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News Corporation Annual Meeting Report: Key Voting Insights from November 2021

$NWS
Form 8-K
Filed on: 2021-11-17
Source
News Corporation Annual Meeting Report: Key Voting Insights from November 2021

The key information extracted from the provided financial report section (Form 8-K) for News Corporation, dated November 17, 2021, includes the following insights:

Company Overview

  • Registrant: News Corporation
  • Incorporation: Delaware
  • SEC File Number: 001-35769
  • IRS Employer Identification No.: 46-2950970
  • Address: 1211 Avenue of the Americas, New York, New York 10036
  • Telephone Number: (212) 416-3400

Meeting Information

  • Event: Annual Meeting of Stockholders
  • Date: November 17, 2021

Voting Proposals and Results

  1. Proposal No. 1: Election of Directors
  • K. Rupert Murdoch: For 175,341,640 votes; Against 3,198,180; Abstain 146,268; Broker Non-Votes 1,683,553.
  • Lachlan K. Murdoch: For 168,002,498 votes; Against 10,441,579; Abstain 242,011; Broker Non-Votes 1,683,553.
  • Robert J. Thomson: For 175,540,617 votes; Against 2,998,951; Abstain 146,520; Broker Non-Votes 1,683,553.
  • Other directors also elected with similar voting patterns indicating strong support.
  1. Proposal No. 2: Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending June 30, 2022.
  • For: 180,031,690; Against: 185,472; Abstain: 152,479; Broker Non-Votes: 0.
  • Outcome: Passed.
  1. Proposal No. 3: Advisory vote on executive compensation.
  • For: 167,169,672; Against: 11,367,066; Abstain: 149,350; Broker Non-Votes: 1,683,553.
  • Outcome: Passed.
  1. Proposal No. 4: Advisory stockholder proposal regarding a simple majority vote.
  • For: 53,921,412; Against: 124,616,127; Abstain: 148,549; Broker Non-Votes: 1,683,553.
  • Outcome: Failed.

Regulatory Disclosure

  • The report includes a section regarding Regulation FD Disclosure, indicating that remarks from K. Rupert Murdoch and Robert Thomson were presented at the meeting.

Exhibits

  • Exhibit 99.1: Remarks by the Executive Chairman and Chief Executive during the Annual Meeting.

Signatures

  • The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary, dated November 17, 2021.

Insights

  • The strong voting results for the director elections and the advisory vote on executive compensation suggest shareholder confidence in the current management team.
  • The ratification of Ernst & Young indicates ongoing trust in their auditing services.
  • The failure of the simple majority vote proposal may reflect differing opinions among shareholders on governance matters.

This summary encapsulates the essential details and outcomes of the shareholder meeting, providing insights into the governance and management structure of News Corporation as of November 2021.