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Netflix | 8-K: Voting Results of Annual Shareholders' Meeting

SEC ·  Jun 7, 2024 17:18

Summary by Futu AI

Netflix held its 2024 annual stockholders meeting on June 6, with 372.37 million shares represented. All nine board nominees, including Reed Hastings, Greg Peters, and Ted Sarandos, were successfully re-elected to serve until the 2025 annual meeting. The appointment of Ernst & Young LLP as the independent auditor for 2024 was ratified.Stockholders approved the named executive officer compensation package on a non-binding advisory basis, with 275.46 million votes in favor. However, several stockholder proposals were rejected, including a request for a report on Netflix's use of artificial intelligence (144.32 million for vs 189.03 million against) and a proposal for special shareholder meeting improvements.Other defeated proposals included corporate financial sustainability, director election resignation bylaw, and amendments to the code of ethics. The meeting demonstrated strong support for the current leadership team and management decisions while maintaining existing corporate governance structures.
Netflix held its 2024 annual stockholders meeting on June 6, with 372.37 million shares represented. All nine board nominees, including Reed Hastings, Greg Peters, and Ted Sarandos, were successfully re-elected to serve until the 2025 annual meeting. The appointment of Ernst & Young LLP as the independent auditor for 2024 was ratified.Stockholders approved the named executive officer compensation package on a non-binding advisory basis, with 275.46 million votes in favor. However, several stockholder proposals were rejected, including a request for a report on Netflix's use of artificial intelligence (144.32 million for vs 189.03 million against) and a proposal for special shareholder meeting improvements.Other defeated proposals included corporate financial sustainability, director election resignation bylaw, and amendments to the code of ethics. The meeting demonstrated strong support for the current leadership team and management decisions while maintaining existing corporate governance structures.

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