leadership
confidence high
sentiment neutral
materiality 0.50
Director Richard D. Parsons resigns from MSGS board; Nelson Peltz gets 41.5% withhold vote
Madison Square Garden Sports Corp.
- Richard D. Parsons resigned from Board effective Dec 3, 2024 due to health reasons; Board size reduced by one; no replacement nominated.
- At Dec 4 annual meeting, Class A stockholders elected Cohen, Peltz, Seidenberg, Vinciquerra as directors.
- Nelson Peltz received 9.56M for and 6.77M withheld (41.5% withheld) among Class A votes.
- All six proposals passed including ratification of auditor, employee stock plan amendment, director stock plan amendment, and advisory say-on-pay.
- Class B stockholders (Dolan family) unanimously elected all 12 nominees with 45,295,170 votes each.