Summary
This amended 8-K filing from Microsoft Corporation (MSFT) provides an update on the frequency of future shareholder advisory votes on executive compensation, commonly known as "say on pay." Following the company's 2011 Annual Meeting of Shareholders, the Board of Directors has decided to hold these advisory votes on an annual basis. This decision was made in direct response to shareholder sentiment, with over 84% of votes cast in favor of annual frequency.
Key Highlights
- 1Microsoft's Board of Directors will hold "say on pay" advisory votes annually.
- 2Shareholders voted in favor of annual "say on pay" votes with over 84% approval.
- 3This decision aligns with the Board's recommendation for annual frequency.
- 4The next advisory vote on the frequency of "say on pay" votes is scheduled for no later than the 2017 Annual Meeting of Shareholders.
- 5This filing is an amendment to a previous 8-K filed on November 17, 2011, solely to disclose the frequency decision.