Fox Corporation's 2019 8-K Report: Key Decisions from Annual Stockholders Meeting
Here are the key points extracted from the financial report, specifically the Form 8-K filed by Fox Corporation on November 14, 2019:
General Information
- Filing Date: November 14, 2019
- Form Type: 8-K (Current Report)
- Registrant: Fox Corporation
- State of Incorporation: Delaware
- SEC File Number: 001-38776
- IRS Employer Identification Number: 83-1825597
- Principal Executive Office Address: 1211 Avenue of the Americas, New York, NY 10036
- Telephone Number: (212) 852-7000
Annual Meeting of Stockholders
- Date of Meeting: November 14, 2019
- Matters Voted Upon:
- Election of Directors:
- K. Rupert Murdoch AC
- For: 227,631,122
- Against: 9,708,238
- Abstain: 152,038
- Broker Non-Votes: 7,779,700
- Lachlan K. Murdoch
- For: 226,472,364
- Against: 10,857,785
- Abstain: 161,249
- Broker Non-Votes: 7,779,700
- Chase Carey
- For: 227,626,412
- Against: 9,711,478
- Abstain: 153,508
- Broker Non-Votes: 7,779,700
- Anne Dias
- For: 223,997,436
- Against: 13,326,933
- Abstain: 167,029
- Broker Non-Votes: 7,779,700
- Roland A. Hernandez
- For: 222,954,716
- Against: 14,370,036
- Abstain: 166,646
- Broker Non-Votes: 7,779,700
- Jacques Nasser AC
- For: 231,943,052
- Against: 5,395,492
- Abstain: 152,854
- Broker Non-Votes: 7,779,700
- Paul D. Ryan
- For: 222,255,203
- Against: 15,082,620
- Abstain: 153,575
- Broker Non-Votes: 7,779,700
- Ratification of Ernst & Young LLP as Independent Accounting Firm for FY 2020:
- For: 245,152,479
- Against: 83,401
- Abstain: 35,218
- Advisory Vote on Named Executive Officer Compensation:
- For: 165,007,388
- Against: 67,763,019
- Abstain: 4,720,991
- Broker Non-Votes: 7,779,700
- Frequency of Future Advisory Votes on Executive Compensation:
- 1 Year: 235,345,140
- 2 Years: 16,469
- 3 Years: 1,964,518
- Abstain: 165,271
- Broker Non-Votes: 7,779,700
- Decision: Company will hold an advisory vote to approve named executive officer compensation annually.
Signatures
- Signed by: Viet D. Dinh, Chief Legal and Policy Officer of Fox Corporation.
Insights
- The majority of the proposals passed with significant support, indicating strong shareholder backing for the management and the board.
- The decision to have annual advisory votes reflects a trend towards increased accountability and transparency regarding executive compensation.
- The report indicates the ongoing governance structure within Fox Corporation, highlighting the board's composition and shareholder engagement.
This summary provides an overview of the critical information regarding Fox Corporation's annual meeting and the decisions made during that meeting.