Summary by Futu AI
On May 29, 2024, Meta Platforms, Inc. conducted its annual shareholders' meeting via live audio webcast. During the meeting, shareholders voted on a series of fourteen proposals, which were previously detailed in the Proxy Statement filed on April 19, 2024. A significant majority of the combined voting power of Class A and Class B common stock was present, satisfying the quorum requirement. Shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and approved amendments to the company's Amended and Restated Certificate of Incorporation and the 2012 Equity Incentive Plan. However, all shareholder proposals, including those concerning dual class capital structure, generative AI misinformation risks, human rights risks in non-US markets, and company lobbying alignment with climate goals, were not approved. The ten director nominees were elected to serve until the next annual meeting or until their earlier departure from the board.
