Salesforce Stock Gains as CRM Software Giant Holds Its Annual Shareholder Meeting

Shareholder Meeting Outcomes - Salesforce shares surged 4% to $252 85 on the day of the annual shareholder meeting [1] - Despite the day's gains, shares have lost close to 4% of their value since the start of the year [1] - Investors approved executive pay, including CEO Marc Benioff's $39 65 million total compensation for fiscal 2024, a 32% increase from fiscal 2023 [2] - Shareholders reelected the board of directors [2] Equity Incentive Plan and Liability Changes - Shareholders approved an extension of the employee equity incentive plan, increasing the number of shares reserved for issuance by 36 million shares [3] - Investors approved an amendment to update liability exculpation for some officers in accordance with recent changes in Delaware law [3] Shareholder Proposals - None of the shareholder proposals, including those from the National Legal and Policy Center and investor John Chevedden, passed [3]