Tesla rises premarket after Musk says shareholders voting yes on $56 bn pay plan [Yahoo! Finance]
Piper Sandler Companies (PIPR)
Last piper sandler companies earnings: 5/1 08:04 am
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Source: Yahoo! Finance
that shareholders are backing his $56 billion pay package and a move by the electric vehicle giant to reincorporate in Texas from Delaware. Tesla shareholders are voting on Musk's controversial pay package -- the largest in U.S. corporate history -- and the reincorporation in Texas this week. The results are due to be unveiled at a meeting at Tesla's headquarters in Texas on Thursday. "Both Tesla shareholder resolutions are currently passing by wide margins! Thanks for your support!!," Musk said in a post on X. Reuters has also reported a similar trend in early voting, citing a source familiar with the preliminary tally. "We expect the stock to respond favorably to this news, though the upside is perhaps unlikely to be as violent as the downside would have been, had shareholders rejected the deal," analysts at Piper Sandler said in a note to clients. Musk's pay deal was struck down by a Delaware judge earlier this year after a slew of lawsuits and complaints from shareholder
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PIPR
Earnings
- 4/29/24 - Beat
PIPR
Sec Filings
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- PIPR's page on the SEC website