Summary
This 8-K filing from Nasdaq, Inc. (NDAQ) reports on the outcomes of its Annual Meeting of Shareholders held on May 19, 2020. Key decisions included the election of all ten director nominees for one-year terms and the approval of executive compensation on an advisory basis. Shareholders also approved the amended and restated Employee Stock Purchase Plan and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2020. A notable outcome was the rejection of a shareholder proposal seeking to adopt a new shareholder right for written consent. The voting results indicate strong support for the board's slate of directors and the company's existing compensation structure, as well as confidence in its auditor.
Key Highlights
- 1All ten director nominees were elected to serve one-year terms.
- 2Shareholders approved the company's executive compensation on an advisory (say-on-pay) basis.
- 3The amended and restated Employee Stock Purchase Plan received shareholder approval.
- 4Ernst & Young LLP was ratified as Nasdaq's independent registered public accounting firm for FY2020.
- 5A shareholder proposal to adopt a 'Written Consent' right was not approved.
- 6Voting results for director elections and executive compensation showed significant support.
- 7Proposal 4 (Ratification of Auditor) had the highest 'FOR' vote percentage.