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TSLA

Tesla's $56 billion pay package for Elon Musk was backed by 77% of votes at the AGM. James Murdoch and Kimbal Musk were elected to the board with 68.8% and 79.5% of votes, respectively.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 10:14 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders approved Elon Musk's $56 billion pay package, but it now requires approval from a Delaware judge. Despite shareholder support, the package faces legal challenges and opposition due to recent declines in sales and stock prices. The outcome remains uncertain.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 8:53 am

WKEY

WISeKey International Holding Ltd. (NASDAQ: WKEY) has announced the retirement of its Chief Financial Officer, Peter Ward, effective June 30, 2024. John O'Hara will take over as the new CFO starting July 1, 2024. Peter Ward will continue to serve on the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:22 am

AAPL

OPENAI

OpenAI has appointed retired U.S. Army General Paul M. Nakasone to its Board of Directors to enhance its cybersecurity measures. This move comes as OpenAI increases its lobbying efforts and collaborates with Apple to integrate ChatGPT into Apple devices. OpenAI is also expanding its global presence with a new office in Tokyo.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 6:57 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders have approved the move of the company's legal headquarters from Delaware to Texas. This decision follows a dispute over Elon Musk's $56 billion pay package, which was rescinded by the Delaware Court of Chancery. The shareholders also reapproved Musk's pay package, giving him significant legal leverage.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 6:51 am

ADBE

DIS

GME

SMCI

TSLA

On Thursday, major U.S. stock indices showed varied results. Tesla, GameStop, Super Micro Computer, Adobe, and Disney were the top stocks that gained attention. Tesla's stock rose due to shareholder meeting outcomes, GameStop surged due to rescheduled meeting, Super Micro Computer increased due to AI growth, Adobe fell slightly after beating financial estimates, and Disney dropped after settling a dispute with Florida's governor.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 2:16 am

GME

GameStop's virtual annual meeting was adjourned due to technical difficulties and has been rescheduled to June 17, 2024, at 12:30 PM EST.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:28 pm

TSLA

Tesla shareholders approved a $56 billion pay package for CEO Elon Musk and other company proposals during the annual shareholders meeting. Key highlights included the success of the Model Y, the start of Cybertruck deliveries, and advancements in AI and FSD. The re-classification of Tesla's corporate headquarters from Delaware to Texas was also approved.

Portfolio Pulse from Chris Katje

June 13, 2024 | 9:19 pm

TSLA

Tesla shareholders have approved Elon Musk's $56 billion pay package. Additionally, Kimbal Musk and James Murdoch have been reelected as directors. Investors also supported moving the company's jurisdiction from Delaware to Texas.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:10 pm

SEE

Sealed Air (SEE) has appointed Patrick Kivits as its new CEO, effective July 1, 2024. Kivits will also join the Board of Directors. Emile Chammas will continue as COO, and Dustin Semach will be elevated to President and CFO.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:04 pm