secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0001065280-22-000216
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netflix shareholders reject say-on-pay; board declassified and supermajority eliminated
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- Advisory vote on executive compensation failed: 242M against vs 89M for; broker non-votes 41M.
- Charter amended to declassify board, eliminate supermajority voting, and create special meeting right.
- Bylaws amended to majority vote standard for uncontested director elections and director resignation policy.
- Non-binding stockholder proposals for simple majority vote and lobbying activity report both approved.
- Timothy Haley, Leslie Kilgore, Strive Masiyiwa, and Anne Mather elected as Class II directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528022000216/0001065280-22-000216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528022000216/nflx-20220602.htm
  HTML page:      https://secwatch.observer/filing/0001065280-22-000216

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer