Summary
Qualcomm Incorporated (QCOM) filed an 8-K on March 19, 2026, detailing the results of its 2026 Annual Meeting of Stockholders held on March 17, 2026. The meeting focused on seven proposals, all of which received overwhelming support from shareholders except for two specific stockholder proposals. Key among these results is the re-election of all director nominees, indicating continued confidence in the company's leadership and strategic direction. Furthermore, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent public accountants for fiscal year 2026 and approved, on an advisory basis, the compensation of named executive officers. The company also received approval to amend and restate its 2023 Long-Term Incentive Plan, which includes an increase in the share reserve, signaling a continued focus on employee incentives. Importantly, two stockholder proposals concerning the ability to call special meetings and a report on China exposure were not approved, suggesting management's preferred approach on these matters prevailed.
Key Highlights
- 1All director nominees were elected, receiving affirmative votes from a majority of votes cast.
- 2PricewaterhouseCoopers LLP was ratified as the independent public accountant for fiscal year 2026 with strong shareholder approval.
- 3Shareholders approved, on an advisory basis, the compensation of named executive officers.
- 4The Amended and Restated QUALCOMM Incorporated 2023 Long-Term Incentive Plan, including a 24 million share increase, was approved.
- 5An advisory vote on executive compensation will continue to be held annually.
- 6A stockholder proposal on the ability to call a special shareholder meeting was not approved.
- 7A stockholder proposal requesting a report on the risk of China exposure was not approved.