AGM/EGMJun 4, 2026, 04:12 PM
General Motors Shareholders Approve 2020 LTIP Amendment, Elect Directors
AI Summary
General Motors Company shareholders approved Amendment No. 2 to the 2020 Long-Term Incentive Plan at the Annual Meeting on June 2, 2026. This amendment increases the shares available for issuance by 27 million and extends the plan's term to June 3, 2036. Additionally, all 10 director nominees were elected, Ernst & Young LLP was ratified as the independent auditor, and named executive officer compensation was approved on an advisory basis with a recommended annual frequency. Two shareholder proposals were not approved.
Key Highlights
- Shareholders approved Amendment No. 2 to the 2020 Long-Term Incentive Plan.
- The amendment increased shares available for issuance by 27 million and extended the plan to June 3, 2036.
- All 10 director nominees were elected to the Board for one-year terms.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for 2026.
- Named executive officer compensation was approved on an advisory basis.
- Shareholders selected 1 Year as the recommended frequency for future advisory votes on executive compensation.
- Shareholder proposals regarding Chair/CEO separation and human rights standards were not approved.
Price Impact
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