other material
confidence high
sentiment positive
materiality 0.15
Fortinet shareholders approve 5-for-1 forward stock split and remove supermajority voting
Fortinet, Inc.
- Stockholders approved a 5-for-1 forward stock split via amended and restated certificate of incorporation (135.6M for, 124K against).
- Non-binding stockholder proposal to remove supermajority voting standards passed (91.6M for, 34.7M against).
- All eight director nominees were elected, including Ken Xie and Michael Xie, with broker non-votes of 8.2M.
- Advisory vote on executive compensation (say-on-pay) approved (117M for, 10.6M against).
- Ratification of Deloitte & Touche as independent auditor for FY2022 approved (132.8M for).