8-K
filed June 15, 2023, 7:59 PM ET
ticker LYV
CIK 0001335258
other material
confidence high
sentiment negative
materiality 0.65
Live Nation shareholders reject say-on-pay; Dana Walden retires from board
Live Nation Entertainment, Inc.
- Dana Walden retired from the board effective June 9, 2023 at the annual meeting.
- Non-binding advisory vote on executive compensation failed: 92.3M for, 106.8M against.
- Shareholders favored annual advisory votes on exec comp: 111.2M for 1-year frequency.
- All 11 director nominees elected; Greg Maffei received 70.9M against votes (highest opposition).
- Ernst & Young LLP ratified as independent auditor for 2023 with 204.8M votes in favor.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dana Walden retired as director at Live Nation Entertainment, Inc..
- Action
- retired
- Role
- director
Exact text from the filing
On June 9, 2023, effective as of the annual meeting of stockholders (the “Annual Meeting”) of Live Nation Entertainment, Inc. (the “Company”), Dana Walden retired from the board of directors (the "Board") of the Company.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Live Nation Entertainment, Inc. shareholders approved Election of Directors at the 2023-06-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
Proposal No. 1 – Election of Directors Nominees For Against Abstained Broker Non-Votes Maverick Carter 194,780,877 4,333,587 29,649 6,362,544 Ping Fu 194,960,886 4,148,104 35,123 6,362,544 Jeff Hinson 186,816,901 12,294,493 32,719 6,362,544 Chad Hollingsworth 174,345,577 24,763,937 34,599 6,362,544 Jimmy Iovine 187,649,986 11,464,818 29,309 6,362,544 Jim Kahan 192,655,300 6,455,220 33,593 6,362,544 Greg Maffei 128,117,104 70,923,360 103,649 6,362,544 Randall Mays 157,350,750 41,760,754 32,609 6,362,544 Rich Paul 198,501,547 610,481 32,085 6,362,544 Michael Rapino 197,685,858 1,426,059 32,196 6,362,544 Latriece Watkins 198,113,592 999,122 31,399 6,362,544
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Live Nation Entertainment, Inc. shareholders rejected Advisory Vote on the Company’s Executive Compensation at the 2023-06-09 meeting.
- Proposal
- say on pay
- Outcome
- failed
- Meeting
- 2023-06-09
Exact text from the filing
Proposal No. 2 – Advisory Vote on the Company’s Executive Compensation For Against Abstained Broker Non-Votes 92,314,797 106,777,716 51,600 6,362,544
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Live Nation Entertainment, Inc. shareholders approved Advisory Vote on the Frequency of Stockholder Advisory Votes on the Company’s Executive Compensation at the 2023-06-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
Proposal No. 3 – Advisory Vote on the Frequency of Stockholder Advisory Votes on the Company’s Executive Compensation 3 Years 2 Years 1 Year Abstained Broker Non-Votes 87,856,474 30,586 111,184,561 72,491 6,362,544
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Live Nation Entertainment, Inc. shareholders approved Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for 2023 at the 2023-06-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-09
Exact text from the filing
Proposal No. 4 – Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for 2023 For Against Abstained 204,800,630 678,144 27,883
View on SEC.gov
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