WBD shareholders reject say-on-pay; approve special-meeting right for 20% holders

Warner Bros. Discovery, Inc.

Say-on-pay failed with 1.06B votes against vs 724M for (non-binding advisory).
Certificate amended: holders of 20%+ voting power with 1-year holding period can call special meetings.
ESPP share pool increased by 25M shares, total now 27,568,638; approved by shareholders.
All 13 director nominees elected; Anthony J. Noto received 527M withheld votes (29.4%).
PricewaterhouseCoopers ratified as auditor for FY 2025 with 2.06B votes for.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Warner Bros. Discovery, Inc.: Stockholders approved the Third Restated Certificate, allowing stockholders owning 20% or more voting power to call special meetings and eliminating inoperative provisions (effective 2025-06-02).

Change: charter amendment
Effective: 2025-06-02

Exact text from the filing

At the Annual Meeting, the Company's stockholders approved an amendment and restatement of the Company's certificate of incorporation (as amended and restated, the "Third Restated Certificate"), which had previously been approved by the Board, subject to stockholder approval.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Warner Bros. Discovery, Inc.: Board amended and restated bylaws to implement the stockholder special meeting right (effective 2025-06-02).

Change: bylaw amendment
Effective: 2025-06-02

Exact text from the filing

Upon the effectiveness of the Third Restated Certificate, on June 2, 2025, the Board amended and restated the bylaws of the Company (as amended, the "Second Amended and Restated Bylaws").

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89 governance changes filed in the last 30 days. Browse all governance changes →

Warner Bros. Discovery, Inc. filing history →

Source: SEC EDGAR

accession 0001437107-25-000102

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