Item 5.07. Submission of Matters to a Vote of Security Holders
On August 19, 2016, LinkedIn Corporation (LinkedIn or the Company) held a Special Meeting of Stockholders at the Computer History Museum in Mountain View, California (the Meeting). Holders of shares of the Companys capital stock at the record date for the Meeting, the close of business on July 18, 2016, were entitled to vote at the Meeting.
Each share of Class A Common Stock is entitled to one vote per share and each share of Class B Common Stock is entitled to ten votes per share. The Class A Common Stock and Class B Common Stock vote as a single class on all matters.
Proposals 1 and 3, each of which is described in more detail in the Companys definitive proxy statement filed with the Securities and Exchange Commission on July 22, 2016, were approved by the Companys stockholders with the requisite vote. In light of the approval of Proposal 1, Proposal 2 was rendered moot and was not presented at the Meeting.
The final results of the meeting were certified by the Inspector of Elections as follows:
Present at the Meeting in person or by proxy were holders of 83,661,531 shares of Class A Common Stock and holders of 15,554,802 shares of Class B Common Stock. Together the Class A Common Stock and Class B Common Stock present at the Meeting in person or by proxy represented a total of 239,209,551 votes, constituting a quorum.
1.
Approval of Merger Agreement
. The proposal to adopt the Agreement and Plan of Merger, dated as of June 11, 2016, as it may be amended from time to time, referred to as the merger agreement, by and among LinkedIn, Microsoft Corporation and Liberty Merger Sub Inc. was approved:
Votes For
|
|
Votes Against
|
|
Votes
Abstained
|
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232,078,212
|
|
6,057,341
|
|
1,073,998
|
|
2.
Not applicable.
3.
Advisory Vote on Named Executive Officer Compensation
. The proposal to approve, by non-binding, advisory vote, compensation that will or may become payable by LinkedIn to its named executive officers in connection with the merger contemplated by the merger agreement was approved:
Votes For
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|
Votes Against
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|
Votes
Abstained
|
|
188,704,018
|
|
48,879,115
|
|
1,626,418
|
|
2