelson under his Executive Salary Continuation Plan Agreement are based on past company practice and are in consideration for the covenants to consult and not to compete during the service period of the agreement. The Compensation Committee believes that these benefits are essential in helping Omnicom fulfill its objectives of attracting and retaining key executive talent.

Deferred Restricted Stock and Restricted Stock Unit Plans.Each of our named executive officers was previously eligible to defer, at his election, somefrom borrowing against any account in which Omnicom equity securities are held, or allpledging Omnicom equity securities as collateral for a margin loan or any other loan. The policy does not prohibit the cashless exercise of the shares of restricted stock and restricted stock unitsoptions under our 2013 Plan. Any transaction that otherwise would have vested in a given year. No NEO made such an election in 2016. Balance and payment informationmay violate this policy must be pre-cleared with respect to prior elections is reflected in the Nonqualified Deferred Compensation Table on page 51 below. Omnicom pays participants an amount equal to the cash dividends that would have been paid on the shares or units in the absence of a deferral election, subject to the participant’s employment with Omnicom on the record date of such dividends.Omnicom’s General Counsel.

Benefits and Perquisites

Retirement Savings Plan.Omnicom sponsors the Omnicom Group Retirement Savings Plan, which is a tax-qualified defined contribution plan. All employees who meet the Plan’s eligibility requirements may elect to participate in the 401(k) feature of the Plan and may also receive a discretionary company profit sharing contribution after the end of the Plan year based on the Plan’s provisions.

Insurance.In 2016, Omnicom paid employer premiums for life insurance for Messrs. Wren, Hewitt and O’Brien.

Other perquisites.We procure aircraft usage from an unrelated third-party vendor. In some instances, Omnicom makes available to the named executive officers personal useof corporate aircraft hours. The dollar amount reported in the Summary Compensation Table for personal use of aircraft hours reflects the aggregate incremental cost to Omnicom, based on payments we make which are equal to the vendor’s hourly charge for such use and landing fees, minus the amount Omnicom is reimbursed by the executive for his use on the aircraft. Each executive reimburses Omnicom for at least the amount calculated based on the Standard Industry Fare Level (SIFL) tables prescribed under IRS regulations promptly after the cost of the flight is incurred. Additional perquisites and benefits are set forth in the notes to the Summary Compensation Table for 2016 on page 48.

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Accounting and Tax Considerations

IRC Section 162(m)

Section 162(m) limits the tax deduction for compensation in excess of $1 million paid in any one year to a corporation's Chief Executive Officer and certain other executive officers unless the compensation is “qualified performance-based compensation.” Payments of bonuses will constitute “qualified performance-based compensation” under the provisions of Section 162(m) if payable on account of the attainment of one or more pre-established, objective performance goals and if certain requirements are met. Omnicom’s Incentive Award Plan and Omnicom Group Inc. 2013 Incentive Award Plan (the “2013 Plan”) were each approved by our shareholders pursuant to the requirements of Section 162(m) and Omnicom typically intends for awards earned under these plans to qualify for tax deduction. However, the Compensation Committee reserves the right to pay Omnicom’s employees, including participants in the Incentive Award Plan, other amounts which may or may not be deductible under Section 162(m) or other provisions of the Internal Revenue Code.

The Compensation Committee considers the anticipated tax treatment to Omnicom in its review and establishment of compensation programs and awards. The Compensation Committee intends to continue to consider the deductibility of compensation as a factor in assessing whether a particular arrangement is appropriate given the goals of maintaining a competitive executive compensation system generally, motivating executives to achieve corporate performance objectives and increasing shareholder value.

Accounting for Share-Based Compensation

Omnicom accounts for share-based compensation including its RSUs in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“ASC Topic 718”), Compensation — Stock Compensation.

Risk Assessment in Compensation Programs

We have assessed the Company’s compensation programs and have concluded that our compensation policies and practices do not create risks that are reasonably likely to have a material adverse effect on the Company. Cook & Co., was previously retained by the Compensation Committee to assist Omnicom’s management in reviewing our executive and broad-based compensation and benefits programs on a worldwide basis to determine if the programs’ provisions and operations are likely to create undesired or unintentional risk of a material nature. This risk assessment process included a review of program policies and practices; analysis to identify risk and risk control related to the programs; and determinations as to the sufficiency of risk identification, and the balance of potential risk to potential reward. Although we reviewed all compensation programs, we focused on the programs with variability of payout, with the ability of a participant to directly affect payout and the controls on participant action and payout.

Based on the foregoing and the fact that, since Cook & Co. assisted the Company in its review, we believe no subsequent change in the Company’s compensation programs creates risks reasonably likely to have a material adverse effect on the Company, we believe that our compensation policies and practices do not create inappropriate or unintended significant risk to the Company as a whole. We also believe that our incentive compensation arrangements provide incentives that do not encourage risk-taking beyond the organization’s ability to effectively identify and manage significant risks; are compatible with effective internal controls and our risk management practices; and are supported by the oversight and administration of the Compensation Committee with regard to executive compensation programs.

Compensation Committee Report

The Compensation Committee, which is comprised solely of independent members of the Board, has reviewed the “Compensation Discussion and Analysis” and discussed the analysis with management. Based on its review and discussions with management, the Compensation Committee recommended to the Board that the “Compensation Discussion and Analysis” be included in this Proxy Statement and incorporated by reference in Omnicom’s 2016 10-K filed with the SEC on February 9, 2017.

Members of the Compensation Committee
Susan S. Denison, Chairman
Alan R. Batkin
Mary C. Choksi
Leonard S. Coleman, Jr.
Michael A. Henning
EXECUTIVE COMPENSATION

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Summary Compensation Table for 20162019

 Non-Equity Incentive Plan Compensation
($) (1)
 Incentive Award
Name and Principal
Position of Executive
Year  Salary ($)  Bonus
($) (2)
  Cash
Portion
  Max. Potential Value
of Equity Portion
at Grant Date
  All Other
Compensation
($) (5)
  Total ($)
 PRSUs (3)  RSUs (4)
John D. Wren
     President and Chief
     Executive Officer
2016$1,000,000$13,640,000$11,160,000      $179,039$25,979,039
2015$1,000,000$12,320,000$10,080,000$176,047$23,576,047
2014$1,000,000$12,595,000$10,305,000$114,697$24,014,697
Philip J. Angelastro
     Executive Vice
     President and Chief
     Financial Officer
2016$850,000$1,130,000$2,470,000$3,600,000$15,150$8,065,150
2015$850,000$2,695,000$2,695,000$15,150$6,255,150
2014$513,542$1,745,377$504,623$2,250,000$15,000$5,028,542
Dennis E. Hewitt
     Treasurer
2016$395,000$450,000$450,000$32,138$1,327,138
2015$395,000$450,000$450,000$30,989$1,325,989
2014$395,000$475,000$475,000$29,777$1,374,777
Jonathan B. Nelson
     Chief Executive
     Officer,
     Omnicom Digital
2016$850,000$2,000,000$1,470,000$7,950$4,327,950
2015$850,000$2,000,000$1,080,000$7,950$3,937,950
2014$770,833$68,700$1,751,300$780,000$12,800$3,383,633
Michael J. O’Brien
     Senior Vice
     President, General

     Counsel and
     Secretary
2016$700,000$1,431,000$1,431,000$11,291$3,573,291
2015$700,000$1,225,000$1,225,000$11,007$3,161,007
2014$700,000$536,565$513,435$1,050,000$10,598$2,810,598
  
Non-Equity Incentive Plan
Compensation ($)(3)
Incentive Award
Name and Principal
Position of Executive
 Year  Salary
($)
  Bonus
($)(1)
Stock
Awards
($)(2)
Cash
Portion
  Max. Potential Value of
Long-Term Equity
Portion at
Grant Date
All Other
Compensation
($)(6)
Total
($)
    PRSUs(4)  RSUs(5)    
John D. Wren
Chairman and Chief
Executive Officer
2019$1,000,000$10,625,000$8,075,000      $118,780$19,818,780
2018$1,000,000$12,500,000$10,300,000$145,128$23,945,128
2017$1,000,000$12,540,000$10,260,000$159,325$23,959,325
Philip J. Angelastro
Executive VP and
Chief
Financial Officer
2019$850,000$3,350,000$3,350,000$15,600$7,565,600
2018$850,000$3,450,000$3,450,000$15,450$7,765,450
2017$850,000$3,200,000$3,200,000$15,300$7,265,300
Jonathan B. Nelson
Chief Executive
Officer, Omnicom
Digital
2019$850,000$2,050,000$2,450,000$13,400$5,363,400
2018$850,000$2,050,000$2,050,000$8,250$4,958,250
2017$850,000$1,870,000$1,870,000$8,100$4,598,100
Michael J. O’Brien
Executive VP,
General Counsel
and Secretary
2019$700,000$1,550,000$1,850,000$12,972$4,112,972
2018$700,000$1,550,000$1,550,000$17,295$3,817,295
2017$700,000$1,330,000$1,330,000$11,774$3,371,774
Rochelle M. Tarlowe
Senior VP
and Treasurer
2019$283,333$400,000$449,917$1,133,250

While the cash portion of the Incentive Awards have historically been paid to eligible NEOs in April of each year, in light of the COVID-19 pandemic, on the recommendation of our CEO, the Compensation Committee has agreed that the cash portion of the Incentive Awards for 2019 will be paid at a later date during 2020.

(1)Represents (i) a $100,000 cash bonus in connection with becoming an employee pursuant to Ms. Tarlowe’s offer letter dated March 22, 2019, negotiated as consideration for unvested equity awards that Ms. Tarlowe forfeited from her previous employer; and (ii) a $300,000 discretionary cash bonus for her contribution to advancing Omnicom’s business strategy and long-term performance in 2019.
(2)Represents the grant date fair value of a one-time award of restricted stock units that vest pro-rata over five years, pursuant to Ms. Tarlowe’s offer letter dated March 22, 2019. This amount has been computed in accordance with ASC Topic 718. For a discussion of the assumptions used to calculate the fair value of stock awards, refer to notes 2 and 10 to the consolidated financial statements contained in our 2019 10-K. This award was also negotiated as consideration for unvested equity awards that Ms. Tarlowe forfeited from her previous employer.
(3)All amounts reported are amounts paid or payable pursuant to Omnicom’s Incentive Award Plan.
(2)The amount shown represents the discretionary bonus awarded by the Compensation Committee that was in excess of the Incentive Award amount.
(3)(4)The PRSU portion of the Incentive Award reported above is equal to the dollar value of the portion of the award that the Compensation Committee, in its discretion,as permitted under the Incentive Award Plan, elected to pay in PRSUs. While initial performance metrics determined the number of PRSUs granted to Messrs. Wren and Angelastro, there is yet another performance test performed three years later with respect to the same award that establishes the percentage of the award that the executive will ultimately realize. As further described above in the section entitled “Executive Compensation: Compensation“Compensation Discussion and Analysis”, vesting ofAnalysis,” this subsequent test compares the PRSUs is contingent upon the future performance of the Company overCompany’s return on equity for a three-year period compared(2020 to 2022) to that of our industry Peer Metric Group. The amount reported represents the maximum amount that may be paid with respect to the PRSUs, determined using the value of the underlying common stock on the date of the award. The ultimate value received by the NEO will depend on the number of PRSUs that are ultimately realized and vest and the valueshare price of the underlying common stock on the date of vesting.
(4)(5)The RSU portion of the Incentive Award reported above is equal to the dollar value of the portion of the award that the Compensation Committee, in its discretion,as permitted under this Incentive Award Plan, elected to pay in RSUs. As further described above in the section entitled “Executive Compensation: Compensation“Compensation Discussion and Analysis”,Analysis,” the RSUs vest ratably over a five-year period. The amount reported represents the maximum amount that may be paid with respect to the RSUs, determined using the value of the underlying common stock on the date of the award. The ultimate value received by the NEO will depend on the number of RSUs that ultimately vest and the valueshare price of the underlying common stock on the date of vesting.

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(6)All Other Compensation consists of each of the following:
Perquisites
With respect to each NEO, All Other Compensation includes perquisites and other personal benefits, which are valued based on the aggregate incremental cost to Omnicom.
The total perquisites and other personal benefits include: for Mr. Wren, personal use of aircraft hours ($150,617)82,421), an auto allowance ($9,120) and, a medical allowance ($4,000) and an award pursuant to Company policy for long-term service ($5,000); for Mr. Angelastro an auto allowance ($7,200); and for Mr. Hewitt,Nelson an auto allowanceaward pursuant to Company policy for long-term service ($7,200) and a medical allowance ($4,000)5,000).
Employer contributions to one or more retirement savings plans: for Mr. Wren ($7,950)8,400), Mr. Angelastro ($7,950), Mr. Hewitt ($7,950)8,400), Mr. Nelson ($7,950)8,400) and Mr. O’Brien ($7,950)8,400).
Employer premium payments for life insurance: for Mr. Wren ($7,352), Mr. Hewitt ($12,988)9,839) and Mr. O’Brien ($3,341)4,572).

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Grants of Plan-Based Awards in 20162019

The below table provides information about equity and non-equity awards granted to the named executive officersNEOs with respect to 2016.2019.

Estimated Possible Payouts Under
Non-Equity Incentive Plan Awards (1)
 

Estimated Future Payouts Under
Non-Equity Incentive Plan Awards
(1)
All Other
Stock Awards:
Number of
Shares of Stock
or Units
(#)
    Grant Date
Fair Value
of Stock and
Option Awards
($)(2)
Name of Executive     Threshold
($)
     Target
($)
     Maximum
($)
    Grant Date    Threshold
($)
    Target
($)
    Maximum
($)
    
John Wren          $0$18,920,000$37,840,000        $0$18,920,000$37,840,00000
Philip Angelastro$0$3,763,000$7,526,000$0$5,350,000$10,700,00000
Dennis Hewitt$0$800,000$1,600,000
Jonathan Nelson$0$2,150,000$4,300,000$0$2,750,000$5,500,00000
Michael O’Brien$0$1,774,000$3,548,000$0$2,125,000$4,250,00000
Rochelle Tarlowe07/01/20195,385      $449,917
(1)These columns show the potential value of the payout for each named executive officerNEO under our Incentive Award Plan at threshold, target and maximum levels. The potential payouts were performance-driven and therefore entirely at risk. The business measurements and performance criteria for determining the payout are described in the section entitled “Compensation Discussion and Analysis” on page 27.43. Awards paid or payable for performance in 2016,2019, which include both a short-term cash component and a long-term equity component that is also contingent upon future performance, are reflected in the Summary Compensation Table for 20162019 on page 48.58.
(2)The reported dollar value was calculated by multiplying the number of shares subject to the award by the closing price on the grant date ($83.55). The RSUs vest ratably over a five-year period. This award was negotiated as consideration for unvested equity awards that Ms. Tarlowe forfeited from her previous employer.

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Outstanding Equity Awards at 20162019 Year-End

The following table provides information on the holdings of stock options and unvested stock awards by the named executive officersNEOs as of December 31, 2016.2019. For additional information about the options awards and stock awards, see the description of equity incentive compensation in the section entitled “Compensation Discussion and Analysis” on page 27.43.

Option Awards Stock AwardsStock Awards
Name of Executive   Number of
Securities
Underlying
Unexercised
Options (#)
 Exercisable
   Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
   Option
Exercise
Price
($/shr)
   Option
Expiration
Date
   Number of
Shares or
Units of
Stock That
Have Not
Vested (#) (1)
   Market
Value of
Shares
or Units
of Stock
That
Have Not
Vested
($) (2)
   Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other Rights
That
Have Not
Vested
(#) (3)
   Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Units or
Other Rights
that Have
Not Vested
($) (2)
     Number
of Shares
or Units
of Stock
That Have
Not Vested
(#)(1)
     Market
Value of
Shares
or Units
of Stock
That Have
Not Vested
($)(2)
     Equity
Incentive
Plan Awards:
Number of
Unearned
Shares, Units
or Other
Rights That
Have Not
Vested (#)(3)
     Equity
Incentive
Plan Awards:
Market or
Payout Value
of Unearned
Shares, Units
or Other Rights
that Have Not
Vested ($)(2)
John Wren350,601$29,839,651406,733$32,953,508
Philip Angelastro350,000  $23.403/31/20195,000$425,55075,627$6,436,614131,401$10,646,109
Dennis Hewitt10,293$876,0376,176$525,639
Jonathan Nelson30,329$2,581,30164,969$5,263,788
Michael O’Brien25,515$2,171,5829,302$791,69353,614$4,343,806
Rochelle Tarlowe5,385$436,293
(1)The vesting dates of stock awards disclosed in this column are as follows:
Mr. Angelastro: 5,000Nelson: 2,009 restricted stock units vestedare scheduled to vest on JanuaryMay 15, 2017.
Mr. Hewitt: 1,2232020. 2,592 restricted stock units are scheduled to vest on May 15, 2020. 2,593 restricted stock units are scheduled to vest on May 15, 2021. 3,461 restricted stock units are scheduled to vest on each of AprilMarch 15, 2017, 2018, 20192020, 2021 and 2020. 1,0802022. 5,073 restricted stock units are scheduled to vest on each of August 15, 2020, 2021, 2022 and 2023. 5,420 restricted stock units are scheduled to vest on each of May 15, 2017, 2018, 20192020, 2021, 2022 2023 and 2020. 1,0812024.
Mr. O’Brien: 2,704 restricted stock units are scheduled to vest on May 15, 2021.

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Mr. Nelson: 4,000 shares vested2020. 2,940 restricted stock units are scheduled to vest on JanuaryMay 15, 2017. 6672020. 2,941 restricted stock units are scheduled to vest on May 15, 2021. 3,369 restricted stock units are scheduled to vest on each of JulyMarch 15, 20172020, 2021 and 2018. 2,0002022. 3,608 restricted stock units are scheduled to vest on each of JulyAugust 15, 20172020, 2021, 2022 and 2018. 2,008 restricted stock units are scheduled to vest on each of April 15, 2017 and 2019. 2,009 restricted stock units are scheduled to vest on each of April 15, 2018 and 2020. 2,5922023. 4,098 restricted stock units are scheduled to vest on each of May 15, 2017, 2018, 20192020, 2021, 2022 2023 and 2020. 2,593 restricted stock units are scheduled to vest on May 15, 2021.

2024.

Mr. O’Brien: 2,703

Ms. Tarlowe: 1,077 restricted stock units are scheduled to vest on each of AprilAugust 15, 20172020, 2021, 2022 2023 and 2019. 2,704 restricted stock units are scheduled to vest on each of April 15, 2018 and 2020. 2,940 restricted stock units are scheduled to vest on each of May 15, 2017, 2018, 2019 and 2020. 2,941 restricted stock units are scheduled to vest on May 15, 2021.

2024.
(2)The market value of stock awards was determined by multiplying the number of unvested shares by $85.11,$81.02, the closing price of Omnicom common stock on December 30, 2016.31, 2019.
(3)The PRSUs are scheduledeligible to vest at the times indicated below. The actual number of PRSUs that will vest depends on our relative average return on equity for the applicable three-year periodperiods ending December 31, 2016,2019, December 31, 2017,2020, and December 31, 2018, respectively,2021, compared to a pre-established peer group. For purposes of the table, we have assumed that the maximum level of performance will be achieved for each award.

Mr. Wren: Up to 96,830A maximum of 131,387 performance restricted stock units are scheduled to vest in calendar year 2017. Up to 132,6602020. A maximum of 139,175 performance restricted stock units are scheduled to vest in calendar year 2018. Up to 121,1112021. A maximum of 136,171 performance restricted stock units are scheduled to vest in calendar year 2019.

2022.

Mr. Angelastro: Up to 14,281A maximum of 42,383 performance restricted stock units are scheduled to vest in calendar year 2017. Up to 28,9652020. A maximum of 43,407 performance restricted stock units are scheduled to vest in calendar year 2018. Up to 32,3812021. A maximum of 45,611 performance restricted stock units are scheduled to vest in calendar year 2019.

Mr. Hewitt: Up to 6,176 performance restricted stock units are scheduled to vest in calendar year 2017.

Mr. O’Brien: Up to 9,302 performance restricted stock units are scheduled to vest in calendar year 2017.

2022.

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EXECUTIVE COMPENSATION

Option Exercises and Stock Vested in 20162019

The following table provides information for the named executive officersNEOs on (a) stock option exercises during 2019, including the number of shares acquired upon exercise and the value realized, and (b) the number of shares acquired upon the vesting of stock awards in the form of restricted stock, RSUs or PRSUs and the value realized, each before payment of any applicable withholding tax and broker commissions. There were no stock option exercises in 2016.

Stock Awards  Option AwardStock Awards
Name of Executive Number of
Shares
Acquired
on PRSU
Vesting (#)
 Value
Realized
on PRSU
Vesting ($) (1)
 Number of
Shares
Acquired
on RS/RSU
Vesting (#)
 Value
Realized
on RS/RSU
Vesting ($) (1)
     Number of
 Shares Acquired
on Exercise
(#)
     Value
Realized
on Exercise
($)
     Number of
Shares Acquired
on PRSU
Vesting
(#)
     Value
Realized
on PRSU
Vesting
($)
(1)
     Number of
Shares Acquired
on RS/RSU
Vesting
(#)
     Value
Realized
on RS/RSU
Vesting
($)(1)
John Wren  102,322     $8,491,375          121,111$9,604,102
Philip Angelastro17,121$1,420,4455,000         $348,35032,381$2,567,813
Dennis Hewitt7,685$637,6621,223$103,099
Jonathan Nelson9,475$733,92113,134$1,009,318
Michael O’Brien10,360$859,5482,703$227,86312,620$974,027
Rochelle Tarlowe
(1)The reported dollar values are calculated by multiplying the number of shares subject to vesting by the closing price of Omnicom common stock on the vesting date.

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Nonqualified Deferred Compensation in 20162019

Certain of Omnicom’s employees were, in prior years, eligible to defer some or all of the shares of their restricted stock and RSUs that may vest in a given year. For additional information about the deferral plans pursuant to which these elections were made, see the description of deferred compensation in the section entitled “Compensation Discussion and Analysis” on page 27.43.

The table below provides information on the non-qualified deferred compensation of the named executive officersNEOs in 2016,2019, which consisted only of the deferral of shares of restricted stock or RSUs under Omnicom’s Restricted Stock and Restricted Stock Unit Deferred Compensation Plans.

Name of Executive     Executive
Contributions
in Last FY ($)
     Aggregate
Earnings in
Last FY ($) (1)
     Aggregate
Withdrawals/
Distribution
in Last FY ($)
     Aggregate
Balance at
Last FYE ($)
     Executive
Contributions
in Last FY
($)
     Aggregate
Earnings
in Last FY
($)
(1)
     Aggregate
Withdrawals/
Distribution
in Last FY
($)
     Aggregate
Balance at
Last FYE
($)
John Wren$1,285,106$11,574,109$1,058,002$ 11,017,910
Philip Angelastro
Dennis Hewitt
Jonathan Nelson
Michael O’Brien
Rochelle Tarlowe
(1)Reflects earnings or (losses) on deferred shares. Earnings on deferred shares are calculated based on the total number of deferred shares in the account as of December 31, 20162019 multiplied by the Omnicom closing stock price as of December 31, 2016,2019, less the total number of such deferred shares multiplied by the Omnicom closing stock price as of December 31, 2015.2018, the last trading day of the 2018 fiscal year.

Potential Payments Uponupon Termination of Employment or Change in Control

The named executive officersNEOs may be entitled to payments upon termination of employment or in connection with a change in control of Omnicom. The table below sets forth the potential payments that each named executive officerNEO may receive upon termination of employment or change in control of Omnicom under various scenarios as of December 31, 2016.2019. Except for the arrangements described below, none of the named executive officersNEOs have entered into any plans, arrangements or agreements with Omnicom providing for payments upon termination of employment or change in control of Omnicom, other than payments generally available to all salaried employees that do not discriminate in scope, terms or operation in favor of the executive officers of Omnicom.

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THE SERCR PLAN

Omnicom adopted the SERCR Plan in 2006, and Messrs. Wren and Angelastro participate. The SERCR Plan is unique in its structure and objectives. It is intended to provide security to Omnicom through the restrictive covenants described below while delivering a valuable benefit to executives in the form of post-termination compensation.

Restrictive Covenants and Consulting Obligation

In consideration for annual benefits under the SERCR Plan, participating executives are subject to restrictions on competition, solicitation, disparagement, and other willful actions that may materially harm Omnicom, from the date of termination of employment through the end of the calendar year in which they receive their last annual benefits payment. In addition, prior to age 55 the participating executives agree to serve as advisors or consultants to Omnicom during the post-employment period, subject to certain limitations.

Annual Benefits

The SERCR Plan provides annual benefits to participating executives upon their termination of employment after they render seven years of service to Omnicom or its subsidiaries, unless termination is for “Cause.” “Cause” is generally defined for this purpose as the executive having been convicted of (or having entered a plea bargain or settlement admitting guilt for) any felony committed in the execution of and while performing his duties as an executive officer, an act of fraud or embezzlement against Omnicom, as a result of which continued employment would have a material adverse impact on Omnicom, or having been the subject of any order, judicial or administrative, obtained or issued by the SEC, for any securities violation involving a material and willful act of fraud. Subject to compliance with the SERCR Plan’s restrictive covenants, and consulting obligation, the annual benefit is payable for 15 years following termination, and is equal to the lesser of (a) the product of (i) the average of the executive’s three highest years of total pay (base salary plus bonus and other incentive compensation), and (ii) a percentage equal to 5% plus 2% for every year of the executive’s service as an executive officer to Omnicom, not to exceed 35% and (b) $1.5 million, subject to an annual cost-of-living adjustment of up to 2.5% per year beginning with the second annual payment. Payment of this annual benefit begins on the later of (a) attainment of age 55, or (b)in the year following the calendar year in which the termination of employment occurred, with certain exceptions.occurred. In the event of death subsequent to satisfaction of the seven-year service requirement, beneficiaries

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of the executive are entitled to the annual benefit payments. No annual benefit is payable if the executive is terminated by Omnicom for Cause. Any future compensation arrangement under the SERCR Plan that would oblige Omnicom to make payments in the event of a NEO’s death would require shareholder approval.

THE EXECUTIVE SALARY CONTINUATION PLAN AGREEMENT

TheOmnicom has entered into an Executive Salary Continuation Plan Agreement

Omnicom has entered into Executive Salary Continuation Plan Agreements with Messrs. Hewitt andMr. Nelson pursuant to which Omnicom agreed to make annual payments for up to a maximum of 10 years after termination of full time employment, unless termination is for “Cause,” in consideration for theirhis agreement to consult and subject to restrictions on competition, solicitation, disparagement, and other willful actions that may be harmful to Omnicom during the payment period. “Cause” is generally defined for this purpose as misconduct involving willful malfeasance, such as breach of trust, fraud or dishonesty. Based on Messrs. Hewitt andMr. Nelson’s agesage and years of service with Omnicom or its subsidiaries, as of December 31, 2016, their2019, his payment periods wereperiod was nine years.

Consulting Obligation and Certain Restrictive Covenants

Mr. Nelson agrees to serve as an advisor or consultant to Omnicom during the 10-year maximum for Mr. Hewittpayment period, subject to certain limitations. In addition, he will be subject to restrictions on competition, solicitation, disparagement, and seven years for Mr. Nelson.other willful actions that may be harmful to Omnicom, from the date of termination through the end of the payment period.

Annual Payments under the Executive Salary Continuation Plan AgreementBenefits

Following termination and subject to compliance with the consulting obligation and restrictions on competition, solicitation, disparagement, and other willful actions that may be harmful to Omnicom, the participating executives areMr. Nelson is entitled to receive annual payments, beginning in the year described below, for the duration of the nine-year payment period. Annual payments are equal to 30% of the highest annual base salary paid to Mr. Hewitt within five years prior to termination and 50% of the highest annual base salary paid to Mr. Nelson within five years prior to termination. Annual payments are subject to there being sufficient pre-tax profits of Omnicom for the calendar year immediately prior to the year in which the participating executives areMr. Nelson is entitled to payment.

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The participating executives areTable of Contents

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Mr. Nelson is entitled to 100% of the annual payment amount in the event of disability. For a voluntary termination, including retirement, or a termination by Omnicom without Cause, Mr. Hewitt is entitled to 100% of the annual payment amount since he has completed more than 20 years of service and Mr. Nelson is entitled to 70%85% of the annual payment amount since he has completed fewer than 20 years of service. Mr. Nelson’s reduced entitlement is calculated by dividing the 1417 years of service he completed as of December 31, 20162019 by 20. In the event of death, Mr. Nelson’s beneficiary or beneficiaries of the participating executives are entitled to 75% of the annual payment amount. The participating executives are not entitled to anyNo annual paymentbenefit is payable if they areMr. Nelson is terminated by Omnicom for Cause.

Consulting Obligation and Certain Restrictive Covenants

The participating executives agree Any future compensation arrangement under an Executive Salary Continuation Plan Agreement that would oblige Omnicom to serve as advisors or consultants to Omnicom duringmake payments in the payment period, subject to certain limitations. In addition, they will be subject to restrictions on competition, solicitation, disparagement, and other willful actions that may be harmful to Omnicom, from the dateevent of termination through the end of the payment period.a NEO’s death would require shareholder approval.

The Incentive Award Plan

THE INCENTIVE AWARD PLAN

Each of the named executive officersNEOs, other than Ms. Tarlowe, participated in our Incentive Award Plan in fiscal year 2016.2019. The Incentive Award Plan provides performance-based bonuses to participants, based upon specific performance criteria, discussed above in the section entitled “Compensation Discussion and Analysis” on page 27,43, during each performance period. If a participant in the Incentive Award Plan experiences a termination of employment for any reason prior to the end of a performance period or the bonus payment date for such performance period, he or she is not entitled to any payment, but the Compensation Committee has discretionthe ability (a) to determine whether the participant will receive any bonus, (b) to determine whether the participant will receive a pro-rated bonus reflecting that portion of the performance period in which the participant had been employed by Omnicom, and (c) to make such other arrangements as the Compensation Committee deems appropriate in connection with the participant’s termination of employment.

Executive Life Insurance Coverage

EXECUTIVE LIFE INSURANCE COVERAGE

Omnicom provides life insurance coverage to its employees. Certain of the named executive officersNEOs participate in a company-sponsored executive life insurance program that provideprovides them with a higher coverage amount than they would otherwise be eligible for as employees. This coverage is in lieu of the coverage provided to employees generally. Specifically, Messrs. Wren and O’Brien are provided with executive life insurance policies for which Omnicom pays the premiums. InAs of December 31, 2019, in the event of termination of employment due to death, on December 31, 2016, these named executive officersNEOs’ beneficiaries would each be entitled to a life insurance benefit in the amount of $1,000,000 paid by MassMutual. This amount is $250,000 higher than each would be eligible for under the program covering employees generally.

Acceleration of Equity Awards

ACCELERATION OF EQUITY AWARDS

Messrs. Wren Angelastro, Hewitt and O’BrienAngelastro hold unvested PRSUs. Messrs. Angelastro, Hewitt, Nelson and O’Brien, and Ms. Tarlowe hold unvested RSUs and Mr. Nelson holds unvested restricted stock that generally vestsvest based on continued employment and the passage of time. As specified below, such named executive officersNEOs are entitled to accelerated vesting (a) on a pro rata basis upon termination of employment due to disability, and (b) upon death.

No equity awards held by our named executive officersNEOs have single trigger or double trigger acceleration in connection with a change in control. However, if restricted stock, RSUs and PRSUs held by our named executive officersNEOs or other employees are not assumed or substituted by an acquirer in connection with a change in control of Omnicom, they fully vest.

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If a named executive officerNEO retires, voluntarily terminates or is terminated by Omnicom, with or without cause, all restricted stock, RSUs and PRSUs that have not yet vested are generally forfeited or, to the extent PRSUs are partially vested based on the passage of time, they may remain subject to vesting based on the ultimate achievement of the performance goals.

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Potential Payments Upon TerminationTable of Employment or Change in Control TableContents

EXECUTIVE COMPENSATION

POTENTIAL PAYMENTS UPON TERMINATION OF EMPLOYMENT OR CHANGE IN CONTROL TABLE

The following table provides the potential payments that each named executive officerNEO may receive upon termination of employment or change in control of Omnicom, assuming that (a) such termination or change in control of Omnicom occurred on December 31, 2016,2019, and (b) the price per share of Omnicom common stock equals $85.11,$81.02, the closing price atof Omnicom common stock on December 31, 2016.2019.

Name of Executive  Death  Disability  For Cause
Termination

  

 

Termination
without
Cause

  

 

Retirement  Voluntary
Termination
  Change in
Control (1)
John Wren
SERCR Plan (2)$1,500,000$1,500,000$1,500,000$1,500,000$1,500,000
PRSU Awards (3)$10,635,346$4,269,118
Philip Angelastro
SERCR Plan (4)$1,500,000$1,500,000$1,500,000$1,500,000$1,500,000
PRSU Awards (3)$2,659,007$1,692,095
RSU Awards (5)$425,550$425,550
Dennis Hewitt
Executive Salary
Continuation
Agreement$88,875(6)$118,500(7)$118,500(7)$118,500(7)$118,500(7)
RSU
Awards (5)$876,037$405,464
Jonathan Nelson
Executive Salary
Continuation
Agreement$318,750(8)$425,000(9)$297,500(10)$297,500(10)$297,500(10)
RS/RSU Awards (5)$2,581,301$1,435,635
Michael O’Brien
RSU Awards (5)$2,171,582$971,701
Name of Executive  Death  Disability  For Cause
Termination
  Termination
without Cause
  Retirement  Voluntary
Termination
  Change in
Control
(1)
John Wren
SERCR Plan(2)
$1,500,000$1,500,000  $1,500,000$1,500,000$1,500,000
PRSU Awards(3)
$11,113,594$7,436,259
Philip Angelastro
SERCR Plan(2)
$1,500,000$1,500,000$1,500,000$1,500,000$1,500,000
PRSU Awards(3)
$3,635,854$2,404,025
Jonathan Nelson
Executive Salary Continuation Agreement
RSU Awards(7)
 
$318,750(4)$425,000(5)$361,250(6)$361,250(6)$361,250(6)
$5,263,788$2,656,590
Michael O’Brien
RSU Awards(7)
$4,343,806$2,326,813
Rochelle Tarlowe
RSU Awards(7)
$436,293$94,793
(1)The change in control value of equity awards assumes that all equity awards are assumed or substituted in connection with a change in control. There are not currently any outstanding equity awards that have single trigger or double trigger acceleration in connection with a change in control. If, however, an unvested equity award is not assumed or substituted in connection with a change in control, such unvested equity award vests in full.
(2)Except in the event of a termination for Cause, Mr. Wrenthe NEO or his beneficiary, as the case may be, would be entitled to receive fifteen annual payments in this amount, the first of which would be payable in 2017.2020. In the event of termination for Cause, no payments would be made. The amount reported is the payment cap set forth in the SERCR Plan as in effect on December 31, 2016,2019, such amount being subject to an annual cost-of-living adjustment of up to 2.5% per year beginning with the second annual payment. All payment obligations are conditioned upon compliance with the restrictive covenants described above.
(3)The value of PRSUs was determined by taking the aggregate fair market value of the shares underlying PRSUs subject to accelerated vesting as of December 31, 2016.2019. The value of PRSUs assumes achievement of the highest performance target and therefore the actual value could be lower than the amount disclosed. Amounts shown do not include unvested PRSUs which are considered earned and non-forfeitable as of December 31, 2016,2019 because the service requirement was met, but which willare eligible to vest if at all, only following the end of the applicable performance period and subject tobased on the applicable level of actual performance during such period. For additional information, please read the discussion above in our “Compensation Discussion and Analysis.”
(4)Except in the event of termination due to death or disability or a termination for Cause, Mr. Angelastro would be entitled to receive fifteen annual payments in this amount, the first of which would be payable in 2019 upon Mr. Angelastro turning 55. In the event of termination due to death or disability, Mr. Angelastro or his beneficiary, as the case may be, would be entitled to receive fifteen annual payments in this amount, the first of which would be payable in 2017. In the event of termination for Cause, no payments would be made. The amount reported is the payment cap set forth in the SERCR Plan as in effect on December 31, 2016, such amount being subject to an annual cost-of-living adjustment beginning with the second annual payment. All payment obligations are conditioned upon compliance with the restrictive covenants and consulting obligation described above.

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(5)The value of restricted stock and RSUs was determined by taking the aggregate fair market value of the shares of restricted stock or the shares underlying RSUs subject to accelerated vesting as of December 31, 2016. For additional information, please read the discussion above in our “Compensation Discussion and Analysis.”
(6)This reflects 75% of Mr. Hewitt’s $118,500Nelson’s $425,000 annual payment, payable to his designated beneficiary. TenNine annual payments in this amount would be paid to such beneficiary, with the first payment being made in 2017.2020.
(7)This reflects 30% of the highest annual rate of salary paid to Mr. Hewitt in the five years preceding December 31, 2016. Ten annual payments would be made in this amount, with the first payment being made in 2018. All payment obligations are conditioned upon compliance with the consulting obligation and restrictive covenants described above.
(8)This reflects 75% of Mr. Nelson’s $425,000 annual payment, payable to his designated beneficiary. Seven annual payments in this amount would be paid to such beneficiary, with the first payment being made in 2017.
(9)(5)This reflects 50% of the highest annual rate of salary paid to Mr. Nelson in the five years preceding December 31, 2016. Seven2019. Nine annual payments would be made in this amount, with the first payment being made in 2018.2021. All payment obligations are conditioned upon compliance with the consulting obligation and restrictive covenants described above.
(10)(6)This reflects 70%85% of Mr. Nelson’s $425,000 annual payment and has been reduced as described above because Mr. Nelson has not yet completed 20 years of service. SevenNine annual payments would be made in this amount, with the first payment being made in 2018.2021. All payment obligations are conditioned upon compliance with the restrictive covenants and, if not disabled, the consulting obligation and restrictive covenants described above.
(7)

The value of RSUs was determined by taking the aggregate fair market value of the shares underlying RSUs subject to accelerated vesting as of December 31, 2019. For additional information, please read the discussion above in our “Compensation Discussion and Analysis.”

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Item 2 — Advisory Resolution to Approve Executive Compensation


In accordance withEXECUTIVE COMPENSATION

Pay Ratio Disclosure

As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Section 14AItem 402(u) of Regulation S-K, we are providing the following information regarding the relationship of the Exchange Act, we are asking shareholders to approve an advisory resolution on theannual total compensation of our employees and the Company’s named executive officers as reportedannual total compensation of our CEO. We consider the pay ratio specified below to be a reasonable estimate, calculated in this Proxy Statement. The Board has adopted a policymanner intended to be consistent with Item 402(u) of providing for annual advisory resolutions to approve executive compensation. The next such vote will occur atRegulation S-K.

We identified the 2018 Annual Meetingmedian employee by considering all individuals who were employed by us on October 31, 2019, whether employed on a full-time or part-time basis, excluding our CEO and employees located in jurisdictions with a de minimis number of Stockholders, subjectemployees. As of October 31, 2019, we determined that our employee population consisted of a total of 89,487 U.S. and non-U.S. individuals, whether employed on a full-time or part-time basis. Pursuant to the outcomede minimis exception allowed under Item 402(u), we excluded all 4,474 individuals who provided services to us in Argentina, Brazil, Colombia, Mexico and Serbia.

We identified the median employee by examining all gross base salaries during the month of October 2019 for the remaining employee population, as of October 31, 2019, of 85,013 individuals. Unlike our 2019 10-K, the size of our total employee population for purposes of this pay ratio calculation includes part-time employees (who, as required by Item 3, the advisory vote402(u) of Regulation S-K, have not been converted to full-time equivalent employees), and is based on the frequencya count of future advisory resolutionsindividuals employed as of October 31, 2019. For employees paid other than in U.S. dollars, we converted their compensation to approve executive compensation.

Our executive compensation programs are designed to support the Company’s long-term success. As described aboveU.S. dollars using foreign exchange rates in effect on October 31, 2019. Using this methodology, we determined that our median employee was a full-time employee located in the “Compensation Discussion and Analysis” section of this Proxy Statement,United States. We believe our methodology represents a consistently applied compensation measure that appropriately identifies our median employee.

After identifying the Compensation Committee has structured our executive compensation program to achievemedian employee for 2019, we calculated the following key objectives:

attract, motivate and retain the talented executives who are a critical component of Omnicom’s long-term success by providing each with a competitive total rewards package;

support talent development in a rapidly evolving industry;

maintain a balanced approach to building long-term shareholder value that does not overemphasize a single metric; and

ensure that executive compensation is aligned with both the short and long-term interests of shareholders.

For each NEO, the majority of hisannual total compensation was variable and based on performance. With respect tofor 2019 for such employee using the same methodology we used for our Chief Executive Officer, 96% of his 2016 compensation was variable and based on performance and 43% is also contingent upon the future performance of the Company.

2016 CEO Compensation
2016 CEO COMPENSATION MIX

We urge shareholders to read the “Compensation Discussion and Analysis” above, which describesNEOs as set forth in more detail how our executive compensation policies and procedures operate and are designed to achieve our compensation objectives, as well as the Summary Compensation Table and relatedfor 2019 earlier in this section. For 2019, the value of the annual total compensation tables and narrative above, which provide detailed information onof the median employee was $44,059.

For 2019, the annual total compensation of our named executive officers.CEO was $19,818,780. The Compensationresulting pay ratio of the annual total compensation of our CEO to the median of the annual total compensation of all of our employees (other than our CEO) for 2019 was approximately 450 to 1.

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ITEM 3 — RATIFICATION OF THE
APPOINTMENT OF INDEPENDENT AUDITORS
____________________

The Audit Committee is directly responsible for the appointment, compensation, retention and oversight of the independent registered public accounting firm retained to audit the Company’s financial statements. In accordance with the Audit Committee’s charter, the Audit Committee has appointed KPMG LLP as our independent auditors for our fiscal year ending December 31, 2020. We are submitting the selection of our independent auditors for shareholder ratification at the 2020 Annual Meeting. KPMG LLP has been retained as our independent auditor continuously since June 2002.The members of the Audit Committee and the Board believe that the policies and procedures articulatedcontinued retention of KPMG LLP to serve as our independent registered public accounting firm is in the “Compensation Discussionbest interests of the Company and Analysis”its shareholders.

Representatives of KPMG LLP are effective in achieving our goals and that the compensation of our named executive officers reported in this Proxy Statement has supported and contributedexpected to our success.

We are asking shareholders to approve the following advisory resolutionbe present at the 20172020 Annual Meeting.Meeting, will have the opportunity to make a statement if they desire to do so and are expected to be available to respond to appropriate questions.

RESOLVED,The Audit Committee is not bound by the results of the vote regarding ratification of the independent auditors. If our shareholders do not ratify the selection, the Audit Committee will reconsider whether to retain KPMG LLP, but still may retain them. Even if the selection is ratified, the Audit Committee, in its discretion, may change the appointment at any time during the year if it determines that such a change would be in the shareholdersbest interests of Omnicom Group Inc. (the “Company”) approve, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s Proxy Statement for the 2017 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the Summary Compensation Table for 2016 and the other related tables and disclosure.

This advisory resolution, commonly referred to as a “say-on-pay” resolution, is non-binding on the Board. Although non-binding, the Board and the Compensation Committee will carefully review and consider the voting results when evaluating our executive compensation program.its shareholders.

The BoardUNANIMOUSLY recommends that shareholders voteFORratification of the advisory resolution to approveappointment of
KPMG LLP as our independent auditors.

executive compensation.

Approval of this item requires the favorable vote of the holders of a majority of the shares voting on the item. Abstentions and broker non-votes will have no effect on the outcome of this item.

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Item 3 — Advisory Vote on the Frequency of Future Advisory Resolutions to Approve Executive Compensation


In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and Section 14A of the Exchange Act, we are asking shareholders to vote on whether future advisory resolutions to approve executive compensation should occur every year, every two years or every three years. Six years ago, the Board recommended that the advisory resolution to approve executive compensation be conducted annually and shareholders voted in favor of this recommendation by a substantial majority. Subsequent to the advisory vote reflected in this item, the next such advisory vote is expected to occur at our 2023 Annual Meeting of Shareholders.

After careful consideration, the Board recommends that future advisory resolutions to approve executive compensation be included in the Company’s Proxy Statement for, and voted on by shareholders at, each Annual Meeting of Shareholders. We believe that having such an advisory vote on the ballot at each Annual Meeting of Shareholders provides the highest level of accountability and the greatest and most useful shareholder input for the Company, the Board of Directors and the Compensation Committee.

Shareholders are not voting to approve or disapprove of the Board’s recommendation. Instead, shareholders will be able to specify one of four choices for this item on the proxy card: “One Year,” “Two Years,” “Three Years” or “Abstain.”

Under our By-laws, approval of this item requires the vote of the holders of a majority of the shares voting on the item. However, since this item has multiple options, if none of the frequency alternatives (one year, two years or three years) receives a majority vote, we will consider the frequency that receives the highest number of votes to be the frequency that has been selected by our shareholders.

While we intend to carefully consider the voting results of this item, the vote on the frequency of future advisory resolutions to approve executive compensation is advisory in nature and therefore non-binding on the Board of Directors. Notwithstanding the Board’s recommendation and the outcome of the shareholder vote, the Board may in the future decide to conduct such advisory votes on a different frequency and may vary its practice based on factors such as discussions with shareholders and the adoption of material changes to compensation programs.

The BoardUNANIMOUSLY recommends that shareholders vote to conduct future advisory resolutions to
approve executive compensation everyONE YEAR.

Approval of this item requires the favorable vote of the holders of a majority of the shares voting on the item. Abstentions and broker non-votes will have no effect on the outcome of this item.

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Directors’ Compensation for Fiscal 2016


Directors who are also current or former employees of Omnicom or its subsidiaries receive no compensation for serving as directors. The compensation program for directors who are not current or former employees of Omnicom or its subsidiaries is designed to compensate directors in a manner that reflects the work required for a company of Omnicom’s size and composition and to align directors’ interests with the long-term interests of shareholders. The table below includes the following compensation elements with respect to non-employee directors:

Annual Compensation.For 2016, non-employee directors were paid a cash annual retainer of $75,000 and $2,000 for attendance at each Board or Committee meeting, plus $10,000 for attendance in person at a Board meeting held outside of the U.S. that requires international travel from his or her residence. Effective January 1, 2017, the cash annual retainer paid to non-employee directors was increased to $90,000. In addition, directors receive reimbursement for customary travel expenses.

In accordance with our 2013 Plan, and our Director Compensation and Deferred Stock Program adopted by our Board on December 4, 2008, non-employee directors also receive fully-vested common stock each fiscal quarter. For each of the four quarters in 2016, such directors received common stock with a fair value of $31,250 based on the per share closing price of our common stock on the date prior to grant. Effective January 1, 2017, the amount of common stock to be received by non-employee directors each quarter was increased to $36,250.

Our Director Compensation and Deferred Stock Program and 2013 Plan provide that each director may elect to receive all or a portion of his or her cash director compensation for the following year’s service in common stock. Messrs. Henning and Murphy and Ms. Choksi each elected to receive all or a portion of their respective 2016 cash director compensation in common stock.

Directors may also elect to defer any common shares payable to them, which will be credited to a bookkeeping account in the directors’ names. These elections must be made prior to the start of the calendar year for which the fees would be payable. The number of shares of common stock delivered or credited to a director’s account is based on the fair market value of our common stock on the first trading day immediately preceding the date the fees would have been paid to the director. Each director other than Ms. Johnson Rice and Mr. Roubos elected to defer all of the common shares payable to them in 2016. Ms. Johnson Rice elected to defer 50% of the common shares payable to her in 2016.

Lead Independent Director and Committee Chairman Fees.The Chairs of our committees and our Lead Independent Director receive the following additional annual fees in cash due to the workload and the additional responsibilities of their positions. Our Lead Independent Director received an additional fee of $25,000 for 2016, which fee was increased to $35,000 effective January 1, 2017. The Chairs of our Audit, Compensation, Governance, Finance and Executive Committees receive an additional fee of $20,000 each year, as long as such Chair is not also an executive officer of Omnicom. In 2016, the Chair of the Finance Committee, who is an executive officer of Omnicom, did not receive the $20,000 fee.

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Directors’ Compensation for Fiscal 2016

Name of Director (1)      Fees Earned
or Paid in Cash
($) (2)
     Stock
Awards
($) (3)
     Total ($)
Alan R. Batkin       $125,000$125,000$250,000
Mary C. Choksi$131,000$125,000$256,000
Robert Charles Clark$133,000$125,000$258,000
Leonard S. Coleman, Jr.$176,000$125,000$301,000
Errol M. Cook (4)$61,250$62,500$123,750
Susan S. Denison$149,000$125,000$274,000
Michael A. Henning$133,000$125,000$258,000
Deborah J. Kissire (5)$96,500$104,167$200,667
John R. Murphy$147,000$125,000$272,000
John R. Purcell$147,000$125,000$272,000
Linda Johnson Rice$127,000$125,000$252,000
Gary L. Roubos (4)$59,250$62,500$121,750
Valerie M. Williams (5)$21,323$25,538$46,861
(1)Bruce Crawford is an executive officer of Omnicom and does not receive director compensation. In fiscal year 2016, Mr. Crawford received a base salary of $400,000.
(2)This column reports the amount of cash compensation earned in 2016 for Board and Committee service. The amounts shown include the following amounts, which Messrs. Henning and Murphy and Ms. Choksi elected to receive in common stock: Mr. Henning: $75,000; Mr. Murphy: $37,500; and Ms. Choksi: $75,000.
(3)The amount reported in the “Stock Awards” column for each director reflects the aggregate grant date fair value of the stock granted in 2016, computed in accordance with FASB ASC Topic 718. For a discussion of the assumptions used to calculate the fair value of stock awards, refer to notes 2 and 9 to the consolidated financial statements contained in our 2016 10-K. The fair market value for each quarterly stock award was $31,250 for each individual reported in the table above.
(4)Retired from the Board on May 24, 2016 and amounts shown represent such director's partial year of service on the Board.
(5)Began serving on the Board during 2016 and amounts shown represent such director's partial year of service on the Board.

No Other Compensation.Directors received no compensation in 2016 other than that described above. We do not have a retirement plan for directors and they receive no pension benefits.

Stock Ownership Requirement.The Board encourages stock ownership by directors and, in 2004, we adopted stock ownership guidelines for our directors. The director guidelines provide, in general, that our directors must own Omnicom stock equal to or greater than five times their annual cash retainer within five years of their joining the Board. As of December 31, 2016, each member of our Board that has served on the Board more than five years was in compliance.

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Equity Compensation Plans


Our principal equity plan for employees is our 2013 Plan, which was approved by shareholders at our 2013 Annual Meeting of Shareholders and replaced all of our prior equity incentive plans. The Compensation Committee’s independent compensation consultant, Cook & Co., provided analysis and input on the 2013 Plan. As a result of the adoption of the 2013 Plan, no new awards may be made under any of Omnicom’s prior equity plans. Outstanding equity awards under prior plans, however, were not affected by the adoption of our 2013 Plan.

The purpose of the 2013 Plan is to promote the success and enhance the value of Omnicom by continuing to link the personal interest of participants to those of Omnicom shareholders and by providing participants with an incentive for outstanding performance to generate superior returns to Omnicom shareholders. The 2013 Plan provides for the grant of stock options (both incentive stock options and nonqualified stockoptions), restricted stock, stock appreciation rights, performance shares, performance stock units, dividend equivalents, stock payments, deferred stock, and restricted stock units.

Persons eligible to participate in the 2013 Plan include all employees and consultants of Omnicom and its subsidiaries, members of our Board or, as applicable, members of the board of directors of a subsidiary, as determined by the committee administering the 2013 Plan (the “IAP Committee”). The IAP Committee is appointed by our Board, and currently is comprised of the members of our Compensation Committee. With respect to awards to independent directors, Omnicom’s Board administers the 2013 Plan.

All of our current equity compensation plans have been approved by shareholders. The following table provides information about our current equity compensation plans as of December 31, 2016.

Plan Category     Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights
(#)
     Weighted-average
exercise price of
outstanding options,
warrants and rights
($/shr)
     Number of
securities
remaining available
for future issuance
(#)
Equity compensation plans approved by security
holders: 2013 Incentive Award Plan and previously 
adopted equity incentive plans (other than our ESPP)719,757                $27.8830,308,073(1)
Equity compensation plans approved by security  
holders: ESPP Shares  8,868,299(2)
Equity compensation plans not approved by security  
holders 
Total719,757$27.8839,176,372
(1)The maximum number of shares that may be issued under our 2013 Plan pursuant to awards granted after December 31, 2012 is 33,040,000. This number is subject to upward adjustment since awards granted under previously adopted plans (“Prior Plans”) that are forfeited or expire may be used again under the 2013 Plan. Any share of common stock that is subject to an option or stock appreciation right granted from our 2013 Plan is counted against this limit as one share of common stock for every one share of common stock granted. Any share of common stock that is subject to an award other than an option or stock appreciation right granted from the 2013 Plan is counted against this limit as 3.5 shares of common stock for every one share of common stock granted. The figure above includes 30,308,073 shares that may be issued under our 2013 Plan, which assumes that all securities available for future issuance are subject to options or stock appreciation rights. If all securities available for future issuance were subject to awards other than options or stock appreciation rights, this figure would be 8,659,449. Our 2013 Plan provides that we may no longer grant any awards under our Prior Plans. As of December 31, 2016, there were 719,757 stock options outstanding under our equity compensation plans (other than our ESPP) with a weighted-average exercise price of $27.88 and a weighted-average term of 2.72 years and 4,264,486 unvested full value shares outstanding under our equity compensation plans (other than our ESPP).
(2)The ESPP is a tax-qualified plan in which all eligible full-time and part-time domestic employees may participate.

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Stock Ownership


The following table sets forth certain information as of the close of business on April 1, 2017 (except as otherwise noted), with respect to the beneficial ownership of our common stock by:

each person known by Omnicom to own beneficially morethan 5% of our outstanding common stock;
each current director or nominee;
each named executive officer; and
all directors and executive officers as a group.

The amounts and percentages of shares beneficially owned are reported on the basis of SEC regulations governing the determination of beneficial ownership of securities. Under SEC rules, a person is deemed to be a “beneficial owner” of a security if that person has or shares voting power or investmentpower, which includes the power to dispose of or to direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities of which that person has a right to acquire beneficial ownership within 60 days. Securities that can be so acquired are deemed to be outstanding for purposes of computing such person’s ownership percentage, but not for purposes of computing any other person’s percentage. Under these rules, more than one person may be deemed to be a beneficial owner of the same securities and a person may be deemed to be a beneficial owner of securities as to which such person has no economic interest. Unless otherwise indicated, the address for each individual listed below is c/o Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022.

Name     Number of
Shares Owned
(1)
     Options
Exercisable
within 60 Days
     Total
Beneficial
Ownership
     Percent of
Shares
Outstanding
(2)
Massachusetts Financial Services Company (3)18,220,06018,220,0607.8%
BlackRock, Inc. (4)16,716,28016,716,2807.2%
The Vanguard Group (5)15,749,75915,749,7596.8%
First Eagle Investment Management, LLC (6)12,842,72912,842,7295.5%
Philip Angelastro (7)239,267350,000589,267*
Alan R. Batkin22,45522,455*
Mary C. Choksi16,69816,698*
Robert Charles Clark (8)35,08535,085*
Leonard Coleman, Jr.26,89126,891*
Bruce Crawford128,050128,050*
Susan S. Denison35,23535,235*
Michael A. Henning57,61857,618*
Dennis Hewitt (9)47,64947,649*
Deborah J. Kissire2,1152,115*
John R. Murphy56,14056,140*
Jonathan Nelson (10)55,32055,320*
Michael O’Brien (11)83,12383,123*
John R. Purcell (12)37,09037,090*
Linda Johnson Rice8,5218,521*
Valerie M. Williams1,1461,146*
John Wren (13)1,426,2041,426,204*
All directors and executive officers as a group
(19 persons) (14)2,319,433350,0002,669,4331.1%
*less than 1%.
(1)This column lists voting securities, and securities the payout of which has been deferred at the election of the holder, including restricted stock held by executive officers. Except to the extent noted below, each director or executive officer has sole voting and investment power with respect to the shares reported. The amounts in the column include:
shares held pursuant to the outside director equity plan, the payout of which has been deferred at the election of the holder, namely, Mr. Batkin — 20,770 shares, Ms. Choksi — 16,698 shares, Mr. Clark — 32,030 shares, Mr. Coleman — 15,765 shares, Ms. Denison — 33,677

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Stock Ownership

shares, Mr. Henning — 53,119 shares, Ms. Kissire — 2,115 shares, Mr. Murphy — 38,196 shares, Mr. Purcell — 32,030 shares, Ms. Johnson Rice — 7,675 shares, and Ms. Williams — 1,146 shares;
shares previously held under restricted stock awards, the payout of which has been deferred at the election of the holder, namelyMr. Wren — 135,990 shares; and
shares credited under the Omnicom Group Retirement Savings Plan, namely, Mr. Angelastro — 1,291 shares, and Mr. Wren — 26,328 shares.
(2)The number of shares of common stock outstanding on April 1, 2017 was 233,026,207. The percent of common stock is based on such number of shares and is rounded off to the nearest one-tenth of a percent.
(3)Stock ownership is as of December 31, 2016 and is based solely on a Schedule 13G/A filed with the SEC on February 13, 2017, by Massachusetts Financial Services Company (“MFS”). In the filing, MFS reported having sole voting power over 16,230,455 shares and sole dispositive power over 18,220,060 shares. MFS has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of MFS is 111 Huntington Avenue, Boston, MA 02199.
(4)Stock ownership is as of December 31, 2016, and is based solely on a Schedule 13G/A filed with the SEC on January 25, 2017, by BlackRock, Inc. (“BlackRock”). In the filing, BlackRock reported having sole voting power over 14,653,724 shares and sole dispositive power over 16,716,280 shares. BlackRock has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of BlackRock is 55 East 52nd Street, New York, NY 10055.
(5)Stock ownership is as of December 31, 2016, and is based solely on a Schedule 13G/A filed with the SEC on February 10, 2017, by The Vanguard Group (“Vanguard”). In the filing, Vanguard reported having sole voting power over 369,743 shares, shared voting power over 43,811 shares, sole dispositive power over 15,340,031 shares and shared dispositive power over 409,728 shares. Vanguard has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of Vanguard is 100 Vanguard Blvd., Malvern, PA 19355.
(6)Stock ownership is as of December 31, 2016, and is based solely on a Schedule 13G filed with the SEC on February 6, 2017, by First Eagle Investment Management, LLC (“First Eagle”). In the filing, First Eagle reported having sole voting power over 12,368,041 shares and sole dispositive power over 12,842,729 shares. First Eagle has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of First Eagle is 1345 Avenue of the Americas, New York, NY 10105.
(7)Includes 118,010 PRSUs granted to Mr. Angelastro pursuant to our 2013 Plan.
(8)Includes 1,700 shares that are held in a joint account shared by Mr. Clark and his wife.
(9)Includes 15,593 RSUs and 6,176 PRSUs granted to Mr. Hewitt pursuant to our 2013 Plan.
(10)Includes 43,634 RSUs granted to Mr. Nelson pursuant to our 2013 Plan.
(11)Includes 42,360 RSUs and 9,302 PRSUs granted to Mr. O’Brien pursuant to our 2013 Plan.
(12)Includes 4,000 shares that are held by Mr. Purcell’s wife. Mr. Purcell disclaims beneficial ownership of shares held by his wife.
(13)Includes 481,988 PRSUs granted to Mr. Wren pursuant to our 2013 Plan.
(14)Includes 1,700 shares over which there are shared voting and investment power; and 800 shares of restricted stock.

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Audit Related Matters


Fees Paid to Independent Auditors

The following table shows information about fees billed by KPMG LLP and affiliates for professional services, as well as all “out-of-pocket” costs incurred in connection with these services, rendered for the last two fiscal years:

  2016 

Approved by
Audit Committee

  2015 Approved by
Audit Committee
Audit Fees (1)   $21,103,000     100%     $20,402,000     100%
Audit-Related Fees (2)$843,000100%$1,374,000100%
Tax Fees (3)$609,000100%$643,000100%
All Other Fees (4)$ —$16,000100%
Total Fees$22,555,000$22,435,000
     2019     Approved by
Audit Committee
     2018     Approved by
Audit Committee
Audit Fees(1)$22,769,600100%$22,375,000100%
Audit-Related Fees(2)$359,250100%$325,550100%
Tax Fees(3)$483,747100%$416,693100%
All Other Fees(4)
Total Fees$23,612,597$23,117,243
(1)Audit Feesconsist of fees for professional services for the audit or reviewand interim reviews of our consolidated financial statements and for the audit of our internal control over financial reporting or forreporting. Audit fees also include audit services that are normally provided by independent auditors in connection with statutory audit and regulatory filings or engagements.filings. The amounts noted above include reimbursement for direct out-of-pocket travel and other sundry expenses.
(2)Audit-Related Feesconsist of fees for assurance and audit related services that are reasonablyperformed for the Company or its subsidiaries but not directly related to the performance of the audit or review of our consolidated financial statements and are not reported under Audit Fees, includingaudits. Audit-Related fees include due diligence services and attestation or agreed upon procedures related to mergers and acquisitions and special procedures to meet certain statutory requirements or local reporting requirements.
(3)Tax Feesconsist primarily of fees for routine international tax compliance and advisory services, including the review and preparation of statutory tax returns, related compliance services, and otherroutine tax compliance related services.advice.
(4)All Other Feesconsist of fees for permitted services other than those that meet the criteria above. There were no such services performed in 2016.2019 or 2018.

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ITEM 3 — RATIFICATION OF THE APPOINTMENT OF INDEPENDENT AUDITORS

In deciding to reappoint KPMG LLP to be our independent auditors for 2017,2020, the Audit Committee considered KPMG LLP’s provision of services to assure that it was compatible with maintaining KPMG LLP’s independence. The Audit Committee determined that these fees were compatible with the independence of KPMG LLP as our independent auditors.

The Audit Committee has adopted a policy that requires it to pre-approve each audit and permissible non-audit service rendered by KPMG LLP except for items exempt from pre-approvalrequirementspre-approval requirements by applicable law. On a quarterly basis, the Audit Committee reviews and generally pre-approves specific types of services and the range of fees that may be provided by KPMG LLP without first obtaining specific pre-approval from the Audit Committee. The policy requires the specific pre-approval of all other permitted services and all other permitted services were pre-approved in 2016.2019.

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Audit Related Matters

Audit Committee Report

The Audit Committee’s primary purpose is to assist the Board in carrying out its oversight responsibilities relating to Omnicom’s financial reporting. Management is responsible for the preparation, presentation and integrity of Omnicom’s financial statements, accounting and financial reporting principles and the establishment and effectiveness of internal controls and procedures designed to ensure compliance with accounting standards and applicable laws and regulations. The independent auditors are responsible for performing an independent audit of the financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States), expressing an opinion as to the conformity of such financial statements with generally accepted accounting principles in the United States and auditing the operating effectiveness of internal control over financial reporting. The independent auditors have free access to the Audit Committee to discuss any matters they deem appropriate.

In performing its oversight role, the Audit Committee has reviewed and discussed with management Omnicom’s audited 20162019 financial statements as of December 31, 2016.2019. The Audit Committee has also discussed with KPMG LLP the mattersrequiredmatters required to be discussed under all relevant professional and regulatory standards, which included discussion of the quality of Omnicom’s accounting principles, the reasonableness of significant judgments and the clarity of disclosures in the financial statements. The Audit Committee has received and reviewed the written disclosures and the letter from KPMG LLP required under all relevant professional and regulatory standards, and has discussed with KPMG LLP its independence.

Based on the review and discussions referred to in this Report, the Audit Committee recommended to the Board that the audited financial statements of Omnicom for the year ended December 31, 20162019 be included in its 20162019 10-K.

Members of the Audit Committee
John R. Murphy, Chairman
Michael A. Henning, Vice Chairman
Mary C. Choksi,
Chair
Robert Charles Clark
Deborah J. Kissire
Gracia C. Martore
Valerie M. Williams

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ITEM 4 — SHAREHOLDER PROPOSAL
REGARDING PROXY ACCESS AMENDMENT
____________________

John Chevedden, 2215 Nelson Avenue, No. 205, Redondo Beach, CA 90278, has advised that he is the beneficial owner of no less than 100 shares of Omnicom common stock and that he intends to introduce a proposal for the consideration of shareholders at the 2020 Annual Meeting, the text of which reads as follows.

Proposal 4 — Improve Shareholder Proxy Access

Shareholders request that our board of directors take the steps necessary to enable as many shareholders as may be needed to aggregate their shares to equal 3% of our stock owned continuously for 3-years in order to enable shareholder proxy access.

Under this proposal it is likely that the number of shareholders who participate in the aggregation process would still be a modest number due to the administrative burden on shareholders to qualify as one of the aggregation participants. Plus it is easy for management to reject potential aggregating shareholders because the administrative burden on shareholders leads to a number of potential technical errors by shareholders that management can then nitpick and thus reject.

Shareholders should be able to select the ownership structure of a group requesting proxy access. Shareholders are in the best position to know whether it will be more practical to have a few big shareholders or a greater number of smaller shareholders and should not be saddled with inflexible rules. The directors of many companies promote “one sizes does not fit all” in their proxies and this principle should apply here. Our directors should support this proposal because our directors said in 2019 that they were in favor of “flexibility” and were opposed to “one-size fits all.”

Proxy access is a means to hasten director refreshment. Three Omnicom directors each received 35-times as many negative votes as the 2 best performing Omnicom directors in director votes. The 3 negative vote directors were Lead Director Leonard Coleman, Executive Pay Committee Chair Susan Denison and Governance Committee Chair Robert Clark. These directors each had from 17 to 26 years long-tenure. Long-tenure can take a toll on director independence.

Omnicom executive pay was rejected by 9% of shares in 2019 when a 5% rejection is normal for a well performing company. Meanwhile Omnicom stock has been flat for 5-years during a robust market.

Our directors should support this proposal because our directors said in the 2019 Omnicom proxy that based on shareholder engagement feedback, “Our Board made refreshment a top priority.”

Please vote yes:
Improve Shareholder Proxy Access — Proposal 4

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ITEM 4 — SHAREHOLDER PROPOSAL REGARDING PROXY ACCESS AMENDMENT

THE BOARD’S STATEMENT IN OPPOSITION

The Audit CommitteeBoard of Directors believes that the proxy access By-law it adopted and implemented in March 2016, which was informed by extensive shareholder feedback, is directly responsibleappropriate for the appointment, compensation, retentionCompany and oversight of the independent registered public accounting firm retained to audit the Company's financial statements. In accordance with the Audit Committee’s charter, the Audit Committee has appointed KPMG LLP as our independent auditors for our fiscal year ending December 31, 2017. We are submitting the selection of our independent auditors for shareholder ratificationits shareholders at the 2017 Annual Meeting. KPMG LLP has been retained as our independent auditor continuously since June 2002. The members of the Audit Committee andthis time. As a result, the Board believehas concluded that the continued retentionadoption of KPMG LLP to serve as our independent registered public accounting firmthis proposal is unnecessary and not in the best interests of shareholders. Accordingly, the Board unanimously recommends a voteAGAINST this proposal for the following reasons.

The Company’s existing proxy access framework reflects the input of shareholders representing more than a majority of our outstanding shares, careful consideration by the Board of Directors, and is consistent with market practice.

Prior to adopting proxy access, the Company engaged in extensive discussion with shareholders. The constructive feedback received from this outreach was shared with and discussed by the full Board and helped to shape the proxy access terms.

The provision allowing up to 20 shareholders to act as a group to nominate a director under our proxy access framework aligns with the input provided by most of our shareholders. In conversations with shareholders that have taken place every year following our adoption of proxy access, the overwhelming majority of our shareholders have expressed support for the Company’s current corporate governance practices, including our proxy access provisions.

The current proxy access framework already provides a large number of our shareholders with the right to utilize proxy access.

Based on the current shareholder base, any of our five largest shareholders acting alone could satisfy the 3% threshold; any of our top 125 shareholders could form a group of 20 that would satisfy the 3% threshold; and any of our smaller shareholders could nominate directors through proxy access by partnering with our larger shareholders. Therefore, the current 20-shareholder limit already allows for numerous combinations of small and large shareholders that could satisfy the 3% limit. Since the current aggregation limit does not serve as a barrier for shareholders to participate in proxy access, eliminating the aggregation limit would not provide our shareholders with a meaningful new right.

Increasing the number of shareholders who may aggregate their shares will be harmful to the Company and its shareholders.

Representatives of KPMG LLP are expected to be present at the 2017 Annual Meeting, will have the opportunity to make a statement if they desire to do so and are expected to beThe Board believes its current proxy access framework strikes an appropriate balance between making proxy access available to respondshareholders and creating an undue burden and expense on the Company to the detriment of its shareholders.

As a necessary part of the proxy access process, the Company is required to collect and verify information submitted by each nominating group member. This process diverts Company time and resources away from primary business functions. The Board therefore elected to set a reasonable limit on the size of a shareholder nominating group to alleviate any potentially unreasonable resource constraint introduced by this process. The current proposal would expose the Company to a potentially unreasonable administrative burden that would waste corporate resources and would not serve the interests of our shareholders.

Allowing up to 20 shareholders to act as a group is consistent with overwhelming market practice.

Allowing groups of up to 20 shareholders to aggregate their stock ownership in order to satisfy the minimum ownership threshold is consistent with the approach taken by more than 90 percent of companies that have adopted proxy access since January 2015. This overwhelming consensus reflects the belief that capping nominating groups at 20 shareholders strikes the appropriate questions.balance between empowering shareholders to effectively utilize proxy access, while limiting the administrative burden, and related company expense, that would come from groups of a larger size.

The Audit Committee is not boundGiven the Board’s continuing commitment to shareholder engagement and responsiveness, as evidenced by our adoption of a proxy access framework, and the potential unreasonable costs and burdens that would result in the absence of an aggregation limit, the Board believes that amending our proxy access framework as requested by the results of the vote regarding ratification of the independent auditors. If our shareholders doproposal is unnecessary and not ratify the selection, the Audit Committee will reconsider whether to retain KPMG LLP, but still may retain them. Even if the selection is ratified, the Audit Committee, in its discretion, may change the appointment at any time during the year if it determines that such a change would be in the best interests of Omnicom and itsour shareholders.

The Board of Directors UNANIMOUSLY recommends that shareholders voteFOR ratification of the appointment of
KPMG LLP as our independent auditors.
AGAINSTthis proposal.

Approval of this itemproposal requires the favorable vote of the holders of a majority of the shares voting on the item.proposal. Abstentions and broker non-votes will have no effect on the outcome of this item.proposal.

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STOCK OWNERSHIP INFORMATION
____________________

64Security Ownership of Certain Beneficial Owners and Management

The following table sets forth certain information as of the close of business on April 1, 2020 (except as otherwise noted), with respect to the beneficial ownership of our common stock by:

each person known by Omnicom to own beneficially more than 5% of our outstanding common stock;
each current director or nominee;
each NEO; and
all directors and executive officers as a group.

The amounts and percentages of shares beneficially owned are reported on the basis of SEC regulations governing the determination of beneficial ownership of securities. Under SEC rules, a person is deemed to be a “beneficial owner” of a security if that person has or shares voting power or investment power, which includes the power to dispose of or to direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities of which that person has a right to acquire beneficial ownership within 60 days. Securities that can be so acquired are deemed to be outstanding for purposes of computing such person’s ownership percentage, but not for purposes of computing any other person’s percentage. Under these rules, more than one person may be deemed to be a beneficial owner of the same securities and a person may be deemed to be a beneficial owner of securities as to which such person has no economic interest. Unless otherwise indicated, the address for each individual listed below is c/o Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022.

Name      Number of
Shares Owned
(1)
      Options
Exercisable
within 60 Days
      Total
Beneficial
Ownership
      Percent of
Shares
Outstanding(2)
The Vanguard Group(3)25,333,56425,333,56411.8%
BlackRock, Inc.(4)17,227,39417,227,3948.0%
State Street Corporation(5)11,479,88811,479,8885.4%
Philip J. Angelastro(6)414,444414,444*
Alan R. Batkin30,90330,903*
Mary C. Choksi24,74224,742*
Robert Charles Clark(7)44,65144,651*
Leonard S. Coleman, Jr.29,96229,962*
Susan S. Denison44,96444,964*
Ronnie S. Hawkins5,1225,122*
Deborah J. Kissire8,7138,713*
Gracia C. Martore9,5029,502*
Jonathan B. Nelson(8)73,56673,566*
Michael J. O’Brien(9)90,25090,250*
Linda Johnson Rice9,2349,234*
Rochelle M. Tarlowe(10)5,3855,385*
Valerie M. Williams7,6487,648*
John D. Wren(11)1,479,4821,479,482*
All directors and executive officers as a group
(17 persons)(12)2,339,5442,339,5441.1%

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STOCK OWNERSHIP INFORMATION

*

less than 1%.

(1)This column lists voting securities, and securities the payout of which has been deferred at the election of the holder, including restricted stock held by executive officers. Except to the extent noted below, each director or executive officer has sole voting and investment power with respect to the shares reported. The amounts in the column include:
shares held pursuant to the outside director equity plan, the payout of which has been deferred at the election of the holder, namely, Mr. Batkin — 29,217 shares, Ms. Choksi — 24,742 shares, Mr. Clark — 41,595 shares, Mr. Coleman — 15,348 shares, Ms. Denison — 43,405 shares, Mr. Hawkins — 3,785 shares, Ms. Kissire — 8,713 shares, Ms. Martore — 9,502 shares, Ms. Rice — 8,437 shares, and Ms. Williams — 7,648 shares;
shares previously held under restricted stock awards, the payout of which has been deferred at the election of the holder, namely, Mr. Wren — 135,990 shares; and
shares credited under the Omnicom Group Retirement Savings Plan, namely, Mr. Angelastro — 1,418 shares, and Mr. Wren — 29,096 shares.
(2)The number of shares of common stock outstanding on April 1, 2020 was 214,269,985. The percent of common stock is based on such number of shares and is rounded off to the nearest one-tenth of a percent.
(3)Stock ownership is as of December 31, 2019, and is based solely on a Schedule 13G/A filed with the SEC on February 12, 2020, by The Vanguard Group (“Vanguard”). In the filing, Vanguard reported having sole voting power over 328,819 shares, shared voting power over 71,170 shares, sole dispositive power over 24,949,438 shares and shared dispositive power over 384,126 shares. Vanguard has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of Vanguard is 100 Vanguard Blvd., Malvern, PA 19355.
(4)Stock ownership is as of December 31, 2019 and is based solely on a Schedule 13G/A filed with the SEC on February 5, 2020, by BlackRock, Inc. (“BlackRock”). In the filing, BlackRock reported having sole voting power over 15,125,331 shares and sole dispositive power over 17,227,394 shares. BlackRock has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of BlackRock is 55 East 52nd Street, New York, NY 10055.
(5)Stock ownership is as of December 31, 2019, and is based solely on a Schedule 13G filed with the SEC on February 14, 2020, by State Street Corporation (“State Street”). In the filing, State Street reported having shared voting power over 10,287,595 shares and shared dispositive power over 11,478,145 shares. State Street has certified in its Schedule 13G that our stock was acquired and is held in the ordinary course of business, and was not acquired and is not held for the purpose of changing or influencing control of Omnicom. The address of State Street is Sate Street Financial Center, One Lincoln Street, Boston, MA 02111.
(6)Includes 131,401 PRSUs granted to Mr. Angelastro pursuant to our 2013 Plan.
(7)Includes 1,700 shares that are held in a joint account shared by Mr. Clark and his wife.
(8)Includes 61,508 RSUs granted to Mr. Nelson pursuant to our 2013 Plan.
(9)Includes 50,245 RSUs granted to Mr. O’Brien pursuant to our 2013 Plan.
(10)Includes 5,385 RSUs granted to Ms. Tarlowe pursuant to our 2013 Plan.
(11)Includes 406,733 PRSUs granted to Mr. Wren pursuant to our 2013 Plan.
(12)Includes 1,700 shares over which there are shared voting and investment power.

    Proxy Statement 2017Equity Compensation Plans

Our principal equity plan for employees is our 2013 Plan, which was approved by shareholders at our 2013 Annual Meeting of Shareholders and replaced all of our prior equity incentive plans. The Compensation Committee’s independent compensation consultant, FW Cook, provided analysis and input on the 2013 Plan. As a result of the adoption of the 2013 Plan, no new awards may be made under any of Omnicom’s prior equity plans. Outstanding equity awards under prior plans, however, were not affected by the adoption of our 2013 Plan.

The purpose of the 2013 Plan is to promote the success and enhance the value of Omnicom by continuing to link the personal interest of participants to those of Omnicom shareholders and by providing participants with an incentive for outstanding performance to generate superior returns to Omnicom shareholders. The 2013 Plan provides for the grant of stock options (both incentive stock options and nonqualified stock options), restricted stock, stock appreciation rights, performance shares, performance stock units, dividend equivalents, stock payments, deferred stock, and restricted stock units.

Persons eligible to participate in the 2013 Plan include all employees and consultants of Omnicom and its subsidiaries, members of our Board or, as applicable, members of the board of directors of a subsidiary, as determined by the committee administering the 2013 Plan (the “IAP Committee”). The IAP Committee is appointed by our Board, and currently is comprised of the members of our Compensation Committee. With respect to awards to independent directors, Omnicom’s Board administers the 2013 Plan.

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STOCK OWNERSHIP INFORMATION

All of our current equity compensation plans have been approved by shareholders. The following table provides information about our current equity compensation plans as of December 31, 2019.

Plan Category       Number of securities
to be issued upon
exercise of outstanding
options, warrants
and rights
(#)
       Weighted-average
exercise price of
outstanding options,
warrants and rights
($/shr)
       Number of
securities remaining
available for
future issuance
(#)
Equity compensation plans approved by security holders: 2013 Incentive Award Plan and previously adopted equity incentive plans (other than our ESPP)866,000$83.8024,648,995(1)
Equity compensation plans approved by security holders: ESPP Shares8,599,311(2)
Equity compensation plans not approved by security holders
Total866,000$83.8033,248,306
(1)The maximum number of shares that may be issued under our 2013 Plan pursuant to awards granted after December 31, 2012 is 33,040,000. This number is subject to upward adjustment since awards granted under previously adopted plans (“Prior Plans”) that are forfeited or expire may be used again under the 2013 Plan. Any share of common stock that is subject to an option or stock appreciation right granted from our 2013 Plan is counted against this limit as one share of common stock for every one share of common stock granted. Any share of common stock that is subject to an award other than an option or stock appreciation right granted from the 2013 Plan is counted against this limit as 3.5 shares of common stock for every one share of common stock granted. The figure above includes 24,648,995 shares that may be issued under our 2013 Plan, which assumes that all securities available for future issuance are subject to options or stock appreciation rights. If all securities available for future issuance were subject to awards other than options or stock appreciation rights, this figure would be 7,042,570. Our 2013 Plan provides that we may no longer grant any awards under our Prior Plans. As of December 31, 2019, there were 866,000 stock options outstanding under our equity compensation plans (other than our ESPP) with a weighted-average exercise price of $83.80 and a weighted-average term of 3.28 years and 3,085,135 unvested full value shares outstanding under our equity compensation plans (other than our ESPP).
Information About Voting(2)The ESPP is a tax-qualified plan in which all eligible full-time and the Meetingpart-time domestic employees may participate.

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INFORMATION ABOUT VOTING AND
THE MEETING
____________________

Hybrid Meeting

This year, the Annual Meeting will be a “hybrid” meeting, meaning that shareholders may attend online via a live audio webcast at www.virtualshareholdermeeting.com/OMC2020, or in person in Greenwich, Connecticut. In light of guidance from the U.S. Centers for Disease Control and Prevention and our continued commitment to the safety of our employees and shareholders, we encourage shareholders to participate in the 2020 Annual Meeting online.

Record Date Shares Outstanding

Holders of our common stock, par value $0.15 per share, as of the close of business on April 5, 2017,22, 2020, will be entitled to vote their shares at the 20172020 Annual Meeting. On that date, there were 232,921,447214,282,876 shares of our common stock outstanding, each of which is entitled to one vote for each matter to be voted on at the 20172020 Annual Meeting.

Quorum; Required Vote; Effect of an AbstentionAbstentions and Broker Non-Votes

More than 50% of the shares entitled to vote will constitute a quorum for the transaction of business at the 20172020 Annual Meeting. Abstentions and broker non-votes will be counted for purposes of determining whether a quorum exists. Broker non-votes are proxies returned by brokers or other nominees who do not vote on a particular item because they did not receive instructioninstructions from the beneficial owner and were not permitted to exercise discretionary voting authority. If a quorum is not present, the shareholders who are present or represented may adjourn the meeting until a quorum exists. The time and place of the adjourned meeting will be announced at the time the adjournment is taken, and no other notice need be given. We will, however, publish a press release if the meeting is adjourned to another date. An adjournment will have no effect on business that may have already been conducted at the meeting.

In order to obtain approval of the election of any nominee as a director when the number of nominees equals the number of directors to be elected, assuming a quorum exists, a director nominee must receive a majority of the votes cast with respect to such nominee, meaning the number of shares voted “for” a director nominee must exceed the number of votes cast “against” that nominee. Abstentions and broker non-votes will not be considered as votes cast and will have no effect on the election of directors. In order to approve, on an advisory basis, the resolution on the Company’s executive compensation, approve on an advisory basis, the frequency of future advisory votes on the Company's executive compensation and ratify the appointment of KPMG LLP as our independent auditors, and approve the shareholder proposal described in the Proxy Statement, assuming a quorum exists, the affirmative vote of the holders of a majority of the shares represented at the meeting and actually voting on the item is required. Abstentions and broker non-votes will not be considered as voting on the items, and thus will have no effect on the outcome of itemsItems 2, 3 and 4.

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INFORMATION ABOUT VOTING AND THE MEETING

Voting Prior to the Meeting

YouWhether or not you plan to attend the 2020 Annual Meeting, online or in person, we encourage you to vote your shares as soon as possible to ensure that your shares will be represented at the 2020 Annual Meeting. Prior to the meeting, you can vote your shares by proxy card, through the Internet or by telephone or in person.telephone. Votes submitted through the Internet or by telephone must be received by 11:59 p.m. Eastern Daylight Time on Wednesday, May 24, 2017.Monday, June 8, 2020. We have adopted the Internet and telephone voting procedures to authenticate shareholders’ identities, to allow shareholders to provide their voting instructions and to confirm that their instructions have been recorded properly. By submitting your proxy through the Internet, by telephone or by using the proxy card, you will authorize two of our officers or their designees to represent you and vote your shares at the meeting in accordance with your instructions or, if no instructions are given, your shares will be voted as described below in the section entitled “Default Voting.”

Fidelity Management Trust Company, as trustee under our retirement savings plan, and Computershare Trust Company, Inc., as administrator of our ESPP, will vote common stock heldin the plans as indicated by participants in whose accounts the shares are held, whether or not vested, on their proxies. Please note that your shares held in either plan will be voted as you instruct if your proxy card, telephone or Internet voting instructions are received on or before 11:59 p.m. Eastern Daylight Time on Monday, May 22, 2017. In accordance with the terms of the retirement savings plan, Fidelity Management Trust Company will vote all shares for which it does not receive voting instructions by the deadline provided above in the same proportion on each issue as it votes the shares for which it does receive instructions. In accordance with the terms of the ESPP, Computershare Trust Company, Inc. will not vote shares for which it does not receive voting instructions by the deadline provided above.

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Information About Voting and the Meeting

Voting by Street Name Holders

If you are the beneficial owner of shares held in “street name” by a broker, bank or other nominee, the broker, bank or other nominee, as the record holder of the shares, is required to vote those shares according to your instructions. Your broker, bank or other nominee should have sent you a voting instruction card for you to use in directing it on how to vote your shares.

Under existing rules, if your broker holds your shares in its name and you have not given voting instructions, your broker nonetheless has the discretion to authorize the designatedproxiesdesignated proxies to act, except on certain matters. As such, they could vote in respect of the ratification of the appointment of KPMG LLP as our independent auditors, but not on the election of directors, the advisory resolution to approve executive compensation or the advisoryshareholder proposal.

Fidelity Management Trust Company, as trustee under our retirement savings plan, and Computershare Trust Company, Inc., as administrator of our ESPP, will vote common stock held in the plans as indicated by participants in whose accounts the shares are held, whether or not vested, on their proxies. Please note that your shares held in either plan will be voted as you instruct if your proxy card, telephone or Internet voting instructions are received on or before 11:59 p.m. Eastern Daylight Time on Thursday, June 4, 2020. In accordance with the frequencyterms of future advisory resolutionsthe retirement savings plan, Fidelity Management Trust Company will vote all shares for which it does not receive voting instructions by the deadline provided above in the same proportion on each issue as it votes the shares for which it does receive instructions. In accordance with the terms of the ESPP, Computershare Trust Company, Inc. will not vote shares for which it does not receive voting instructions by the deadline provided above.

Voting at the Meeting

You may also vote your shares by attending the 2020 Annual Meeting, online or in person.

To attend in person you must bring a valid photo identification, such as a driver’s license or passport, for verification against our record date shareholder list. If you are the beneficial owner of shares held in “street name” by a broker, bank or other nominee and you plan to approve executive compensation.attend the 2020 Annual Meeting in person, you should bring a brokerage statement showing your ownership of the shares as of the record date or a letter from the broker, bank or other nominee confirming such ownership, and a valid photo identification. If you wish to vote your shares that are held by a broker, bank or other nominee in person at the meeting, you must obtain a proxy from your broker, bank or other nominee and bring such proxy to the meeting.

To attend the 2020 Annual Meeting online visit www.virtualshareholdermeeting.com/OMC2020 and enter the 16-digit control number included on your Notice of Internet Availability of Proxy Materials or proxy card. Shareholders of record that hold shares directly in their own name through our transfer agent, Equiniti Trust Company, as well as participants in our employee retirement savings plan and ESPP, must pre-register to attend the 2020 Annual Meeting online at www.proxypush.com/OMC prior to the deadline of Tuesday, June 2, 2020 at 5:00 p.m. Eastern Daylight Time. Upon completing your registration, you will receive further instructions via email that you must follow to attend the Annual Meeting. No advance registration is needed if you are the beneficial owner of shares held in street name. Once admitted to the 2020 Annual Meeting, you may vote shares held in your name as the shareholder of record and shares held in street name for which you are the beneficial owner during the meeting.

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INFORMATION ABOUT VOTING AND THE MEETING

“Default” Voting

If you submit a proxy, whether through the Internet, by telephone or by using the proxy card, but do not indicate any voting instructions, your shares will be voted FOR“for” the election of all nominees for director, FOR“for” the advisory resolution to approve the Company'sCompany’s executive compensation, for ONE YEAR as the frequency of future advisory votes on the Company's executive compensation, and FOR“for” the ratification of the appointmentofappointment of KPMG LLP.LLP, and “against” the shareholder proposal. If any other business properly comes before the shareholders for a vote at the meeting, your shares will be voted according to the discretion of the holders of the proxy. They may also vote your shares to adjourn the meeting and will be authorized to vote your shares at any adjournments or postponements of the meeting.

Right to Revoke

If you submit your proxy, you may change your voting instructions at any time prior to the vote at the 20172020 Annual Meeting. For shares held directly in your name, you may change your vote by granting a new proxy, through the Internet, by telephone or in writing, which bears a later date (thereby automatically revoking the earlier proxy) or by attendingthe 2017attending the 2020 Annual Meeting and voting in person.voting. For shares beneficially owned by you, but held in “street name” by a broker, bank or other nominee, please refer to the information forwarded to you by your broker, bank or other nominee for instructions on revoking or changing your proxy.

Tabulation of Votes

Wells Fargo Bank, N.A.Equiniti Trust Company will act as inspectors at the 20172020 Annual Meeting. They will determine the presence of a quorum and will tabulate and certify the votes.

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Additional Information


Section 16(a) Beneficial Ownership Reporting ComplianceADDITIONAL INFORMATION

Section 16(a) of the Exchange Act, requires our directors and executive officers, and persons who own more than 10% of our common stock, to file reports of ownership and changes in ownership of our common stock with the SEC. Purchases and sales of our common stock by such persons are published on our website at http://www.omnicomgroup.com.

Based solely upon a review of the copies of such reports filed with the SEC, and on written representations from our reporting persons, we believe that all Section 16(a) filing requirements applicable to our executive officers, directors and persons who own more than 10% of our common stock were complied with during 2016.

Transactions with Related Persons

We review all relationships and transactions between Omnicom or its subsidiaries and related persons to determine whether such persons have a direct or indirect material interest. Related persons include any director, nominee for director, officer or their immediate family members. Although we do not have a written policy governing such transactions, Omnicom’s legal staff is primarily responsible for the development and implementation of processes and controls to obtain information from the directors and officers with respect to related person transactions and for then determining, based on the facts and circumstances, whether the Company or a related person has a direct or indirect material interest in the transaction. As part of this process, and pursuant to our Audit Committee’s charter, the Audit Committee reviews our policies and procedures with respect to related person transactions. These policies and procedures have been communicated to, and are periodically reviewed with, our directors and executive officers, and the Audit Committee documents in its minutes any actions that it takes with respect to such matters. Under SEC rules, transactions that are determined to be directly or indirectly material to Omnicom, its subsidiaries or a related person are required to be disclosed in Omnicom’s Proxy Statement. In the course of reviewing arelated party transaction, Omnicom considers (a) the nature of the related person’s interest in the transaction, (b) the material terms of the transaction, (c) the importance of the transaction to the related person and Omnicom or its subsidiaries, (d) whether the transaction would impair the judgment of a director or officer to act in the best interest of Omnicom, and (e) any other matters deemed appropriate.

Based on the information available to us and provided to us by our directors and officers, we do not believe that there were any such material transactions in effect since January 1, 2016, or any such material transactions proposed to be entered into during 2017, with the following exception. Mr. Wren’s brother, Christopher Wren, is employed as the Financial Systems Director for RAPP, a subsidiary of Omnicom. In 2016, his total compensation was $222,499, including salary, bonus and other benefits.

____________________

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Additional Information

Expense of Solicitation

We are making and will bear all costs of this proxy solicitation. Proxies may be solicited by mail, in person, by telephone or by facsimile or electronic transmission by our officers, directors, and regular employees. We may reimburse brokerage firms, banks, custodians, nominees and fiduciaries for their expenses to forward proxy materials to beneficial owners. We have retainedMorrow Sodali LLC, 470 Westretained EQ Proxy Services, 90 Park Avenue, Stamford, CT 06902New York, NY 10016 to assist in the solicitation of proxies. For these services, we will pay Morrow SodaliEQ Proxy Services a fee of approximately $10,500$9,000 and reimburse it for certain out-of-pocket disbursements and expenses.

Incorporation by Reference

To the extent that this Proxy Statement is incorporated by reference into any other filing by Omnicom under the Securities Act of 1933 or the Exchange Act, the sections of this Proxy Statement entitled “Compensation Committee Report” and“Auditand “Audit Committee Report” (to the extent permitted by the rules of the SEC) will not be deemed incorporated, unless specifically provided otherwise in such filing.

Availability of Certain Documents

In accordance with the rules promulgated by the SEC, we have elected to provide access to our proxy materials on the Internet. This Proxy Statement and our 20162019 Annual Report to Shareholders are available, beginning April 13, 2017,29, 2020, on our website at http://investor.omnicomgroup.com. You may also access our Proxy Statement and our 20162019 Annual Report to Shareholders at https://materials.proxyvote.com/681919. You also may obtain a copy of this document, our 20162019 Annual Report to Shareholders, our Corporate Governance Guidelines, our Code of Business Conduct, our Code of Ethics for SeniorFinancialSenior Financial Officers and the charters for our Audit, Compensation, Governance Finance and ExecutiveFinance Committees, without charge, by writing to: Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022, Attn: Corporate Secretary. All of these documents also are available after being approved by the Board through our website at http://www.omnicomgroup.com. Please note that the information contained on our website is not incorporated by reference in, or considered to be part of, this Proxy Statement.

Delivery of Documents to Shareholders Sharing an Address

If you are the beneficial owner of shares of our common stock held in “street name” by a broker, bank or other nominee, your broker, bank or other nominee may only deliver one copy of this Proxy Statement and our 20162019 Annual Report to Shareholders to multiple shareholders who share an address unless that broker, bank or other nominee has received contrary instructions from one or more of the shareholders at a shared address. We will deliver promptly, upon written or oral request, a separate copy of this Proxy Statement and our 20162019 Annual Report to Shareholders to a shareholder at a shared address to which a single copy of the documents was delivered. A shareholder who wishes to receive a separate copy of the Proxy StatementandStatement and Annual Report to Shareholders, now or in the future, should submit this request by writing to: Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022, Attn: Corporate Secretary or by calling our Corporate Secretary at (212) 415-3600. Beneficial owners sharing an address who are receiving multiple copies of Proxy Statements and Annual ReportReports to Shareholders and who wish to receive a single copy of such materials in the future will need to contact their broker, bank or other nominee to request that only a single copy of each document be mailed to all shareholders at the shared address in the future.

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ADDITIONAL INFORMATION

Shareholder Communications with Board Members

Interested parties, including shareholders, may communicate (if they wish on a confidential, anonymous basis) withProposals and Director Nominations for the outside directors, the Chairs of our Audit, Compensation, Finance, Governance and Executive Committees or any individual director (including our Lead Independent Director who presides over the executive sessions of our independent non-management directors) on board-related issues by writing to such director, the Committee Chair or to the outside directors as a groupc/o Corporate Secretary at Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022. The envelope should clearly indicate the person or persons to whom the Corporate Secretary should forward the communication. Communications will be distributed to the Board, or to any individual director or directors as appropriate, depending on the facts and circumstances outlined in the communications.

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Shareholder Proposals and Director Nominations for the 2018 Annual Meeting


Any shareholder who wishes to present a proposal for inclusion in next year’s proxy statement and form of proxy under Rule 14a-8 must deliver the proposal to our principal executive offices no later than the close of business on December 14, 2017.30, 2020. Proposals should be addressed to: Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022, Attn: Corporate Secretary.

For proposals or director nominations submitted outside the process of Rule 14a-8, our By-laws require that written notice of the proposal or nomination be provided to our Corporate Secretary no less than 60 days prior to the date set for the 20182021 Annual Meeting of Shareholders. In order for a nomination for director or proposal to be considered, the notice must include, as to each nominee (if applicable) and the submitting shareholder, the information as to such nominee and shareholder that would be required to be included in a proxy statement under the proxy rules of the SEC if such shareholder were to solicit proxies from all shareholders of Omnicom for the election of such nominee as a director or approval of such proposal and such solicitation were one to which Rules 14a-3 to 14a-12 under the Exchange Act, apply.

In addition, our By-laws provide a proxy access right permitting certain of our shareholders who have beneficially owned 3% or more of our outstanding common stock continuously for at least three years to submit nominations via the Company’sproxyCompany’s proxy materials for up to 20% of the directors then serving, but not less than two. Notice of proxy access director nominations for the 20182021 Annual Meeting of Shareholders must be delivered to our principal executive offices no earlier than November 14, 201730, 2020 and no later than the close of business on December 14, 2017.30, 2020. Proposals should be addressed to: Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022, Attn: Corporate Secretary. In addition, the notice must set forth the information required by our By-laws with respect to each proxy access director nomination that a shareholder intends to present at the 20182021 Annual Meeting of Shareholders.

A copy of the applicable By-law provisions may be obtained, without charge, upon written request addressed to: Omnicom Group Inc., 437 Madison Avenue, New York, New York 10022, Attn: Corporate Secretary. As the rules of the SEC and our By-laws make clear, submitting a proposal or nomination does not guarantee its inclusion.

Michael J. O’Brien
Secretary
Secretary

New York, New York
April 13, 201729, 2020

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Annex A


ANNEX A
____________________

Non-GAAP Financial Information

We present financial measures determined in accordance with generally accepted accounting principles in the United States (“GAAP”) and adjustments to the GAAP presentation (“Non-GAAP”), which we believe are meaningful for understandinguseful measures to evaluate the performance of our performance.businesses. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP. Non-GAAP financial measures as reported by us may not be comparable to similarly titled amounts reported by other companies.

We define free cash flow (a Non-GAAP liquidity measure) as net income plus depreciation, amortization, share based compensation expense and plus/(less) other items to reconcile to net cash provided by operating activities. We believe free cash flow is a useful measure of liquidity to evaluate our ability to generate excess cash from our operations.

Our method of calculating free cash flow may differ from methods used by other companies and, accordingly, may not be comparable to such other companies'companies’ measures. See the reconciliation of free cash flow to net income, the most directly comparable GAAP measure, below.

Reconciliation of Free Cash Flow to Net Income
 Year Ended
December 31,
      2016     2015  
Net Income$1,246.7$1,203.4
     Depreciation and Amortization Expense292.9291.1
     Share-Based Compensation Expense93.499.4
     Other Items to Reconcile to Net Cash Provided by Operating Activities, net(24.8)20.8
Free Cash Flow$1,608.2$1,614.7

Reconciliation of Free Cash Flow to Net Income

Year Ended December 31,
2019     2018
Net Income$1,435.9$1,440.5
Depreciation and Amortization Expense231.5264.0
Share-Based Compensation Expense72.570.5
Net Gain from Disposition of Subsidiaries(178.4)
Impact of Tax Cuts and Jobs Act of 201728.9
Other Items to Reconcile to Net Cash Provided by Operating Activities, net(9.0)16.3
Free Cash Flow$1,730.9$1,641.8

We define after tax reported operating profit (a Non-GAAP financial measure) as reported operating profit less income taxes calculated using the effective tax rate for the applicable period. We believe after tax reported operating profit is a useful measure of after tax operating performance as it excludes the after tax effects of financing and investing activities on results of operations.

Our method of calculating after tax reported operating profit may differ from methods used by other companies and, accordingly, may not be comparable to such other companies'companies’ measures. See the reconciliation of after tax reported operating profit to reported operating profit, the most directly comparable GAAP measure, below.

Reconciliation of After Tax Reported Operating Profit to Reported Operating Profit
Year Ended
December 31,
 
     20162015
Reported Operating Profit$2,008.9$1,920.1
     Effective Tax Rate for the applicable period32.6%32.8%
     Income Taxes on Reported Operating Profit654.9629.8
After Tax Reported Operating Profit$1,354.0$1,290.3
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AnnexANNEX A

Reconciliation of After Tax Reported Operating Profit to Reported Operating Profit

Year Ended December 31,
2019     2018
Reported Operating Profit$2,122.3$2,133.5
Effective Tax Rate for the Applicable Period26.0%25.6%
Income Taxes on Reported Operating Profit551.8546.2
After Tax Reported Operating Profit$1,570.5$1,587.3

We use EBITA and EBITA Margin as additional operating performance measures that exclude the non-cash amortization expense of intangible assets, which primarily consists of amortization of intangible assets arising from acquisitions. We define EBITA as earnings before interest, taxes and amortization of intangible assets, and EBITA Margin as EBITA divided by revenue, both of which are Non-GAAP financial measures. We use EBITA and EBITA Margin as additional operating performance measures, which exclude the non-cash amortization expense of intangible assets, primarily consisting of intangible assets related to acquired businesses. We believe that EBITA and EBITA Margin are useful measures for investors to evaluate the performance of our businesses.

The following table reconciles EBITA and EBITA Margin to the U.S.most directly comparable GAAP financial measure, of Net Income - Omnicom Group Inc. to EBITA and EBITA Margin, for the periods presented (in millions):

Reconciliation of Net Income to EBITA
Year ended
December 31,
     2016     2015
Net Income - Omnicom Group Inc.$1,148.6$1,093.9
Net Income Attributed To Noncontrolling Interests98.1109.5
Net Income1,246.71,203.4
Income From Equity Method Investments5.48.4
Income Tax Expense600.5583.6
Income Before Income Taxes and Income From Equity Method Investments1,841.81,778.6
Interest Expense209.7181.1
Interest Income42.639.6
Operating Profit2,008.91,920.1
Add back: Amortization of intangible assets115.2109.3
EBITA$2,124.1$2,029.4
         
Revenue$15,416.9$15,134.4
EBITA$2,124.1$2,029.4
EBITA Margin13.8%13.4%

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Year ended December 31,
2019     2018
Net Income – Omnicom Group Inc.$1,339.1$1,326.4
Net Income Attributed To Noncontrolling Interests96.8114.1
Net Income1,435.91,440.5
Income From Equity Method Investments2.08.9
Income Tax Expense504.4492.7
Income Before Income Taxes and Income From Equity Method Investments1,938.31,924.3
Interest Expense244.3266.4
Interest Income60.357.2
Operating Profit2,122.32,133.5
Add back: Amortization of intangible assets83.8102.5
EBITA2,206.12,236.0
Revenue14,953.715,290.2
EBITA$2,206.1$2,236.0
EBITA Margin14.8%14.6%

www.omnicomgroup.com79



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ANNEX A

When calculating our diluted EPS growth performance metric, we made adjustments to Net Income – Omnicom Group Inc. for the years ended December 31, 2019 and 2018. The following table shows the adjustments made (in millions, except per share amounts):

Calculation of Net Income used for Diluted EPS Growth

Year ended December 31,
2019     2018
Net Income – Omnicom Group Inc.$1,339.1$1,326.4
Impact of Tax Cuts and Jobs Act of 201728.9
Net Gain on Disposition of Subsidiaries, Less Repositioning Actions(47.1)
Adjustments to Net Income – Omnicom Group Inc. for Metric(18.2)
Net Income used for Diluted EPS Growth Performance Metric1,339.11,308.2
Net Income Allocated to Participating Securities(0.1)
Adjusted Net Income Available for Common Shareholders for Diluted EPS Growth Performance Metric$1,339.1$1,308.1
Diluted Weighted Average Shares for EPS Calculation220.9227.6
Adjusted Diluted EPS for Performance Metric$6.06$5.75
Diluted EPS Growth from 2018 to 20195.4%

802020Proxy Statement


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This proxy statement was printed in the USA in a facility that uses exclusively vegetable based inks, 100% renewable wind energy and releases zero VOCs into the environment.


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       Shareowner Services
P.O. Box 64945
St. Paul, MN 55164-0945
 
 

Address Change? Mark box, sign, and indicate changes below:

  
          

 

TO VOTE BY INTERNET OR TELEPHONE, SEE REVERSE SIDE OF THIS PROXY CARD.











TO VOTE BY MAIL, SIMPLY INDICATE VOTING DIRECTIONS ON THE ITEMS BELOW, SIGN, DATE, AND RETURN THIS PROXY CARD.

The Board of DirectorsUNANIMOUSLY Recommends a VoteFORall Nominees in Item 1.

          1. Election of directors:
     FOR     AGAINST     ABSTAIN
01 John D. Wren
02 Bruce CrawfordMary C. Choksi
03 Alan R. BatkinLeonard S. Coleman, Jr.
                            
         FOR     AGAINST     ABSTAIN          
07 Susan S. Denison
0806 Deborah J. Kissire
09 John R. Murphy07 Gracia C. Martore
08 Linda Johnson Rice


   Please fold here – Do not separate   

                           
              04 Mary C. ChoksiSusan S. Denison               
05 Robert Charles Clark
06 LeonardRonnie S. Coleman, Jr.Hawkins
                           
    10 John R. Purcell09 Valerie M. Williams                         
11 Linda Johnson Rice
12 Valerie M. Williams


The Board of DirectorsUNANIMOUSLY Recommends a VoteFORItem Items 2
Every
ONE YEAR for Item 3 andFORItem 4. 3.

          2. Advisory resolution to approve executive compensation.    For  Against  Abstain          
 
3.Advisory vote on the frequency of future shareholder advisory resolutions to approve executive compensation.One
Year
Two
Years
Three
Years
Abstain
4.Ratification of the appointment of KPMG LLP as the Company’s independent auditors for the 20172020 fiscal year.ForAgainstAbstain

The Board of DirectorsUNANIMOUSLY Recommends a VoteAGAINST Item 4.

4. Shareholder proposal regarding proxy access amendment.ForAgainstAbstain
 

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED AS DIRECTED OR, IF NO DIRECTION IS GIVEN, WILL BE VOTEDFOR ALL NOMINEES IN ITEM 1,FOR ITEM ITEMS 2 EVERYONE YEARFOR ITEMAND 3 ANDFORAGAINST ITEM 4.

Please indicate if you plan to attend the virtual annual meeting by marking this box.
Provide your email address to receive electronic directions to attend the virtual meeting.
Email address:  

          Date             
 Signature(s) in Box
      Please sign exactly as your name(s) appears on the Proxy. If held in joint tenancy, all persons should sign. Trustees, administrators, etc., should include title and authority. Corporations should provide full name of corporation and title of authorized officer signing the Proxy. 

            
            



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ANNUAL MEETING OF SHAREHOLDERS

Thursday, May 25, 2017Tuesday, June 9, 2020
10:00 a.m. CentralEastern Daylight Time

DDB ChicagoICON International
200One East RandolphWeaver Street
Chicago, IL 60601Greenwich, Connecticut 06831

Shareholders may also attend online at
www.virtualshareholdermeeting.com/OMC2020

For your reference, the Proxy Statement to solicit proxies for our 20172020 Annual Meeting of Shareholders and our
20162019 Annual Report to Shareholders are available, beginning April 13, 2017,29, 2020, at:
https://materials.proxyvote.com/681919

Omnicom Group Inc.
437 Madison Avenue
New York, NY 10022
proxy

This proxy is solicited by the Board of Directors for use at the Annual Meeting on Thursday, May 25, 2017.Tuesday, June 9, 2020.


The shares of stock you hold in your account or in a dividend reinvestment account will be voted as you specify on the reverse side.

If no choice is specified, the proxy will be voted “FOR” all nominees in Item 1, “FOR” ItemItems 2 every “ONE YEAR” for Itemand 3, and “FOR”“AGAINST” Item 4, and in the discretion of the proxies upon such other matters as may properly come before the Annual Meeting.

By signing the proxy, you revoke all prior proxies and appoint Philip J. Angelastro and Michael J. O’Brien, and each of them with full power of substitution, to vote your shares on the matters shown on the reverse side and any other matters which may come before the Annual Meeting and postponements or adjournments.

If the undersigned is a participant in our employee retirement savings plan and/or our employee stock purchase plan and has Omnicom stock allocated to his or her account(s), then the undersigned directs the trustee or the administrator of the relevant plan likewise to appoint the above-named individuals as proxies to vote and act with respect to all shares of such stock so allocated in the manner specified on the reverse of this card and in their discretion on all matters as may properly come before the meeting. If you are such a participant and your voting instructions are not received by 11:59 p.m. Eastern Daylight Time, on Monday, May 22, 2017,Thursday, June 4, 2020, the trustee of the employee retirement saving plan will vote your plan shares in the same proportion as it votes all other shares in the plan for which it has received timely voting instructions and the administrator of the employee stock purchase plan will not vote your shares.


Vote by Internet, Telephone or Mail
24 Hours a Day, 7 Days a Week

Your phone or Internet vote authorizes the named proxies to vote your shares
in the same manner as if you marked, signed and returned your proxy card.

INTERNETPHONEMAIL
www.proxypush.com/omc1-866-883-3382
Mark, sign and date your proxy
Use the Internet to vote your proxyUse a touch-tone telephone tocard and return it in the
until 11:59 p.m. Eastern Daylight Timevote your proxy until 11:59 p.m. Easternpostage-paid envelope provided.
on Wednesday, May 24, 2017Monday, June 8, 2020 or, forDaylight Time on Wednesday, May 24, 2017Monday, June 8, 2020 or,
shares held in Omnicom employeefor shares held in Omnicom employee
plans, 11:59 p.m. Eastern Daylightplans, 11:59 p.m. Eastern Daylight Time
Time on Monday, May 22, 2017.Thursday, June 4, 2020.on Monday, May 22, 2017.Thursday, June 4, 2020.

If you vote your proxy by Internet or by telephone, you do NOT need to mail back your Proxy Card.


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Shareowner Services
P.O. Box 64945
St. Paul, MN 55164-0945

OMNICOM GROUP INC.
437 Madison Avenue, New York, NY 10022

Annual Meeting of Shareholders

Tuesday, June 9, 2020
10:00 a.m. Eastern Daylight Time

ICON International
One East Weaver Street
Greenwich, Connecticut 06831

Shareholders may also attend online at
www.virtualshareholdermeeting.com/OMC2020


Important Notice Regarding the Availability of Proxy Materials for the
Shareholder Meeting to be Held on June 9, 2020

This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We encourage you to access and review all of the important information contained in the proxy materials before the meeting.

Notice is hereby given that the Annual Meeting of Shareholders of Omnicom Group Inc. (the “Company”) will be held at ICON International, One East Weaver Street, Greenwich, Connecticut 06831 on Tuesday, June 9, 2020 at 10:00 a.m. Eastern Daylight Time. Directions to the Annual Meeting where you may vote in person can be found on our website, http://investor.omnicomgroup.com.

In light of public health considerations due to the COVID-19 pandemic, we have decided to hold a “hybrid” Annual Meeting. As such, shareholders will have the opportunity to attend the Annual Meeting online at www.virtualshareholdermeeting.com/OMC2020, along with the option to attend in person. In order to attend the Annual Meeting online, you must pre-register at www.proxypush.com/OMC prior to the deadline of Tuesday, June 2, 2020 at 5:00 p.m. Eastern Daylight Time.

The Annual Report and Proxy Statement are available atwww.proxydocs.com/omc.

If you want to receive a paper copy or an e-mail with links to the electronic materials, you must request one. There is no charge to you for requesting a copy. Please make your request for a copy as instructed on the reverse side of this notice on or before May 26, 2020 to facilitate timely delivery.

The Board of Directors has fixed the close of business on April 22, 2020 as the record date (the “Record Date”) for the determination of shareholders entitled to receive notice of and to vote at the Annual Meeting or any adjournment(s) thereof.

Matters intended to be acted upon at the meeting are listed below.

The Board of DirectorsUNANIMOUSLYrecommends that you voteFOR all director nominees andFOR proposals 2 and 3:

1. Election of Directors.
2. Advisory resolution to approve executive compensation.
3. Ratification of the appointment of KPMG LLP as the Company’s independent auditors for the 2020 fiscal year.

The Board of DirectorsUNANIMOUSLYrecommends that you voteAGAINSTproposal 4:

4. Shareholder proposal regarding proxy access amendment.


THIS IS NOT A FORM FOR VOTING

You may immediately vote your proxy on the Internet at:

www.proxypush.com/omc

Use the Internet to vote your proxy 24 hours a day, 7 days a week, until 11:59 p.m. (EDT) on Monday, June 8, 2020.
Please have this Notice and the last four digits of your Social Security Number or Tax Identification Number available. Follow the instructions to vote your proxy.

Your Internet vote authorizes the Named Proxies to vote your shares in the same manner as if you marked, signed and returned your proxy card.


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The following proxy materials are available for you to view online at:www.proxydocs.com/omc:

The Company’s 2020 Proxy Statement;
The Company’s 2019 Annual Report to Shareholders (which is not deemed to be part of the official proxy soliciting materials); and
Any amendments to the foregoing materials that are required to be furnished to shareholders.

To request paper copies of the proxy materials, which include the proxy card,
2020 Proxy Statement and 2019 Annual Report to Shareholders, or to request paper
copies of the proxy materials for future meetings, please contact us via:

Internet– Access the Internet and go towww.investorelections.com/omc. Follow the instructions to log in, and order copies.

Telephone– Call us free of charge at 866-870-3684 in the U.S. or Canada, using a touch-tone phone, and follow the instructions to log in and order copies.

Email– Send us an email at paper@investorelections.com with “OMC Materials Request” in the subject line. The email must include:
The 11-digit control # located in the box in the upper right hand corner on the front of this notice.
Your preference to receive printed materials via mail -or- to receive an email with links to the electronic materials.
If you choose email delivery you must include the email address.
If you would like this election to apply to delivery of material for all future meetings, write the word “Permanent” and include the last four digits of your Tax ID number in the email.