According to the Futu Securities News App, Salesforce, the CRM software giant (CRM.US), held its annual shareholder meeting on Thursday. Investors voted to approve executive compensation and other matters, causing a significant increase in Salesforce's stock price. The stock rose 4% on Thursday and was up 1.37% before the market opened, at $256.32. Despite the good performance after the meeting, the stock has fallen nearly 4% since the beginning of this year.

The CEO’s compensation was approved, and the board of directors was re-elected.

At the shareholder meeting, investors voted in favor of all proposals put forward by the company, including the re-election of the board of directors.

In addition, shareholders approved Salesforce's executive compensation plan, which includes a total compensation of $39.65 million for CEO Marc Benioff in fiscal year 2024, an increase of 32% compared to fiscal year 2023.

The incentive plan extension and responsibility amendment were approved.

Salesforce shareholders also voted on the revised employee stock-based incentive plan, which increased the number of reserved shares by 36 million and extended the plan's term.

In addition, investors approved an amendment updating the indemnification provisions for certain executives in accordance with recent changes in Delaware law where Salesforce is headquartered.

According to preliminary results announced during the meeting, proposals put forward by shareholders, including those from conservative nonprofit organization, the National Legal and Policy Center, and investor John Chevedden, did not pass.