Source: HP Inc. 8-K Filing, April 14, 2025
HP Inc. (NYSE: HPQ) convened its 2025 Annual Shareholder Meeting on April 14, 2025, underscoring its commitment to strong corporate governance, transparent executive compensation practices, and rigorous financial oversight.
Thirteen director nominees were elected, with each receiving over 97% of votes cast in their favor, demonstrating investor alignment with HP’s current strategic trajectory and leadership. For instance, Fama Francisco, Gianluca Pettiti, and Songyee Yoon each secured approximately 99.7% shareholder support, highlighting institutional confidence. - Highest Support: Gianluca Pettiti and Songyee Yoon (99.7%) - Lowest Support: Bruce Broussard and Enrique Lores (97.5%) - Average “For” Votes Across Nominees: Over 98.9%
This decisive board election echoes themes from HP’s [Q1 2025 Earnings Call], where CEO Enrique Lores emphasized board alignment with growth initiatives in hybrid work solutions and print services—reinforcing the value investors place on governance continuity.
Quotation: “Our Board’s experience is instrumental in navigating the evolving market landscape,” — Enrique Lores, Q1 2025 Earnings Call.
Shareholders ratified Ernst & Young LLP as the company’s independent registered public accounting firm for fiscal 2025, with 93.6% approval. This high level of support signals trust in HP’s financial reporting standards and audit oversight, especially as the company navigates margin expansion and operational efficiency—recurring priorities from recent calls.
Statistic: Only 6.4% of shareholders opposed or abstained, indicating consensus on audit reliability.
Technical Term: “Audit ratification” is crucial for Sarbanes-Oxley compliance, ensuring robust controls over HP’s $50+ billion revenue base (FY24).
The advisory vote on executive compensation (“Say-on-Pay”) passed with 93.7% of votes in favor, confirming broad support for HP’s pay-for-performance leadership structure. - Votes For: 654,425,815 - Votes Against: 39,427,880
This mirrors management commentary in previous quarters, where HP stressed alignment between incentive structure and long-term value creation. It also comes as HP continues cost discipline and sustainable capital returns, themes persistent since FY24.
Quotation: “Our compensation philosophy is closely tied to value delivery for shareholders and customers alike,” — HP Proxy Statement (Feb 2025).
Notably, over 119 million broker non-votes were recorded for proposals not related to auditor ratification, a common feature in annual meetings that reflects procedural clarity and adherence to best proxy practices.
HP Inc.’s 2025 Annual Meeting outcomes affirm investor confidence in established governance, financial controls, and executive compensation philosophies. With director election rates averaging above 98%, and audit as well as compensation proposals receiving over 93% support, HPQ continues to execute on transparent, shareholder-centric corporate stewardship — key themes reinforced throughout HP’s latest earnings calls.
For full details, see the official 8-K filing: HP Inc. 2025 8-K Report
Citations: - HP Inc. 8-K Filing, April 14, 2025 - HP Inc. Q1 2025 Earnings Call [transcript] - HP Inc. 2025 Proxy Statement (SEC Filing, Feb 2025)