REDMOND, Wash., Dec.
3, 2014 /PRNewswire/ -- Speaking to shareholders at
Microsoft Corp.'s annual meeting today, Chief Executive Officer
Satya Nadella highlighted the
company's strategic direction and continued progress in becoming
the productivity and platform company for the mobile-first and
cloud-first world.
"We are committed to building a thriving organization and
culture that will enable everyone at Microsoft to do their very
best work as we focus on delivering the next wave of innovation,
growth and long-term shareholder value," Nadella said.
Chief Financial Officer Amy Hood
recapped Microsoft's solid fiscal year 2014 performance and
reported a strong start to the current fiscal year, with improved
execution across all the company's businesses. Hood noted that the
company is investing in high-growth opportunities and remains
focused on delivering long-term shareholder value.
"I'm very pleased with the results we delivered in 2014 and
excited about the opportunities we have as a company in 2015 and
beyond," Hood said. "We firmly believe that the highest shareholder
value has always been created by delivering the products and
services our customers love and use, which will enable us to
capitalize on the massive opportunities in a mobile-first,
cloud-first world."
The following proposals were acted on by the company's
shareholders at the shareholder meeting:
- Elected 10 directors to serve until the next annual meeting of
shareholders. All director nominees received a vote of more than 92
percent of votes cast.
- Approved, on an advisory basis, the fiscal year 2014
compensation of the company's named executive officers. The
advisory measure received more than 72 percent of votes cast.
- Ratified the selection of Deloitte & Touche LLP as the
company's independent auditor, with a vote of nearly 99 percent of
votes cast.
- Rejected a shareholder proposal to allow proxy access for
shareholders. The shareholder proposal received approximately 10
percent of votes cast.
Microsoft's board of directors consists of John W. Thompson, Microsoft chairman and chief
executive officer of Virtual Instruments; William H. Gates, Microsoft founder and
technology advisor; Maria M. Klawe,
president of Harvey Mudd College;
Teri List-Stoll, chief financial
officer and executive vice president at Kraft Foods Group;
G. Mason Morfit, president of
ValueAct Capital; Satya Nadella,
Microsoft chief executive officer; Charles
H. Noski, former vice chairman of Bank of America Corp.; Dr.
Helmut Panke, former chairman of the
board of management at BMW Bayerische Motoren Werke AG;
Charles Scharf, chief executive
officer of Visa Inc; and John
Stanton, chairman of the board of Trilogy International
Partners. Eight of the 10 board members are independent of
Microsoft, which is consistent with the requirement in the
company's governance guidelines that a substantial majority be
independent.
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide
leader in software, services, devices and solutions that help
people and businesses realize their full potential.
Logo - http://photos.prnewswire.com/prnh/20000822/MSFTLOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/microsoft-holds-annual-shareholder-meeting-300004390.html
SOURCE Microsoft Corp.