FactSet Research Systems Inc. (FDS, Financial) recently held its 2024 Annual Meeting of Stockholders on December 19, 2024. The meeting saw the submission and voting on four significant proposals, with outcomes that will shape the company's governance and operational strategies moving forward.
Proposal 1: Election of Board Members
The stockholders elected four members to FactSet's Board of Directors. The elected directors, Siew Kai Choy, Laurie G. Hylton, Lee Shavel, and Elisha Wiesel, will serve until the 2025 Annual Meeting or until their successors are elected and qualified. The board continues to include directors Robin Abrams, Barak Eilam, Malcolm Frank, James J. McGonigle, Laurie Siegel, F. Philip Snow, and Maria Teresa Tejada.
Proposal 2: Ratification of Accounting Firm
The appointment of Ernst & Young LLP as FactSet's independent registered public accounting firm for the fiscal year ending August 31, 2025, was ratified by the stockholders.
Proposal 3: Approval of Executive Compensation
The fiscal 2024 compensation for FactSet's named executive officers received approval through a non-binding advisory vote, reflecting stockholder support for the company's executive pay structure.
Proposal 4: Stockholder Proposal on Special Meetings
A stockholder proposal advocating for a 15% ownership threshold for calling special meetings was not approved. This decision maintains the current threshold requirements for special meetings.
The outcomes of these proposals underscore FactSet's commitment to maintaining robust governance practices while aligning with stockholder interests. For more detailed insights and analysis, visit GuruFocus.com.
Should you invest in FactSet Research Systems Inc (FDS, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth FactSet Research Systems Inc (FDS) stock research here.
