Shareholders vote 2014 shareholders meeting

[Chickenlittle]

Of course elon voted in but what I am astounded by is that there were more than 2 million votes against him. Ok the one who didn't get the job as vice CEO was probably one vote but who else? Was it a butterfly ballot with dangling punch outs? Who did they want? The self proposed vice chairman?

 

[yobigd20]

I didn't understand what this vote was for. Can someone explain it in idiots terms for me? I don't like all the political mumbo jumbo lol

 

[evme]

I think he is talking about this:

Tesla Motors - Current Report


But there are definitely some:

Tesla Motors (TSLA): Proxy Voting Recommendations | Corporate GovernanceCorporate Governance

 

[Chickenlittle]

I think he is talking about this:

Tesla Motors - Current Report


But there are definitely some:

Tesla Motors (TSLA): Proxy Voting Recommendations | Corporate GovernanceCorporate Governance

yes thanks for clarifying

 

[uselesslogin]

It says they were withheld not against. Do you know what the difference is?

 

[Cosmacelf]

Withheld just means you didn't vote on that issue. I could be wrong, but I suspect between Elon, JB, and the other early employees and board members and big shareholders (like Mercedes, Toyota), they pretty much have 50% of the votes anyways....

 

[uselesslogin]

Withheld just means you didn't vote on that issue. I could be wrong, but I suspect between Elon, JB, and the other early employees and board members and big shareholders (like Mercedes, Toyota), they pretty much have 50% of the votes anyways....

OK, and it makes sense now that I look at the voting form again. Sorry I did not vote my shares. I didn't realize the only options were "for" and "withhold."

 

[NigelM]

Withheld just means you didn't vote on that issue.

Actually it's a little more complicated than that. In the case of an unopposed election the candidate only needs one vote to win so there's no point in voting against a shareholder proposal; to "withhold" your vote is therefore the prescribed method of expressing your dissatisfaction with a candidate. It's very different from abstaining or not voting at all.

Here's the SEC page on voting mechanics