Block, Inc. (NYSE: XYZ) investors back pay, auditor but reject tech panel
Rhea-AI Filing Summary
Block, Inc. reported results from its 2026 annual meeting of stockholders. Class A and Class B shares voted together, with 92.67% of the voting power represented, establishing a strong quorum. Four Class II director nominees were elected to serve until the 2029 annual meeting.
Stockholders cast 974,750,909 votes for and 21,495,833 against the advisory resolution approving compensation of named executive officers, indicating broad support for current pay practices. They also ratified Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2026, with 1,050,711,108 votes in favor.
A stockholder proposal to establish a board-level technology committee did not pass, receiving 39,387,499 votes for and 954,273,725 votes against. Other items included standard broker non-votes on matters where intermediaries lacked discretionary voting authority.
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