SAP (NYSE: SAP) investors back 2026 AGM pay, auditors, board and e-shares
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
SAP SE reported the results of its 2026 virtual Annual General Meeting, where shareholders approved all proposals put to a vote. Key items included appropriating retained earnings for fiscal 2025, formally approving the acts of the Executive and Supervisory Boards, and appointing auditors for the 2026 financial statements and sustainability reporting.
Shareholders also approved the 2025 compensation report and renewed authorization for the Executive Board to issue convertible and warrant-linked instruments with related contingent capital changes. Elections and re-elections to the Supervisory Board passed, and an amendment enabling the issuance of electronic shares was accepted with very high support.
Positive
- None.
Negative
- None.
Key Figures
Votes on profit appropriation: 846,529,297 shares, 68.91% of capital stock
Yes votes on profit appropriation: 845,804,976 shares (99.91%)
Yes votes on Executive Board acts: 827,411,583 shares (99.50%)
+3 more
6 metrics
Votes on profit appropriation
846,529,297 shares, 68.91% of capital stock
Valid votes cast on appropriation of retained earnings, fiscal 2025
Yes votes on profit appropriation
845,804,976 shares (99.91%)
Support for appropriation of retained earnings, fiscal 2025
Yes votes on Executive Board acts
827,411,583 shares (99.50%)
Approval of acts of the Executive Board, fiscal 2025
Yes votes on compensation report
769,930,993 shares (90.96%)
Approval of compensation report for fiscal 2025
Yes votes on capital authorization
784,881,012 shares (92.74%)
New authorization for convertible/warrant-linked instruments
Yes votes on electronic shares
845,936,103 shares (99.94%)
Amendment enabling issuance of electronic shares
Key Terms
appropriation of the retained earnings, formal approval of the acts, contingent capital, sustainability reporting, +1 more
5 terms
appropriation of the retained earnings financial
"Resolution on the appropriation of the retained earnings for fiscal year 2025"
formal approval of the acts financial
"Resolution on the formal approval of the acts of the Executive Board in fiscal year 2025"
contingent capital financial
"the cancellation of Contingent Capital I and the creation of new contingent capital"
sustainability reporting financial
"Appointment of the auditors of the sustainability reporting for fiscal year 2026"
Sustainability reporting is a company’s regular disclosure of how its operations affect the environment, workers, communities and how it manages those impacts, including energy use, pollution, workplace safety and board oversight. Investors use it like a report card to judge long-term risk and opportunity: clear, reliable reporting can reveal hidden costs or strengths that affect future profits and the company’s resilience to regulations, consumer shifts or supply disruptions.
FAQ
How did SAP (SAP) investors vote on the 2025 compensation report?
Investors approved SAP’s 2025 compensation report with 769,930,993 yes votes, or 90.96% of votes cast on this item. Although support was slightly lower than for other resolutions, it still reflects a strong majority backing the company’s executive pay disclosures.
Were SAP (SAP) Executive and Supervisory Board actions for 2025 approved?
Yes, shareholders formally approved the acts of both the Executive Board and Supervisory Board for fiscal year 2025. Approval rates were around 99.5% of votes cast for each item, indicating substantial confidence in the boards’ stewardship during the year.
What capital authorization changes did SAP (SAP) approve at the AGM?
Shareholders canceled an existing authorization and granted a new one for the Executive Board to issue convertible and/or warrant-linked bonds and similar instruments. The related contingent capital changes and Articles of Incorporation amendment passed with 92.74% yes votes on this governance item.
