Activision Shareholders Vote to Re-Elect Board of Directors

On June 21, Activision Blizzard held an annual stockholders meeting where shareholders voted upon several proposals regarding the company's operation.

One of the proposals voted on was which directors would be elected to serve another term. About 91% of shareholders have voted in favor of re-electing the company's ten directors to the board – their term of office will be extended until the end of the next annual meeting that will take place in 2023.

This includes the company's CEO, Bobby Kotick, who received 533,703,580 votes in favor of his re-election with only 62,597,199 shareholders being against.

The majority of shareholders (88%) also approved the company's executive compensation which includes base salary as well as short and long-term financial incentives for employees who take top executive positions.

A stockholder proposal regarding the nomination of an employee representative for the company was not approved with the vast majority of shareholders (95%) voting against it.

The firm also disclosed that about 67% voted in favor of the stockholder proposal to prepare a report about the company’s efforts to prevent abuse, harassment, and discrimination in the workplace.

"Consistent with our ongoing commitments, we will carefully consider the proposal to enhance our future disclosures," the company said in a statement. "Activision Blizzard remains deeply committed to a respectful, welcoming workplace for all colleagues."

Last month, the SOC Investment Group released a letter urging shareholders to vote against re-election of the board claiming that six of the ten directors, including Bobby Kotick, "failed either to recognise that Activision Blizzard for years maintained unsafe workplaces exhibiting frequent and repeated sexual harassment, sexual assault, and gender discrimination."

However, shortly after Activision denied these claims which the company referred to as "blatant misrepresentations" providing a list of changes that have been recently implemented to improve working culture.

Last Thursday, Activision also released a summary of an internal review claiming that the company didn't find any evidence that its executives "intentionally ignored" harassment claims.

You can find an official filing for the company's annual meeting here. Also, don't forget to join our new Reddit page, our new Telegram channel, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more.