Summary
This 8-K filing from Nasdaq, Inc. (NDAQ) details the outcomes of its annual meeting of stockholders held on April 23, 2019. The key information for investors revolves around the shareholder votes on several critical matters. All nominated directors were successfully elected, and the company's executive compensation plan received advisory approval. Furthermore, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019, was ratified. However, a significant outcome was the rejection of the stockholder proposal titled "Right to Act by Written Consent." This indicates that while the board's decisions and executive compensation structure were supported, shareholders did not approve a measure that would allow them to take action outside of formal meetings. The filing also notes the exclusion of certain excess shares from voting due to a 5% voting limitation, which is a standard corporate governance practice.
Key Highlights
- 1All eleven director nominees for Nasdaq, Inc. were elected by stockholders.
- 2Stockholders approved the company's executive compensation on an advisory basis.
- 3The appointment of Ernst & Young LLP as Nasdaq's independent registered public accounting firm for fiscal year 2019 was ratified.
- 4A stockholder proposal titled "Right to Act by Written Consent" was not approved by the shareholders.
- 5The filing confirms the annual meeting date as April 23, 2019.
- 6The report indicates the exclusion of certain shares from voting due to a 5% voting limitation.
- 7Edward S. Knight, Executive Vice President and Global Chief Legal and Policy Officer, signed the report on behalf of Nasdaq, Inc.