Prologis Announces Results from Stockholder Meeting
April 30, 2021 at 19:15 PM EDT
SAN FRANCISCO, April 30, 2021 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD), today announced that the following proposals were approved at the company's 2021 annual stockholder meeting:
Our stockholders elected Hamid R. Moghadam (chairman), Cristina G. Bita, George L. Fotiades, Lydia H. Kennard, Irving F. Lyons III, Avid Modjtabai, David P. O'Connor, Olivier Piani, Jeffrey L. Skelton, Carl B. Webb and William D. Zollars as directors of the company.
The advisory vote to approve the company's executive compensation program for 2020 did not receive the requisite number of favorable votes.
Prologis remains committed to the highest standards of governance and values its stockholders' perspectives shared through both direct engagement and in how they voted on the company's proxy ballot items. Prologis believes that the principal of pay-for-performance is embodied in its programs and that the compensation outcomes are closely aligned with the experience of its stockholders. The Board and Compensation Committee will continue to assess shared feedback as well as the outcome of the vote as part of their ongoing evaluation of Prologis' executive compensation programs.
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SOURCE Prologis, Inc.