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An update from Adobe (ADBE) is now available.
At Adobe Inc.’s 2024 Annual Meeting, stockholders greenlighted the amendment of the 2019 Equity Incentive Plan, expanding the share reserve by 5 million shares, along with the election of twelve board members, ratification of KPMG LLP as the independent auditor, and an advisory approval of executive compensation. Proposals on mandatory director resignation and hiring reports for individuals with past incarcerations, however, were not passed. The meeting’s outcomes are a significant indication of investor sentiment and priorities, reflecting confidence in the company’s governance and executive pay structure, while demonstrating hesitancy towards certain shareholder-driven policies.
Learn more about ADBE stock on TipRanks’ Stock Analysis page.