Ford Motor Company announced the upcoming 2024 Annual Meeting of Shareholders to be conducted virtually on May 9, 2024. The meeting will allow shareholders to listen, submit questions, and vote remotely. The company highlighted significant steps taken last year to position Ford for the future, organizing into three global business segments: Ford Blue, Ford Model e, and Ford Pro. Despite challenges such as a work stoppage and shifts in the electric vehicle market, Ford delivered solid growth across all business segments. The strategy to offer a diverse range of vehicles has been successful, with Ford producing the best-selling gas-powered, hybrid, and fully electric pickups in the U.S. The international operations are now profitable, and the company is making progress on...Show More

Ford Motor Company announced the upcoming 2024 Annual Meeting of Shareholders to be conducted virtually on May 9, 2024. The meeting will allow shareholders to listen, submit questions, and vote remotely. The company highlighted significant steps taken last year to position Ford for the future, organizing into three global business segments: Ford Blue, Ford Model e, and Ford Pro. Despite challenges such as a work stoppage and shifts in the electric vehicle market, Ford delivered solid growth across all business segments. The strategy to offer a diverse range of vehicles has been successful, with Ford producing the best-selling gas-powered, hybrid, and fully electric pickups in the U.S. The international operations are now profitable, and the company is making progress on quality improvement and cost reduction. Looking ahead, Ford aims to deliver a strong 2024 with a focus on smart capital allocation and less cyclical execution. The board will also seek shareholder votes on director nominations, the ratification of PricewaterhouseCoopers LLP as the independent accounting firm, executive compensation, and the 2024 Stock Plan for Non-Employee Directors. Additionally, three shareholder proposals will be presented, concerning equal voting rights for each share, a child labor audit, and a supply chain transparency and traceability report. The board recommends voting against the shareholder proposals and in favor of the other items.