Paramount Skydance (PSKY) AGM 2024 summary

Opening remarks and agenda

• The meeting began with a review of conduct rules and an outline of the agenda, including voting procedures and the presence of independent auditors and election inspectors.

• Voting was opened for stockholders of record, with instructions provided for participation and vote changes.

Board and executive committee updates

• Six director nominees were presented for election, with board recommendations for approval.

• The board recommended ratification of the independent auditor and amendments to the long-term incentive plan and Certificate of Incorporation.

Shareholder proposals

• A proposal to require shareholder approval for excessive golden parachute compensation was presented, emphasizing alignment of executive pay with shareholder interests.

• Another proposal requested a report on the company's use of artificial intelligence, including board oversight and ethical guidelines, citing risks such as bias, data misuse, and reputational impact.

• The board recommended voting against both shareholder proposals, citing reasons detailed in the proxy statement.