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Adobe Inc. (ADBE) CEO Shantanu Narayen Hosts 2021 Annual Meeting of Stockholders (Transcript)
AdobeAdobe(US:ADBE)2021-04-20 17:38

Summary of Adobe Inc. 2021 Annual Meeting of Stockholders Company Overview - Company: Adobe Inc. (NASDAQ: ADBE) - Date of Meeting: April 20, 2021 - Participants: - Shantanu Narayen - Chairman, President and CEO - Dana Rao - General Counsel and Corporate Secretary - John Murphy - Executive Vice President and Chief Financial Officer - Jonathan Vaas - Vice President of Investor Relations Key Points Discussed Acknowledgment of Co-Founder - The meeting began with a tribute to Dr. Chuck Geschke, co-founder of Adobe, who recently passed away. His contributions to innovation and company culture were highlighted, including the creation of transformative software like PDF and Photoshop [3][4] Meeting Formalities - The meeting was called to order with a quorum established, as 413,379,097 shares (approximately 86.24% of total outstanding shares) were represented [6] Voting Proposals - Four proposals were presented for voting: 1. Election of 11 members to the Board of Directors for a one-year term 2. Approval of the 2019 equity incentive plan, increasing the share reserve by 6 million shares 3. Ratification of KPMG as Adobe's independent registered public accounting firm for the 2021 fiscal year 4. Advisory vote on executive compensation - All proposals were approved by stockholders, including the re-election of all 11 directors [8][9] Future Outlook - Shantanu Narayen expressed pride in Adobe's impact and innovation, emphasizing that the company's best days are ahead. He encouraged stakeholders to visit the Investor Relations page for more information on operations and past results [10] Additional Important Information - The final voting results will be reported on a Form 8-K filed with the SEC within four business days after the meeting [10] - The meeting concluded with an invitation for stockholders to submit questions, with responses to be provided on the Investor Relations section of Adobe's website [10]