Netflix Shareholders Vote Out Board Member In Rare Repudiation; Streamer Weighs Resignation Offer

Netflix Shareholders Vote Out Board Member In Rare Repudiation; Streamer Weighs Resignation Offer

In a year marked by some high-profile instances of shareholder activism, Netflix stockholders have voted director Jay Hoag, a venture capital investor, off the board. The vote follows a recommendation by leading proxy advisory firm Institutional Shareholder Services. ISS, which issues deep-dive analyses of issues up for vote at the annual meetings of many public companies, including the election of directors, had recommended a vote against Hoa…

Netflix Shareholders Vote to Oust Jay Hoag, Its Lead Independent Director, but the Board May Decide to Keep Him

Jay Hoag, who has served on Netflix’s board since 1999, failed to get reelected at the company’s annual shareholder meeting this week — and now the board must decide whether to keep him or let him go. At Netflix’s June 5 annual meeting, 78% of the shares that were voted on Hoag’s re-election to the […]