{"id":47531,"date":"2023-04-17T09:03:33","date_gmt":"2023-04-17T13:03:33","guid":{"rendered":"https:\/\/autosector.com\/?p=47531"},"modified":"2023-04-17T09:03:33","modified_gmt":"2023-04-17T13:03:33","slug":"tesla-annual-shareholder-meeting-looking-ahead","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=47531","title":{"rendered":"Looking Ahead To Tesla’s Annual Shareholder Meeting"},"content":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX<\/a>, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs<\/a>, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!<\/em><\/p>\n

Posted on<\/span>\u00a0EVANNEX on April 17, 2023,\u00a0by<\/span>\u00a0Peter McGuthrie<\/p>\n

Tesla<\/a> has its next annual shareholder meeting coming up next month, and many investors are already considering what to expect at the event. Held with a limited in-person capacity at Tesla\u2019s Gigafactory Texas, most will take part online in a public livestream event.<\/p>\n

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Above: A Tesla logo on a Model Y (Image:\u00a0Casey Murphy<\/a>\u00a0\/ EVANNEX).<\/em><\/p>\n

The next Tesla shareholder\u2019s meeting will take place on Tuesday, May 16, 2023, and will let investors vote on five different proposals, as reported by\u00a0Yahoo Finance<\/em><\/a>. The proposals include one investor proposal, votes on executive compensation, a new candidate for board membership and more.<\/p>\n

You can see the proposals detailed below, as were recently disclosed in a filing and reported on by Yahoo Finance.<\/em><\/p>\n

<\/svg><\/span>Tesla Board of Directors Nomination<\/h2>\n

Tesla has nominated former CTO JB Straubel to succeed Board of Directors Class I director Hiromichi Mizuno<\/a>, whose term is running out and who will not be seeking re-election. Straubel is the founder and CEO of battery recycling company Redwood Materials, which has an ongoing partnership with Tesla. He worked as the company\u2019s CTO for 14 years and has had a relationship with Elon Musk<\/a>\u00a0since before joining Tesla. Shareholders will vote to approve or deny Straubel\u2019s nomination.<\/p>\n

In addition, Board chair Robyn Denholm and Musk are up for re-election.<\/p>\n

<\/svg><\/span>Frequency of Non-Binding Vote on Executive Compensation<\/h2>\n

Tesla shareholders will vote on how often they want a non-binding advisory vote on executive officer compensation, choosing between one-, two- and three-year cycles. The Board has officially recommended a three-year cycle.<\/p>\n

<\/svg><\/span>Executive Compensation<\/h2>\n

Shareholders must approve or deny a recently proposed compensation plan for Tesla\u2019s four executive officers. Tesla\u2019s executive officers include Musk, Tom Zhu, Andrew Baglino and Zachary Kirkhorn.<\/p>\n

<\/svg><\/span>Investor Proposal on Reporting on Key-Person Risk<\/h2>\n

Iceland investor Sumtris ehf has put forward this proposal, which looks to identify significant people, succession processes and other “actions to ameliorate the impacts of their potential loss.” The proposal comes amidst concerns over Musk\u2019s leadership, who leads Tesla and a number of other companies, most recently including Twitter.<\/p>\n

Tesla recommends voting against this measure, adding that it\u2019s approval “would cause unnecessary competitive harm.”<\/p>\n

<\/svg><\/span>Appointment of Independent Registered Public Accounting Team<\/h2>\n

Lastly, Tesla has requested that investors vote to continue using PriceWaterhouseCoopers as the company\u2019s auditor for 2023 financial statements. According to Tesla, PWC has been auditing the company\u2019s financials for 17 years.<\/p>\n

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Tesla held its previous annual shareholders’ meeting on August 4, 2022 at Giga Texas, during which investors voted in favor of another stock split, among other proposals. In 2021, the automaker held its annual shareholder meeting on October 7, as an online-only event. Tesla\u2019s shareholder meetings typically last around an hour to an hour and a half, also including Q&A sessions in which investors can ask their own questions to the company\u2019s leaders.<\/p>\n

Source:\u00a0Yahoo Finance<\/em><\/a><\/p>\n

===<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/47531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47531"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/47531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47531"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}