In a recent filing with the Securities and Exchange Commission, Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported the outcomes of its 2024 Annual General Meeting held on Monday. The semiconductor company, based in the Cayman Islands, saw its shareholders vote on several key proposals detailed in the August 26, 2024, Proxy Statement.
The first item on the agenda was the election of three Class III directors, all of whom were successfully elected for a term ending at the 2027 Annual General Meeting or until their successor is elected. Clyde Hosein received 116,947,234 votes in favor, Manpreet Khaira had 113,152,912, and Lip-Bu Tan garnered 105,957,153.
Additionally, the compensation package for the company's named executive officers received approval, with 105,986,101 votes in favor. This advisory vote reflects shareholder sentiment on the company's executive compensation policies.
Shareholders also endorsed the amended and restated employee stock purchase plan, intended to benefit the company's employees. The plan was approved with a significant majority of 119,262,420 votes for it.
The final proposal, which passed with overwhelming support, was the ratification of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending May 3, 2025. The accounting firm received 134,462,004 votes in favor, cementing its role for the upcoming fiscal year.
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