AGM/EGMJun 1, 2026, 04:43 PM
Salesforce stockholders approve 34M additional shares for equity plan
AI Summary
Salesforce, Inc. held its 2026 Annual Meeting of Stockholders on May 28, 2026, where several key proposals were approved. Stockholders voted to amend and restate the 2013 Equity Incentive Plan, increasing shares reserved for issuance by an additional 34 million and extending its term to March 26, 2036. An amendment to the 2004 Employee Stock Purchase Plan, increasing shares for employee purchase, was also approved. All 13 director nominees were elected, Ernst & Young LLP was ratified as the independent auditor, and the advisory vote on executive compensation passed. A stockholder proposal for cumulative voting was rejected.
Key Highlights
- Stockholders approved an amendment to the 2013 Equity Incentive Plan, adding 34 million shares and extending its term to March 26, 2036.
- The 2004 Employee Stock Purchase Plan was amended to increase the number of shares reserved for employee purchase.
- All 13 director nominees, including Marc Benioff and Parker Harris, were elected to the Board.
- Ernst & Young LLP was ratified as the independent auditor for fiscal year 2027 with 663,734,521 votes for.
- The advisory vote to approve fiscal 2026 compensation of named executive officers passed with 493,864,228 votes for.
- A stockholder proposal regarding the adoption of cumulative voting for director elections was rejected with 595,803,890 votes against.
Price Impact
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