REDMOND, Wash., Dec. 4, 2019 /PRNewswire/ -- Speaking to
shareholders at Microsoft Corp.'s annual meeting on Wednesday,
Chief Executive Officer Satya
Nadella outlined Microsoft's opportunity and responsibility:
to help its customers and partners thrive in a world where every
company is a technology company and to create technology that
benefits everyone on the planet, including the planet itself.
"I am proud of how we are helping organizations across
industries innovate and thrive using our platforms and tools,"
Nadella said. "Every day, we work alongside our customers to help
them build their own digital capability — innovating with them,
creating new businesses with them, and earning their trust."
Executive Vice President and Chief Financial Officer,
Amy Hood, reported that Microsoft
executed well in fiscal year 2019 and reported a strong start to
the current fiscal year. Hood noted that Microsoft's innovation
road map and ability to capture expanding market opportunities
position the company well for continued growth and to deliver
shareholder value.
The following proposals were acted on by the company's
shareholders at the meeting:
- Re-elected 12 directors and elected one new director:
Emma Walmsley, chief executive
officer of GSK, to serve until the next annual meeting of
shareholders. All director nominees received a vote of over 86
percent of votes cast.
- Approved, on a nonbinding advisory basis, the company's named
executive officer compensation. The advisory measure received more
than 76 percent of votes cast.
- Ratified the selection of Deloitte & Touche LLP as the
company's independent auditor for fiscal year 2020, with over 96
percent of votes cast.
- Rejected a shareholder proposal submitted by NorthStar Asset
Management, to prepare a report on employee representation on the
board of directors; the proposal received less than 5 percent of
votes cast.
- Rejected a shareholder proposal submitted by Arjuna Capital, to
report on gender pay gap; the proposal received approximately less
than 30 percent of votes cast.
Microsoft's board of directors consists of John W. Thompson, Microsoft independent board
chair; William H. Gates III,
Microsoft co-founder and technology advisor; Reid G. Hoffman, partner at Greylock Partners;
Hugh F. Johnston, vice chairman and
chief financial officer of PepsiCo; Teri L.
List-Stoll, executive vice president and chief financial
officer of Gap Inc.; Satya Nadella,
chief executive officer of Microsoft; Sandra E. Peterson, operating partner at
Clayton, Dubilier & Rice;
Penny S. Pritzker, founder and
chairman of PSP Partners; Charles W.
Scharf, president and chief executive officer of Wells Fargo
& Company; Arne M. Sorenson,
president and CEO of Marriott International Inc.; John W. Stanton, chairman of Trilogy
Partnerships; Emma N. Walmsley, chief executive officer of
GlaxoSmithKline; and Padmasree
Warrior, founder, president and CEO, Fable Group Inc.
Microsoft (Nasdaq "MSFT" @microsoft) enables digital
transformation for the era of an intelligent cloud and an
intelligent edge. Its mission is to empower every person and every
organization on the planet to achieve more.
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SOURCE Microsoft Corp.