other_material
confidence high
sentiment neutral
materiality 0.60
Snowflake Inc. stockholders approve dual-class elimination, reject say-on-pay at annual meeting
Snowflake Inc.
- Stockholders approved amendment to eliminate Class B common stock and rename Class A common stock to Common Stock, effective July 3, 2025.
- Say-on-pay proposal failed with 145,942,393 votes against, 63,012,394 for, and 1,864,420 abstentions.
- Board declassification amendment failed despite 209,013,663 votes for, 553,255 against, and 1,252,289 abstentions.
- Directors elected: Kelly A. Kramer and Frank Slootman; Michael L. Speiser received 85,854,153 withheld votes.
- Ratification of PricewaterhouseCoopers LLP as independent auditor passed with 277,770,124 votes for.
item 5.03item 5.07item 9.01