Boeing shareholders vote on executive pay, board members

ARLINGTON, VA - Boeing Co (NYSE:BA), currently trading at $176.29 with a market capitalization of $133.3 billion, held its Annual Meeting of Shareholders today, where several key decisions were made regarding the company’s governance and executive compensation. The meeting’s outcomes are detailed in a recent 8-K filing with the Securities and Exchange Commission. According to InvestingPro analysis, Boeing currently shows a WEAK overall financial health score, with detailed insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of what really matters for investors.

During the meeting, all director nominees were elected with a significant majority. The detailed vote counts for each director are as follows: Robert A. Bradway received 472,629,384 votes for, 36,524,197 against, and 3,616,003 abstentions; Mortimer J. "Tim" Buckley had 496,758,694 votes for, 12,457,903 against, and 3,552,987 abstentions; and similar majorities were seen for the other nominees, including Lynne M. Doughtie, David L. Gitlin, Lynn J. Good, Stayce D. Harris, Akhil Johri, David L. Joyce, Steven M. Mollenkopf, Robert Kelly Ortberg, and John M. Richardson.

Additionally, the proposal to approve named executive officer compensation was passed with 435,222,142 votes for, 73,027,076 against, and 4,520,366 abstentions, indicating shareholder agreement with the company’s executive pay structure. This comes as InvestingPro data reveals the company faces profitability challenges, with a negative net income of $11.87 billion in the last twelve months and negative gross profit margins. InvestingPro subscribers have access to over 10 additional key metrics and insights about Boeing’s financial performance.

The appointment of Deloitte & Touche LLP as Boeing’s independent auditor for the year 2025 was ratified almost unanimously, with 605,507,009 votes for, 16,742,151 against, and 3,247,606 abstentions.

Two shareholder proposals were also voted on. The first, a request for a report on Diversity, Equity, and Inclusion (DEI) and related risks, received limited support, with 16,406,375 votes for and 490,525,504 against. The second proposal, calling for a civil rights audit, saw a similar outcome, with 33,150,447 votes for and 468,394,292 against.

These results reflect the shareholders’ perspectives on Boeing’s current corporate governance and strategic direction. The filing, made today, provides a transparent account of the proceedings and outcomes of the meeting.

Boeing, headquartered in Arlington, Virginia, is a leading aerospace company known for its manufacturing of commercial jetliners, defense, space, and security systems. The company is incorporated in Delaware and has been a staple in the aircraft manufacturing industry for decades. Looking ahead, InvestingPro analysis shows analysts expect sales growth in the current year, with revenue growth forecast at 26%. The company’s next earnings report is scheduled for April 23, 2025, with analysts maintaining a consensus recommendation of 2.03 (on a scale where 1 is Strong Buy).

In other recent news, Boeing’s first-quarter financial performance exceeded expectations, with a reported core earnings per share loss of $0.49, significantly better than the anticipated loss of $1.21. Revenue for the quarter was $19.50 billion, slightly above the consensus estimate of $19.37 billion. Despite a negative free cash flow of $2.29 billion, this was still more favorable than the expected negative $3.42 billion. UBS analyst Gavin Parsons (NYSE:PSN) raised Boeing’s stock price target to $207 from $190, maintaining a "Buy" rating, citing Boeing’s effective management of tariffs and supplier risks.

Air India is in discussions with Boeing to purchase approximately 10 Boeing 737 MAX jets, initially rejected by Chinese clients due to trade disputes. This move aligns with Boeing’s strategy to redirect planes meant for China to other carriers, following China’s halt in aircraft deliveries amid the ongoing trade war. President Trump commented on the situation, suggesting Boeing should default China for not accepting the planes.

Bernstein maintained a Market Perform rating for Boeing with a price target of $181, noting Boeing’s strong quarterly performance and plans to increase 737 production rates to 38 planes per month by year’s end. Boeing CEO Kelly Ortberg confirmed that some 737 MAX planes have been flown back to the U.S. from China. The company is also focused on increasing the production rate of the 787 Dreamliner to 7 units per month by the end of the year.

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