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NetApp | 8-K: Current report

SEC ·  Sep 13, 2024 04:19

Summary by Futu AI

At NetApp's annual meeting on September 11, 2024, shareholders approved several key proposals, including the election of nine board members and an amendment to the 2021 Equity Incentive Plan that increases the share reserve by 3.25 million common shares. All nominated directors, including CEO George Kurian, received strong shareholder support.Shareholders also approved the advisory vote on Named Executive Officer compensation and ratified Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2025. The amendment to the 2021 Equity Incentive Plan, which introduces compensation governance best practices, received majority approval despite significant opposing votes.Notable board election results showed particularly strong support for June Yang with 166.6 million votes in favor, while T. Michael Nevens received relatively fewer but still substantial support with 155.7 million votes in favor.
At NetApp's annual meeting on September 11, 2024, shareholders approved several key proposals, including the election of nine board members and an amendment to the 2021 Equity Incentive Plan that increases the share reserve by 3.25 million common shares. All nominated directors, including CEO George Kurian, received strong shareholder support.Shareholders also approved the advisory vote on Named Executive Officer compensation and ratified Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2025. The amendment to the 2021 Equity Incentive Plan, which introduces compensation governance best practices, received majority approval despite significant opposing votes.Notable board election results showed particularly strong support for June Yang with 166.6 million votes in favor, while T. Michael Nevens received relatively fewer but still substantial support with 155.7 million votes in favor.

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