Blog Tesla Stock Hits High Ahead of Annual Meeting, Shareholders to Vote On Board Terms

Tesla shareholders will vote today on a proposal to end three-year terms for directors in favor of a yearly re-election process.

Shareholder proxy services Institutional Shareholders Services Inc. and Glass Lewis & Co. have objected to Tesla filling its board with members that have close ties – personal and professional – to Chief Executive Elon Musk.

Tesla has pushed back, saying the current structure gives its directors the long-term focus necessary to execute major initiatives like the acquisition of SolarCity and a global network of Tesla showrooms and service centers.

Tesla’s stock closed Wednesday at a record high $341.01. The company’s event for shareholders will take place at 2:30 p.m. PT today at the Computer History Museum in Mountain View, CA. A livestream for shareholders is available here.

 

[daniel]

I voted via the internet so long ago I don't even remember what the issues were. Tesla is the only company (now that Solar City is no longer separate) where I vote with the recommendation of the board without bothering to research the issues. But my few hundred shares won't affect the outcome. If it passes by only a couple of hundred votes or so, you can blame me.

 

[Jersey Shore Tom]

Is the livestream open to the public?

 

[WarpedOne]

yes

 

[Jersey Shore Tom]

t

yes

thanks