SECURITIES & EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
NOTICE OF EXEMPT SOLICITATION
NAME OF
REGISTRANT:
Netflix
Inc.
NAME OF
PERSON RELYING ON EXEMPTION:
Service Employees International Union
ADDRESS
OF PERSON RELYING ON EXEMPTION:
1800 Massachusetts Avenue, N.W., Washington, DC 20036
Written materials are submitted pursuant
to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934:
TO:
FROM:
Brady Gordon (brady.gordon@seiu.org)
SUBJECT:
Vote FOR Proposal #10 to Adopt a Majority Vote Standard for Director Elections
at Netflix, Inc.
Dear
fellow Netflix shareowner:
The
Service Employees International Union and California State Teachers’ Retirement
System urge you to
vote FOR Proposal #10 regarding majority vote for
director elections at the Netflix, Inc. annual meeting of stockholders on June
6, 2017.
The proposal would amend Netflix's bylaws to require
directors to be elected by a majority of shares voting at a meeting
except in the case of a contested election.
The proxy advisory firms
Institutional Shareholder Services (ISS) and Glass Lewis both recently
recommended shareholders support the proposal. ISS concluded it would give shareholders “a more meaningful voice in the
election of directors and further enhance the company's corporate governance
practices.”
In
addition, Bloomberg BNA covered Netflix’s ongoing governance issues in a May 26
th
article titled “Netflix
Board Too Comfortable in Seats, Investors Say,” available here [https://www.bna.com/netflix-board-comfortable-n73014451614/]
For
further reference, please see our letter to Netflix shareowners, which is
attached and available on the SEC’s Edgar website [https://www.sec.gov/Archives/edgar/data/1065280/000107643917000005/shletter.htm].
Feel free to contact me or Aeisha Mastagni at
AMastagni@calstrs.com
if you would like to discuss
this important vote.
Sincerely,
Brady
Gordon, CFA
Service
Employees International Union
brady.gordon@seiu.org
This is not a solicitation of
authority to vote your proxy.
Please DO NOT send us your proxy
card as it will not be accepted.