JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Morgan Stanley (NYSE:MS) announced the approval of its amended Equity Incentive Compensation Plan (EICP) at its Annual Meeting on Thursday, May 15, 2025. The plan, which was detailed in the proxy statement filed on April 4, 2025, will see an additional 50 million shares of common stock available for grants and extend the term for another three years. Shareholders also voted on various other proposals, including the election of directors and the appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year 2025.
The EICP’s aim is to provide a competitive compensation package to attract, retain, and motivate employees, officers, and directors. The approval signifies shareholder support for the company’s executive compensation strategy. As a prominent player in the Capital Markets industry with strong financial metrics (InvestingPro reports a healthy gross profit margin of 86.55% and consistent dividend payments for 33 consecutive years), the company’s compensation strategy aligns with its market position. The proposal regarding the company’s Energy Supply Ratio, a shareholder-submitted item, did not receive approval.
Votes cast at the Annual Meeting demonstrated strong support for the re-election of board members, with all nominees elected. The ratification of Deloitte & Touche LLP and the advisory vote on executive compensation also passed with majority support.
Morgan Stanley’s decision to expand the EICP aligns with its strategic objectives to incentivize performance and align the interests of key stakeholders with those of the company. With a robust current ratio of 2.07 and an impressive 37.32% one-year price return, the results of the Annual Meeting reflect confidence in the current management and strategic direction of the company. Discover more detailed insights and 12 additional ProTips about Morgan Stanley’s performance through InvestingPro’s comprehensive research reports.
This news is based on a press release statement.
In other recent news, Morgan Stanley reported strong financial results, with core earnings per share reaching $2.56, exceeding both Wall Street’s average estimate of $2.21 and UBS’s forecast of $2.06. The company’s total sales and trading revenue was $7.4 billion, a 33% year-over-year increase, driven by a notable 45% rise in equities revenue. Additionally, Morgan Stanley’s investment banking revenues were $1.56 billion, 6% higher than analyst predictions, with strength in Debt Capital Markets. Meanwhile, North Haven Net REIT has introduced two new share classes, Class F-IO and Class IO, and amended its foundational documents to include these shares. The company also declared distributions for each class of its common shares, scheduled for payment on May 20, 2025. In other developments, a consortium of banks, including Morgan Stanley, completed the sale of $1.2 billion in debt related to Elon Musk’s acquisition of Twitter, now known as X. This sale marks the final portion of the $13 billion debt package linked to the acquisition. Furthermore, Morgan Stanley and Goldman Sachs are leading a $4 billion junk-debt sale to support QXO Inc.’s acquisition of Beacon Roofing Supply (NASDAQ:BECN) Inc.
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