Microsoft holds annual shareholders meeting

PRNewswire 28-Nov-2018 1:50 PM

REDMOND, Wash., Nov. 28, 2018 /PRNewswire/ -- Speaking to shareholders at Microsoft Corp.'s annual meeting on Wednesday, Chief Executive Officer Satya Nadella highlighted the importance of creating technology that benefits people and society broadly, and the opportunity for Microsoft to help its customers and partners thrive in a world where every company is a software company.

"I'm proud of the progress we made this past fiscal year as we innovate and help our customers digitally transform," Nadella said. "We create economic opportunity in every community, and this broad impact – coupled with our focus on instilling trust in technology across everything we do – makes me incredibly optimistic about the opportunity ahead."

Executive Vice President and Chief Financial Officer Amy Hood shared highlights of Microsoft's record performance over the past year fiscal year including continued growth in its commercial cloud business and strong growth across each service. Hood noted that Microsoft is confident in its ability to execute against its innovation roadmap, positioning the company for continued growth and to deliver shareholder value.

The following proposals were acted on by the company's shareholders at the meeting. All proposals received above 95 percent of votes cast.

• Re-elected 14 directors to serve until the next annual meeting of the shareholders.
• Approved, on a nonbinding advisory basis, the fiscal year 2018 compensation of the company's named executive officers.
• Ratified the selection of Deloitte & Touche LLP as the company's independent auditor for fiscal year 2019.

Microsoft's board of directors consists of John W. Thompson, Microsoft independent chairman; William H. Gates, co-chair and trustee of the Bill & Melinda Gates Foundation; Reid Hoffman, partner at Greylock Partners; Hugh Johnston, vice chairman and chief financial officer of PepsiCo Inc.; Teri L. List-Stoll, executive vice president and chief financial officer of Gap Inc.; Satya Nadella, chief executive officer of Microsoft; Charles H. Noski, former vice chairman of Bank of America Corp.; Dr. Helmut Panke, former chairman of the board of management at BMW AG; Sandra E. Peterson, former group worldwide chair for Johnson & Johnson; Penny S. Pritzker, founder and chairman of PSP Partners; Charles W. Scharf, chief executive officer of The Bank of New York Mellon Corp.; Arne Sorenson, president and chief executive officer of Marriott International; John W. Stanton, chairman of Trilogy Partnerships; and Padmasree Warrior, chief development officer, NIO Inc. and chief executive officer, NIO USA Inc.  

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

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SOURCE Microsoft Corp.