Summary
This Form 8-K from Expedia, Inc. reports on the results of its annual meeting of stockholders held on June 5, 2012. The primary focus of the report is on the voting outcomes for two key proposals: the election of directors and the ratification of the appointment of its independent registered public accounting firm. The meeting saw a significant turnout of shares, with approximately 99.6 million shares of common stock and 12.8 million shares of Class B common stock represented in person or by proxy. Investors can note the strong support for the election of all ten directors, with overwhelming majority votes for each nominee, including key executives like Barry Diller and Dara Khosrowshahi. This indicates a high level of confidence from shareholders in the current board's leadership. Additionally, the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2012, was overwhelmingly ratified by the stockholders, signaling continued shareholder approval of the company's financial oversight and reporting practices.
Key Highlights
- 1Expedia, Inc. held its annual stockholder meeting on June 5, 2012.
- 2All ten director nominees were elected with substantial majority support.
- 3Three directors were elected solely by common stock holders, while seven were elected by a combined vote of common and Class B stock.
- 4Key executives Barry Diller and Dara Khosrowshahi received strong support in their director elections.
- 5The appointment of Ernst & Young LLP as Expedia's independent registered public accounting firm for the fiscal year ending December 31, 2012, was ratified.
- 6The ratification of the auditor received overwhelming approval from stockholders.
- 7A significant portion of Expedia's outstanding shares were represented at the meeting.