Summary by Futu AI
On January 23, 2024, Visa Inc. conducted its Annual Meeting of Stockholders where several key proposals were voted upon. The stockholders approved amendments to Visa's Certificate of Incorporation, which will allow the company to conduct exchange offers to release transfer restrictions on Class B common stock. This amendment was filed with the Secretary of State of Delaware and became effective on January 24, 2024. Additionally, the stockholders elected eleven director nominees, approved the compensation of executive officers, ratified the appointment of KPMG LLP as the independent auditor for the fiscal year 2024, and passed a proposal related to the Class B Exchange Offer Program. A stockholder proposal regarding the ratification of termination pay arrangements was not approved. The results of the votes were detailed in the company's definitive proxy statement dated December 7, 2023.