REDMOND, Wash., Nov. 29, 2017 /PRNewswire/ -- Speaking to
shareholders at Microsoft Corp.'s annual meeting on Wednesday,
Chief Executive Officer Satya
Nadella highlighted how digital technology is driving
transformation, and the opportunity for Microsoft to help its
customers and partners thrive in this evolving world.
"Every customer is looking for both innovative technology to
drive new growth, and a strategic partner that can help them build
their own digital capability," Nadella said. "Microsoft will
continue to deliver differentiated solutions using new
technologies, like cloud, artificial intelligence and mixed
reality, to empower our customers to grow and thrive."
Executive Vice President and Chief Financial Officer
Amy Hood shared highlights of
Microsoft's strong performance over the past fiscal year including
continued growth in its commercial cloud business. Hood noted that
Microsoft's innovation road map, disciplined investment and
world-class talent position the company well for continued growth
and deliver value for shareholders.
President and Chief Legal Officer Brad
Smith discussed Microsoft's plans to modernize its
headquarters in Redmond through new construction and renovations.
This investment underscores the company's continued commitment to
create an exceptional place to work and enhance economic
opportunity for the entire region.
The following proposals were acted on by the company's
shareholders at the meeting:
- Re-elected 10 directors and elected four new directors to serve
until the next annual meeting of the shareholders: Reid Hoffman, partner at Greylock Partners;
Hugh Johnston, vice chairman and
chief financial officer of PepsiCo Inc.; Penny S. Pritzker, founder and chairman of PSP
Capital and former U.S. Secretary of Commerce; and Arne Sorenson, president and chief executive
officer of Marriott International. All director nominees received a
vote of more than 98 percent of votes cast.
- Approved, on a nonbinding advisory basis, the fiscal year 2017
compensation of the company's named executive officers. The
advisory measure received more than 95 percent of votes cast.
- Approved a yearly advisory vote on executive compensation. The
advisory measure received more than 90 percent of votes cast.
- Ratified the selection of Deloitte & Touche LLP as the
company's independent auditor for fiscal year 2018, with over 98
percent of votes cast.
- Approved material terms of the performance goals under the
Microsoft Corporation Executive Incentive Plan, with a vote of more
than 98 percent of votes cast.
- Approved the Microsoft Corporation 2017 Stock Plan, with a vote
of 96 percent of votes cast.
Microsoft's board of directors consists of John W. Thompson, Microsoft independent
chairman; William H. Gates, co-chair
and trustee of the Bill & Melinda Gates Foundation;
Reid Hoffman, partner at Greylock
Partners; Hugh Johnston, vice
chairman and chief financial officer of PepsiCo Inc.; Teri L. List-Stoll, executive vice president and
chief financial officer of Gap Inc.; Satya
Nadella, chief executive officer of Microsoft; Charles H. Noski, former vice chairman of Bank
of America Corp.; Dr. Helmut Panke,
former chairman of the board of management at BMW AG; Sandra E. Peterson, group worldwide chair for
Johnson & Johnson; Penny S.
Pritzker, founder and chairman of PSP Capital and former
U.S. Secretary of Commerce; Charles W.
Scharf, chief executive officer of The Bank of New York
Mellon Corp.; Arne Sorenson,
president and chief executive officer of Marriott International;
John W. Stanton, chairman of Trilogy
Partnerships; and Padmasree Warrior,
chief executive officer of NIO USA
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.