Summary
This Form 8-K reports on Microsoft Corporation's 2014 Annual Shareholders Meeting held on December 3, 2014. The key outcomes of the meeting were the re-election of all ten director nominees, with overwhelming support for each. Shareholders also approved, on an advisory basis, the compensation of the Company's named executive officers. Furthermore, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2015 was ratified with a very high percentage of approval.
Key Highlights
- 1All ten director nominees were re-elected by shareholders.
- 2The compensation of Microsoft's named executive officers was approved on an advisory basis with 72.6% of the vote.
- 3Deloitte & Touche LLP was ratified as the independent registered public accounting firm for fiscal year 2015 with 98.9% approval.
- 4A significant majority of shares entitled to vote (7,005,292,367 out of 8,255,024,407) were represented at the meeting.
- 5A shareholder proposal for the adoption of proxy access was rejected by a substantial margin (only 10.5% in favor).
Frequently Asked Questions
The main outcomes were the re-election of all director nominees, advisory approval of executive compensation, and ratification of the independent auditor. A shareholder proposal for proxy access was rejected.
Shareholders approved the compensation of named executive officers on an advisory basis with 72.6% of the votes cast in favor.
Yes, shareholders voted to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2015 with approximately 98.9% approval.
A shareholder proposal to adopt proxy access was presented and rejected by shareholders, with only 10.5% of the votes cast in favor.