Source: SEC 8-K hpq-20250414
HP Inc. (NYSE: HPQ), in its latest governance milestone, announced the results of its 2025 annual meeting of stockholders held on April 14, 2025. The annual meeting delivered overwhelming affirmation of HP’s corporate direction, leadership, and governance practices—fundamental signals of confidence from major institutional shareholders and retail investors alike.
Thirteen directors were elected to HP’s Board, with each candidate securing between 97.5% and 99.7% of all votes cast “For” or “Against.” Notably, directors such as Fama Francisco, Gianluca Pettiti, and Songyee Yoon achieved nearly 99.7% approval, a clear testament to investor trust in the company’s strategic leadership. - Lowest approval: Enrique Lores at 97.5% - Highest approval: Fama Francisco and Songyee Yoon at 99.7% - Votes for Stephanie A. Burns: 694,668,807 (99.6%)
HP’s stockholders ratified Ernst & Young LLP as independent auditor for fiscal 2025 with a substantial 93.6% of votes in favor (765,041,860 “For”, 51,402,923 “Against,” 1,272,802 abstentions). This endorsement reflects continued investor preference for financial transparency and operational consistency.
On say-on-pay, 93.7% of votes approved HP’s named executive officer compensation (654,425,815 “For”, 39,427,880 “Against”, 4,373,052 abstentions, 119,490,838 broker non-votes). This strong endorsement aligns with trends highlighted in recent earnings call commentary, where HP’s management repeatedly emphasized a disciplined capital allocation approach and the importance of aligning pay with long-term performance metrics [Source: HPQ Q1 2025 earnings call].
HP management, in its most recent quarterly earnings report, underscored board and compensation governance as key elements underpinning its competitive advantage. As CEO Enrique Lores stated, “We remain committed to responsible stewardship and driving value for shareholders through prudent management and strong oversight.” This annual meeting’s voting data reinforces investor alignment with those strategic priorities.
Quoting directly:
“We are seeing positive momentum across our core businesses and are executing on our long-term strategy with discipline and agility.” – Enrique Lores, Q1 2025 Earnings Call
Board Governance: HPQ showcases best practices in U.S. board governance, with re-election rates substantially above S&P 500 averages.
Proxy Voting: The sheer scale—over 691 million votes per director—demonstrates robust shareholder participation.
Compensation Policy: With over 93% advisory approval, HPQ’s executive compensation program is not only competitive but signals strong alignment with shareholder interests and market benchmarks.
Audit Independence: The reaffirmation of Ernst & Young LLP is a quantitative measure of investor trust in transparent reporting and SOX 404 compliance.
HP Inc.’s 2025 Annual Meeting results, marked by nearly unanimous votes for directors, solid ratification of its audit firm, and strong support for its executive pay structure, collectively reinforce stakeholder trust. The quantitative outcomes and shareholder engagement further cement HPQ’s standing as a benchmark for governance and corporate transparency in the technology sector.
Read the full SEC filing: hpq-20250414
Tags: HPQ, Board Governance, Proxy Vote, Executive Compensation, Audit Firm Ratification