Source Link: Read the official 8-K filing
On April 14, 2025, HP Inc. (NYSE: HPQ) convened its 2025 annual meeting of stockholders, representing a pivotal moment in the company’s corporate governance cycle. This event, detailed in HP’s recent Form 8-K filing, showcased robust shareholder participation and resulted in quantitative outcomes that demonstrate both stability and shareholder confidence in HP Inc.’s direction, executive team, and long-term vision.
HP’s shareholders elected thirteen board members for a one-year term, with voting percentages reflecting strong support for the nominees: - Chip Bergh: 99.1% of votes cast - Fama Francisco, Gianluca Pettiti, Songyee Yoon: All received 99.7% approval—an exceptionally high endorsement that underscores investor confidence - The lowest approval rate among directors, Enrique Lores and Bruce Broussard, still stood at a substantial 97.5%, indicating a strong mandate - Average approval rating across all directors was approximately 98.9% - Total broker non-votes across all board elections: 119,490,838 shares, highlighting the scale of the shareholder base
Quotation: “Shareholders elected all thirteen nominees by overwhelming margins, signaling robust endorsement of HP’s current leadership.” (HP 8-K 2025)
HP Inc.’s executive compensation, always a focus for institutional investors, passed with high support: - For: 654,425,815 votes (93.7% of shares present) - Against: 39,427,880 - Abstentions: 4,373,052 - Broker Non-Votes: 119,490,838
This overwhelming 93.7% approval cements confidence in the company’s pay-for-performance strategy—a theme echoed in previous earnings calls where HP’s management highlighted the alignment between executive incentives and strategic performance targets.
Relevant Previous Commentary: In the Q1 2025 earnings call, CEO Enrique Lores emphasized, “Our compensation philosophy is rooted in driving sustainable growth and rewarding achievement of rigorous operational and financial goals.” (source: HP Q1 2025 earnings call transcript)
Shareholders ratified Ernst & Young LLP as HP’s independent public accounting firm for the fiscal year ending October 31, 2025: - For: 765,041,860 votes (93.6%) - Against: 51,402,923 - Abstentions: 1,272,802
This consistently high ratification rate underscores investor trust in HP’s financial oversight practices and rigorous internal controls—a critical competitive differentiator referenced multiple times in past financial disclosures.
HP Inc. has consistently communicated a strategic focus on: - Shareholder return enhancement (buybacks and dividends) - Operational discipline - Board diversity and technological expertise - Executive accountability
These results reinforce commentary from recent earnings calls, in which leadership stressed governance transparency and prudent capital allocation. The exceptionally high voting percentages demonstrate institutional investor alignment with HP’s governance structure and compensation philosophy.
The 2025 HP annual meeting’s results signal continued confidence in HP’s strategic direction, with quantitative metrics indicating overwhelming approval for both board leadership and executive compensation. HP Inc.’s governance practices, as reflected in the proxy voting outcomes, position the company to execute its strategic goals with clarity and accountability.
Tags: HP Inc corporate governance, 2025 HP annual meeting, HP board elections, shareholder voting data, executive compensation HP