Summary by Futu AI
Constellation Brands held its Annual Meeting of Stockholders on July 17, 2024, where shareholders voted on several key matters. All thirteen nominated directors were successfully elected to the Board for one-year terms, with William A. Newlands receiving the highest approval rate of over 157 million votes.Shareholders ratified KPMG LLP as the independent auditor for FY2025 and approved the executive compensation package through an advisory vote. However, three environmental-focused stockholder proposals were rejected: managing supply chain water risk, greenhouse gas emissions, and circular packaging initiatives received approximately 35%, 27%, and 24% support respectively.Notably, while most directors received strong support, Richard Sands and Robert Sands faced relatively higher opposition, each receiving about 30 million votes against their election, though both were ultimately confirmed to the Board.