Tesla AGM Results
Stock plan receives almost identical support as in 2018
Director elections:
James Murdoch: 67.9% (60.8% when Musk bros. shares backed out)
Kimbal Musk: 78.5% (73.9% when Musk bros. shares backed out)
Say-on-Pay: 79.4% (74.9% when Musk bros. shares backed out)
Management proposals:
“Redomestication” of Tesla from Delaware to Texas: 84% (disinterested)
2018 (“$56 billion”) Stock Plan: 72% (disinterested) (73% support in 2018)
Auditor ratification: 96.2%
Shareholder proposals:
Annual director elections: PASS - 53.3% (64.9% when Musk bros. shares backed out)
Simple majority voting standard: PASS - 53.1% (64.6% when Musk bros. shares backed out)
Annual reporting on anti-harassment and discrimination efforts: 30.9% (37.6% when Musk bros. shares backed out)
Adoption of a freedom of association and collective bargaining policy: 20% (24.4% when Musk bros. shares backed out)
Reporting on effects and risks associated with electromagnetic radiation and wireless technologies: 3.6%
Adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans: 9.9%
Committing to a moratorium on sourcing minerals from deep sea mining: 7.5%
Thanks for subscribing and have a great weekend.
PS: let me know what you think of Mr. CorpGov content by reaching out over LinkedIn.
**Disclaimer**
The information provided in this blog/email is gathered using strictly public resources and is for general informational purposes only. While I strive to ensure the accuracy and reliability of the content, I make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained on the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. All posts and opinions expressed on this blog are solely my own and do not reflect the opinions or views of my employer. The content shared here is a representation of my personal thoughts and insights on various topics, and should not be considered as professional advice or the official stance of any organization. Please use your discretion and consult with relevant experts before making any decisions based on the information provided on this blog/in this email.