Oracle Corporation (ORCL, Financial) recently held its 2024 Annual Meeting of Stockholders on November 14, 2024. The meeting addressed several significant proposals, each of which was put to a vote among the stockholders. Here are the key outcomes from the meeting:
Election of Directors: The stockholders elected the proposed slate of directors to serve until the 2025 Annual Meeting of Stockholders. Each director will hold office until their successor is elected and qualified, or until their earlier resignation or removal.
Advisory Vote on Executive Compensation: The stockholders approved, on an advisory basis, the compensation of Oracle's named executive officers. The vote concluded with 1,806,791,973 shares in favor, 508,390,449 shares against, 7,129,921 shares abstaining, and 250,464,124 broker non-votes.
Ratification of Independent Accounting Firm: The appointment of Ernst & Young LLP as Oracle's independent registered public accounting firm for the fiscal year ending May 31, 2025, was ratified. The vote saw 2,512,534,467 shares in favor, 56,267,628 shares against, and 3,974,372 shares abstaining.
Stockholder Proposal on Climate Risks: A stockholder proposal requesting Oracle to prepare a report on climate risks to retirement plan beneficiaries was not approved. The voting results were 119,105,093 shares in favor, 2,140,684,293 shares against, 62,522,957 shares abstaining, and 250,464,124 broker non-votes.
These decisions reflect Oracle's ongoing commitment to corporate governance and shareholder engagement. For more detailed information on these proposals, refer to Oracle's definitive proxy statement filed with the U.S. Securities and Exchange Commission on September 25, 2024.
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