Shareholders voted on the election of three incumbent directors to serve three-year terms expiring at the annual meeting in 2029. The nominees were Martin Craighead , Gloria Flach , and Matthew Levatich . Tang said the board recommended voting in favor of each nominee.Tang reported that, as of the record date, Emerson had 562,302,093 shares of common stock outstanding. Proxies and ballots were received for 495,357,307 shares , representing more than 88% of shares entitled to vote, which the company said con ...

Financial Performance and Key Metrics - Fiscal 2025 revenue grew 15% year over year to $9.22 billion [2] - Next Generation Security (ARR) increased 32% year over year to $5.58 billion [2] - PO grew 24% year over year to $15.8 billion [2] Business Line Performance - Network Security (NGS ARR) reached $3.9 billion, a 35% year over year increase [3] - Security Operating Platform (NGS ARR) saw a 25% year over year increase, reaching $1.7 billion [3] - Cortex's XSIAM customer base more than doubled year over year, indicating strong adoption [3] Market Data and Key Metrics - The cybersecurity landscape is shifting due to the emergence of generative and agentic AI, influencing product offerings [4] Company Strategy and Industry Competition - The focus for fiscal 2025 was on evolving product offerings to support customer adoption of AI tools [4] - The launch of Prisma AIRS, a comprehensive AI security platform, was a key strategic move [4] - The intent to acquire CyberArk was announced to enhance identity security capabilities [4] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of innovation and the role of employees in driving the company's success [5] - The company is committed to protecting customers from increasing cyber threats [5] Other Important Information - Shareholder proposals regarding executive compensation and board declassification were discussed, with mixed outcomes [10][18] Q&A Session Summary Question: Concerns about executive compensation linked to stock buybacks - A shareholder urged the board to adjust financial performance metrics to exclude the impact of share repurchases when determining executive compensation [10][11] Question: Proposal for declassifying the board - A shareholder argued that declassifying the board would improve accountability and align with best practices in corporate governance [13][14] Response from Management - The board recommended voting against the shareholder proposals, citing reasons outlined in the company's proxy statement [15]