Netflix director Jay Hoag fails majority vote, tenders resignation pending board decision

NETFLIX INC

Director Jay Hoag received 71,428,414 for vs 259,865,864 against; did not achieve majority, triggering resignation policy.
Hoag offered resignation on June 5, 2025; Nominating and Governance Committee to recommend, board to decide within 90 days.
All 12 other director nominees were elected with strong support; votes ranged from 301M to 326M in favor.
Shareholders ratified Ernst & Young as auditor (362.7M for, 5.6M against) and approved say-on-pay (283.6M for, 47.8M against).
All six non-binding shareholder proposals failed, including climate transition plan (34.7M for, 295.4M against) and others.

item 5.07

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.