VIAVI Solutions Inc. (NASDAQ:VIAV), a semiconductor and related devices manufacturing company, announced the results of its Annual Meeting held on November 6, 2024, in a recent 8-K filing with the Securities and Exchange Commission.
During the meeting, shareholders voted on several key proposals, including the election of directors and approval of executive compensation. A significant number of shares, representing approximately 94% of the total outstanding, were present in person or by proxy.
The first proposal involved the election of eight directors to serve until the 2025 Annual Meeting of Stockholders. All nominated directors were elected, with Richard Belluzzo receiving the lowest number of affirmative votes at 159,926,486 and Joanne Solomon receiving the highest at 192,435,032. Each director faced a certain number of abstentions and broker non-votes, but these did not affect the overall outcome.
The second proposal was to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year 2025. This proposal passed with overwhelming support, garnering 205,481,974 votes in favor, 2,462,217 against, and 58,066 abstentions.
The third and final proposal sought approval, on a non-binding advisory basis, of the compensation of the company’s named executive officers. This too passed comfortably with 181,920,859 votes for, 11,277,544 against, and 94,838 abstentions.
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