AI English summary of an SEC filing — figures as filed
Block said it held its June 18, 2024 annual meeting of stockholders, where shareholders voted on three proposals: the election of 2 Class III directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2024.
Key points
AI summaryBlock said it held its June 18, 2024 annual meeting of stockholders, where shareholders voted on three proposals: the election of 2 Class III directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2024.
The company said Class A common stock was entitled to 1 vote per share and Class B common stock to 10 votes per share. It said 89.06% of the voting power was present at the start of the meeting, which constituted a quorum. Votes present were 434,568,984 for Class A and 601,036,410 for Class B.
The company said Randall Garutti was elected as a Class III director with 840,783,307 votes for and 119,854,237 withheld, and Mary Meeker was elected with 948,708,327 votes for and 11,929,217 withheld. The directors will serve until the 2027 annual meeting of stockholders.
The company said the advisory vote on executive compensation received 939,399,385 votes for, 20,783,583 against and 454,576 abstentions. The appointment of Ernst & Young LLP was approved with 1,033,493,000 votes for and 1,594,743 against.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Block Holds 2024 Annual Meeting and Votes on 3 Proposals
Block said it held its June 18, 2024 annual meeting of stockholders, where shareholders voted on three proposals: the election of 2 Class III directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2024.
Source · Based on the filing body and exhibits
Voting Structure and Quorum Met
The company said Class A common stock was entitled to 1 vote per share and Class B common stock to 10 votes per share. It said 89.06% of the voting power was present at the start of the meeting, which constituted a quorum. Votes present were 434,568,984 for Class A and 601,036,410 for Class B.
Source · Based on the filing body and exhibits
Class III Director Election Results for 2 Nominees
The company said Randall Garutti was elected as a Class III director with 840,783,307 votes for and 119,854,237 withheld, and Mary Meeker was elected with 948,708,327 votes for and 11,929,217 withheld. The directors will serve until the 2027 annual meeting of stockholders.
Source · Based on the filing body and exhibits
Advisory Pay Vote and Auditor Ratification Approved
The company said the advisory vote on executive compensation received 939,399,385 votes for, 20,783,583 against and 454,576 abstentions. The appointment of Ernst & Young LLP was approved with 1,033,493,000 votes for and 1,594,743 against.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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