L3Harris Technologies, Inc. (LHX, Financial) recently held its 2025 Annual Meeting of Shareholders on April 18, 2025. The meeting saw significant participation, with 172,798,381 shares represented, accounting for approximately 92.1% of the total 187,716,345 shares eligible to vote.
During the meeting, shareholders voted on several key proposals:
Election of Directors: All thirteen nominees for the Board of Directors were successfully elected for a one-year term, set to expire at the 2026 Annual Meeting of Shareholders. This ensures continuity in leadership as the company navigates the upcoming fiscal year.
Executive Compensation: In an advisory vote, shareholders approved the compensation packages for the company's named executive officers. This approval reflects shareholder confidence in the executive team's strategic direction and performance.
Appointment of Independent Auditors: The shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 2, 2026. This decision underscores the company's commitment to maintaining transparency and integrity in its financial reporting.
Shareholder Proposal on Lobbying Transparency: A proposal titled "Transparency in Lobbying" was presented but ultimately rejected by the shareholders. This outcome indicates the current shareholder sentiment regarding the company's lobbying practices.
The results of this meeting highlight the ongoing support from shareholders for L3Harris Technologies' strategic initiatives and governance practices. As the company moves forward, these decisions will play a crucial role in shaping its future trajectory.
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