01—Abstract
Summary
Summary of the 8-K filed June 21, 2024. Cited figures are marked; the original filing is the authoritative source.
At its Annual Meeting of Shareholders held on June 20, 2024, Delta Air Lines, Inc. shareholders voted on five proposals described in the company's definitive proxy statement filed April 26, 2024.
All twelve director nominees were elected to serve until the next annual meeting. Edward H. Bastian received 436,797,922 votes for and 2,743,246 against, while David G.
DeWalt (390,303,165 for, 43,856,702 against) and Sergio A. L. Rial (386,348,724 for, 53,071,960 against) received the lowest levels of support among the nominees.
Shareholders approved the advisory vote on executive compensation, with 315,755,402 votes for, 117,643,089 against, and 6,690,477 abstaining. They also ratified the appointment of Ernst & Young LLP as independent auditors for 2024, with 534,382,369 votes for, 4,347,513 against, and 879,059 abstaining. Two shareholder proposals were not approved.
A proposal requesting reporting related to third-party political contributions received 15,683,184 votes for and 411,090,147 against. A proposal requesting the adoption of a non-interference policy received 110,780,916 votes for and 321,514,451 against. The filing reports 99,519,973 broker non-votes on the matters where they applied.
02—Key points
Key Highlights
- All twelve director nominees were elected to the Board of Directors at the June 20, 2024 Annual Meeting.
- Shareholders approved the advisory vote on executive compensation: 315,755,402 for, 117,643,089 against, 6,690,477 abstain.
- Shareholders ratified Ernst & Young LLP as independent auditors for 2024: 534,382,369 for, 4,347,513 against, 879,059 abstain.
- Shareholder proposal requesting reporting on third-party political contributions was not approved: 15,683,184 for, 411,090,147 against.
- Shareholder proposal requesting adoption of a non-interference policy was not approved: 110,780,916 for, 321,514,451 against.
- David G. DeWalt (390,303,165 for, 43,856,702 against) and Sergio A. L. Rial (386,348,724 for, 53,071,960 against) received the lowest director vote support among the nominees.
- Broker non-votes of 99,519,973 were reported on the director, executive compensation, and shareholder proposal matters.
03—Questions
Frequently Asked Questions
When and where was the Delta Air Lines annual shareholder meeting held?
The Annual Meeting of Shareholders was held on June 20, 2024. The matters voted on are described in the company's definitive proxy statement filed on April 26, 2024.
Who was elected to the Board of Directors?
All twelve director nominees were elected, including Edward H. Bastian, Maria Black, Willie CW Chiang, Greg Creed, David G. DeWalt, Leslie D. Hale, Christopher A. Hazleton, Michael P. Huerta, Vasant M. Prabhu, Sergio A. L. Rial, David S. Taylor, and Kathy N. Waller. Each serves until the next annual meeting or until a successor is elected and qualified, or earlier death, disqualification, resignation, or removal.
Did shareholders approve executive compensation?
Yes. In the advisory vote on executive compensation, 315,755,402 shares voted for, 117,643,089 voted against, and 6,690,477 abstained, with 99,519,973 broker non-votes.
Which auditor did shareholders ratify for 2024?
Shareholders ratified the appointment of Ernst & Young LLP as the company's independent auditors for 2024, with 534,382,369 votes for, 4,347,513 against, and 879,059 abstaining.
Were the shareholder proposals approved?
No. The proposal requesting reporting related to third-party political contributions received 15,683,184 votes for and 411,090,147 against, and the proposal requesting adoption of a non-interference policy received 110,780,916 votes for and 321,514,451 against. Neither was approved.
04—Continue