Summary
This 8-K/A filing from Meta Platforms, Inc. (formerly Facebook, Inc.) provides an update on the outcome of a previous stockholder vote regarding the frequency of "say-on-pay" advisory proposals. Specifically, shareholders voted to hold these advisory votes on executive compensation once every three years. This decision aligns with the company's recommendation and will remain in place until the 2019 annual meeting of stockholders, at which point another vote on the frequency will be held.
Key Highlights
- 1Stockholders voted for a triennial (every three years) advisory vote on executive compensation.
- 2This decision follows an advisory vote held at the annual meeting on June 11, 2013.
- 3The company's Board of Directors has adopted this frequency recommendation.
- 4The "say-on-pay" advisory vote will be held every three years, with the next scheduled for the 2019 annual meeting.
- 5This filing is an amendment (8-K/A) to a previous report, confirming the company's action based on stockholder input.