Tesla’s 2024 Annual Stockholders’ Assembly is simply over a day away, and the corporate is placing out all of the stops to encourage its buyers to vote for the occasion’s key proposals. This was highlighted by the electrical automobile maker on its official X account.
In a publish on X, Tesla famous that that is the final likelihood for the corporate’s shareholders to vote forward of the 2024 Annual Stockholders’ Assembly. Tesla additionally famous that voting closes at 10:59 p.m. CT tonight.
Tesla additionally highlighted its stance on Elon Musk’s 2018 CEO Efficiency Award and the corporate’s proposed redomestication from Delaware to Texas. The corporate supplied a hyperlink to its devoted webpage for key proposals on the 2024 Annual Stockholders’ Assembly, votetesla.com, as properly.
At the moment is your final likelihood to vote forward of our Annual Stockholders’ Assembly.
Voting closes at 10:59pm CT tonight.
Shield & assist develop the worth of your funding in $TSLA by voting FOR redomesticating Tesla in Texas & honor the deal we collectively made with @elonmusk by…
— Tesla (@Tesla) June 12, 2024
“Shield & assist develop the worth of your funding in $TSLA by voting FOR redomesticating Tesla in Texas & honor the deal we collectively made with Elon Musk by voting FOR ratification of the 2018 CEO Efficiency Award. A deal is a deal,” Tesla wrote in its publish.
Tesla’s upcoming 2024 Annual Stockholders’ Assembly, additionally referred to as the 2024 Cyber Roundup, is poised to be a pivotal occasion for the electrical automobile maker. That is primarily on account of Proposals Three and 4, that are involved about Tesla’s proposed redomestication from Delaware to Texas, in addition to the ratification of Elon Musk’s 2018 CEO Efficiency Award.
It must be famous that Elon Musk’s 2018 compensation bundle has already been authorised by TSLA shareholders again in 2018, and its formidable targets have already been absolutely achieved. Nonetheless, again in late January 2024, a Delaware decide rescinded Musk’s 2018 CEO Efficiency Award.
The case in opposition to Musk’s compensation plan was filed by a Tesla shareholder who held 9 shares in 2018. Apparently, the shareholder’s authorized staff is at the moment requesting 29,402,900 TSLA shares — value over $5 billion right now — to be granted as their price for the case. Such an quantity interprets to an hourly price of over $200,000.
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