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In a recent filing with the Securities and Exchange Commission, Pfizer Inc. (NYSE:PFE) announced the results of its Annual Meeting of Shareholders held on April 24, 2025. The pharmaceutical giant, with a market capitalization of $130.4 billion and a strong financial health rating according to InvestingPro, saw its shareholders vote on several key issues, including the election of board members and executive compensation.
All nominees listed in Pfizer’s March 13 proxy statement were elected to the Board of Directors. The election results showed strong support for the board, with Ronald E. Blaylock receiving over 3.4 billion votes in favor. Other board members, including CEO Albert Bourla and former FDA Commissioner Scott Gottlieb, also received substantial backing, with votes in favor exceeding 3.2 billion and 3.5 billion, respectively. The company’s strong governance complements its impressive 55-year track record of maintaining dividend payments, currently yielding 7.5%.
Additionally, shareholders ratified the appointment of KPMG LLP as Pfizer’s independent registered public accounting firm for the fiscal year 2025. The approval was nearly unanimous, with over 4.2 billion votes in favor.
The advisory proposal on the 2025 compensation of Pfizer’s Named Executive Officers was approved, indicating shareholder agreement with the pay packages of the company’s top executives.
However, not all proposals passed. The shareholder proposal to adopt a vote on golden parachutes, which are significant severance packages for executives in the event of a merger or acquisition, was rejected. Similarly, a proposal to issue a report evaluating the risks related to religious discrimination against employees did not receive enough support to pass.
The filing, which serves as the official record of the meeting’s outcomes, is part of Pfizer’s regular disclosures to the SEC and provides investors with insight into the governance and shareholder sentiment of the company. The results reflect the shareholders’ confidence in Pfizer’s leadership and strategic direction as they continue to navigate the pharmaceutical industry. With its next earnings report due on April 29, 2025, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which indicate the stock is currently trading below its Fair Value.
In other recent news, Pfizer has declared a quarterly cash dividend of $0.43 per share for the second quarter of 2025, continuing its long-standing tradition of returning value to shareholders. The dividend is set to be paid on June 13, 2025, to shareholders of record as of May 9, 2025. Meanwhile, the company has decided to halt the development of its oral GLP-1 receptor agonist, danuglipron, due to concerns over potential drug-induced liver injury, as noted by analysts from Bernstein and Leerink Partners. This decision has led Bernstein to maintain a Market Perform rating with a $30 price target, while Leerink Partners also kept a Market Perform rating with a $28 target. Morgan Stanley (NYSE:MS) reaffirmed its Equalweight rating and a $31 price target, despite the discontinuation of danuglipron, as Pfizer plans to explore other opportunities in obesity treatment. Additionally, the pharmaceutical sector, including Pfizer, experienced a downturn following President Donald Trump’s announcement of potential major tariffs on the industry, raising concerns about the impact on global supply chains. Pfizer’s research and development budget remains unchanged, as funds previously allocated for danuglipron will be redirected to other projects. The company continues to focus on internal and external assets in its obesity treatment pipeline, including oral GIPR and GLP-1 receptor agonists.
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