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Shareholder proposals fail at Twitter annual meeting

Published 06/01/2018, 06:09 PM
© Reuters.  Shareholder proposals fail at Twitter annual meeting
TWTR
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  • A Twitter (NYSE:TWTR) filing shows that in its annual meeting, management proposals typically carried the day, though one shareholder proposal got some traction.
  • Shareholders elected four Class II directors to serve until 2021: Martha Lane Fox, David Rosenblatt, Evan Williams and Debra Lee. While all passed overwhelmingly, the most withheld votes were from Williams (14.7M withheld against 440.9M for).
  • An advisory vote on executive compensation and ratification of accountants also passed overwhelmingly.
  • A pair of stockholder proposals failed. One calling for the formation of a public policy committee failed by a 97% margin, while a second proposal -- for a report on the company's content enforcement policies -- also went down but got nearly 36% of votes in support.
  • Now read: Twitter's Systemic Risk - The Complete Research Report (Part 2)


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