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Stockreport

Musk won pay package with shareholders' vote, Tesla argues in court filing [FOX Business Network]

Tesla, Inc. (TSLA)  More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla is arguing in a court filing that CEO Elon Musk won the legal battle over his $56 billion pay package because shareholders voted to reapprove the compensation after a Delaware judge voided the compensation plan earlier this year. The filing, which was made public Thursday, comes about two weeks after Tesla shareholders voted to approve Musk's compensation plan, which was originally approved in 2018. Chancellor Kathaleen McCormick of Delaware's Court of Chancery invalidated the pay plan in January after finding that Musk's close relationships with some board members influenced negotiations and that the company failed to adequately explain to shareholders that Tesla was on track to hit many of the plan's performance-based targets. Tesla's filing argues that the judge should issue a final order that finds for the defendants. The company has also sought to lower the amount of legal fees that the attorneys for the shareholder who brought the lawsuit will receive to as low as $ [Read more]
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Stockreport

Musk won pay package with shareholders' vote, Tesla argues in court filing [FOX Business Network]

Tesla, Inc.  (TSLA) 
More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla is arguing in a court filing that CEO Elon Musk won the legal battle over his $56 billion pay package because shareholders voted to reapprove the compensation after a Delaware judge voided the compensation plan earlier this year. The filing, which was made public Thursday, comes about two weeks after Tesla shareholders voted to approve Musk's compensation plan, which was originally approved in 2018. Chancellor Kathaleen McCormick of Delaware's Court of Chancery invalidated the pay plan in January after finding that Musk's close relationships with some board members influenced negotiations and that the company failed to adequately explain to shareholders that Tesla was on track to hit many of the plan's performance-based targets. Tesla's filing argues that the judge should issue a final order that finds for the defendants. The company has also sought to lower the amount of legal fees that the attorneys for the shareholder who brought the lawsuit will receive to as low as $ [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS