Fox extends CEO contracts through 2026; shareholders reject lobbying disclosure, B corp proposals

Fox Corp

Employment terms extended: Lachlan Murdoch and Steven Tomsic through June 2026; John Nallen and Viet Dinh through June 2025.
Steven Tomsic's base salary raised to $1.75M and target annual equity to $3M, effective July 1, 2022.
Eliminated annual bonus opportunity and continued performance equity vesting for NEOs upon termination for cause.
All board nominees elected with >90% support, including K. Rupert Murdoch, Lachlan Murdoch, and Paul Ryan.
Lobbying disclosure proposal failed (43% for) and public benefit corporation proposal failed (1.1% for); say-on-pay passed.

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