Palo Alto Networks shareholders reject advisory vote on exec comp, approve equity plan amendment

Palo Alto Networks Inc

Shareholders approved amendment to 2021 Equity Incentive Plan, increasing share reserve by 5 million shares.
Advisory vote on executive compensation failed: 85.1M for, 136.2M against, 43.6M broker non-votes.
All four Class III director nominees elected: Nikesh Arora, Aparna Bawa, Carl Eschenbach, Lorraine Twohill.
Ratification of Ernst & Young as independent auditor for FY2024 approved with 264.9M votes for.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Palo Alto Networks Inc shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2024-07-31 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-07-31

Exact text from the filing

The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending July 31, 2024.

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Palo Alto Networks Inc shareholders rejected Advisory vote on executive compensation.

Proposal: say on pay
Outcome: failed

Exact text from the filing

The Company’s stockholders cast their votes with respect to an advisory vote on executive compensation as follows:

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Palo Alto Networks Inc shareholders approved Election of Class III directors.

Proposal: director election
Outcome: passed

Exact text from the filing

The Company’s stockholders elected the following nominees as Class III directors to serve until the Company’s 2026 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified:

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Palo Alto Networks Inc shareholders approved Amendment to 2021 Equity Incentive Plan to increase the number of plan shares reserved for future issuance.

Proposal: equity plan
Outcome: passed

Exact text from the filing

The Company’s stockholders approved an amendment to the 2021 Plan to increase the number of plan shares reserved for future issuance.

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1568 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Palo Alto Networks Inc filing history →

Source: SEC EDGAR

accession 0001193125-23-295527

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