Summary by Moomoo AI
Microsoft held its 2024 Annual Shareholders Meeting on December 10, where shareholders voted on various proposals. All 12 director nominees were re-elected with over 90% approval. Shareholders approved the compensation of named executive officers and ratified Deloitte & Touche LLP as the independent auditor for fiscal year 2025. Six shareholder proposals were not approved, including reports on AI-related issues and weapons development.Separately, Microsoft disclosed an expected impairment charge of approximately $800 million in Q2 FY2025, following General Motors' announcement to realign its autonomous driving strategy and acquire minority investor shares in Cruise. This charge, not included in previous guidance, is estimated to negatively impact Q2 diluted EPS by about $0.09. The impairment will be recorded in other income and expense.
