Summary by Futu AI
Microsoft held its 2024 Annual Shareholders Meeting on December 10, with 6.4 billion shares voted out of 7.4 billion eligible shares. Shareholders re-elected all 12 directors with approval rates above 90% and approved executive compensation and auditor appointment. Multiple shareholder proposals regarding AI, bitcoin, and human rights reports were rejected.Following GM's announcement to realign its autonomous driving strategy and cease funding Cruise's robotaxi development, Microsoft expects to record an $800 million impairment charge in Q2 FY2025. This charge, not included in previous guidance, will impact quarterly diluted EPS by approximately $0.09.