Adam N. Selipsky
On May 14, 2024, Amazon.com, Inc. (the “Company”) announced that Adam N. Selipsky, CEO Amazon Web Services, is resigning from the Company, effective as of June 3, 2024.
Highest-materiality recent filing
All 11 director nominees elected, including Jeff Bezos (7.47B for) and Andrew Jassy (7.80B for).
Amazon Q1 net sales up 17% to $181.5B; EPS $2.78 vs $1.59; AWS grows 28%
Net sales $181.5B (+17% YoY; +15% ex-FX); North America $104.1B, International $39.8B, AWS $37.6B.
Amazon to acquire Globalstar for $90/share; partners with Apple for satellite services
Amazon to acquire Globalstar for $90 per share in cash or 0.3210 Amazon shares (capped at $90); 40% cash/60% stock proration; expected close in 2027.
Amazon 2025 shareholder letter: FY2026 capex ~$200B; AWS AI run rate >$15B
CEO outlines plans to spend ~$200B in capex in 2026, citing AI infrastructure and customer commitments.
Amazon issues €14.473B in notes across 8 tranches (2028-2064), net proceeds ~€14.447B
€1.75B floating rate notes due 2028, €1.25B 2.800% notes due 2028, €2.0B 3.100% notes due 2030.
Amazon closes $36.9B multi-tranche debt offering across floating and fixed-rate notes
Closed sale of $36.898B aggregate principal amount of notes across 11 tranches with maturities from 2028 to 2076.
Amazon commits $50B total investment in OpenAI: $15B closing March 31, 2026, plus $35B subject to milestones or IPO.
Amazon Q4 revenue $213.4B (+14% YoY), EPS $1.95, guides $200B capex for 2026
Q4 net sales $213.4B (+14% YoY); net income $21.2B ($1.95 diluted EPS), vs $20.0B a year ago.
Amazon closes $14.96B debt offering in six tranches with maturities from 2028 to 2065
Closed sale of $2.5B 3.900% notes due 2028, $2.5B 4.100% notes due 2030, $1.5B 4.350% notes due 2033.
Amazon Q3 revenue $180.2B (+13% YoY); AWS grows 20%; net income $21.2B on $9.5B investment gain
Net sales up 13% to $180.2B; North America $106.3B (+11%), International $40.9B (+14%), AWS $33.0B (+20%).
Q2 2025 net sales +13% to $167.7B, EPS $1.68 vs $1.26 YoY
Q2 net sales $167.7B (+13% YoY); AWS segment $30.9B (+17.5%).
Amazon shareholders elect all directors, defeat all nine shareholder proposals
All 11 director nominees elected; Jeffrey P. Bezos received 7.38B votes for, 388M against.
Amazon Q1 net sales $155.7B (+9% YoY), net income $17.1B ($1.59 EPS), up 64%
Net sales $155.7B, up 9% YoY (10% ex-FX); North America $92.9B, International $33.5B, AWS $29.3B (+17%).
Amazon 2024 revenue $638B, operating income $68.6B (+86% YoY); focus on AI and culture
Total revenue $638B (+11% YoY); North America +10%, International +9%, AWS +19% to $108B.
Amazon Q4 revenue $187.8B (+10%), EPS $1.86, AWS sales up 19%
Q4 net sales $187.8B (+10% YoY); AWS segment $28.8B (+19%).
Amazon Q3 net sales $158.9B (+11% YoY); operating income $17.4B, net income $15.3B ($1.43 EPS)
Net sales $158.9B (+11% YoY), excluding FX impact; North America $95.5B, Intl. $35.9B, AWS $27.5B.
Amazon Q2 revenue $148.0B (+10% YoY), EPS $1.26, AWS sales +19%
Net sales $148.0B (+10% YoY); North America $90.0B (+9%), International $31.7B (+7%), AWS $26.3B (+19%).
Amazon shareholders reelect all 12 directors, defeat all 16 proposals at 2024 annual meeting
Jeff Bezos re-elected with 95% support; Jonathan Rubinstein got 89%, the lowest among directors.
AWS CEO Adam Selipsky resigning effective June 3, 2024; no successor named
Adam N. Selipsky, CEO of Amazon Web Services, resigns effective June 3, 2024.
Amazon adopts exclusive forum provisions for shareholder litigation in bylaws
Board approved amendments to Amended and Restated Bylaws on May 3, 2024.
Amazon Q1 net sales up 13% to $143.3B; net income triples to $10.4B
Revenue $143.3B vs $127.4B YoY; operating income $15.3B vs $4.8B.
Amazon reports 12% revenue growth to $575B in 2023; operating income up 201%
Total revenue $575B (+12% YoY); North America $353B, International $131B, AWS $91B.
On May 14, 2024, Amazon.com, Inc. (the “Company”) announced that Adam N. Selipsky, CEO Amazon Web Services, is resigning from the Company, effective as of June 3, 2024.
Max materiality 0.90 · Median 0.80 · Most common event earnings