Summary by Moomoo AI
Rivian Automotive held its Annual Meeting of Stockholders on June 18, 2024, with approximately 71.71% of the combined voting power of Class A and Class B common stock represented. The meeting saw the successful election of Jay Flatley and John Krafcik as Class III directors to serve until 2027.Shareholders strongly supported the company's proposals, with KPMG LLP's appointment as independent auditor for fiscal year 2024 receiving 750,256,500 votes in favor. Additionally, shareholders approved the advisory vote on executive compensation with 477,970,313 votes in support.The meeting demonstrated significant shareholder engagement, with 686,036,667 Class A shares and 7,825,000 Class B shares represented. Class A stockholders were entitled to one vote per share, while Class B stockholders received ten votes per share, as recorded on the April 24, 2024 Record Date.
