Facebook Chief Technology Officer Mike Schroepfer, Chief Product Officer Chris Cox, and Directors Marc Andreessen, Susan Desmond-Hellmann, Erskine Bowles, Donald Graham, Reed Hastings, and Peter Thiel revealed their activities with Facebook restricted stock units and shares in Form 4 filings Tuesday with the Securities and Exchange Commission.
Facebook filed a Form 8-K with the Securities and Exchange Commission last Friday, detailing the final voting tallies from its annual meeting last Thursday at the Sofitel San Francisco Bay in Redwood City, Calif.
It was a clean sweep in favor of Facebook when the votes were tallied at its 2014 annual meeting Thursday at the Sofitel San Francisco Bay in Redwood City, Calif., as shareholders followed the company’s recommendations on every measure that was voted upon.
A host of Facebook officers and directors submitted Form 4 filings to the Securities and Exchange Commission Monday detailing their exercising of restricted stock units and sales of class-A common shares in the company: Chief Operating Officer Sheryl Sandberg, Vice President of Business and Marketing Partnerships David Fischer, outgoing Chief Financial Officer David Ebersman, Chief Product Officer Chris Cox, Chief Technology Officer Mike Schroepfer, VP and General Counsel Colin Stretch, Director Susan Desmond-Hellmann, Chief Accounting Officer Jas Athwal, and Directors Donald Graham, Erskine Bowles, Marc Andreessen, and Peter Thiel.
Facebook’s 2014 annual meeting will be held Thursday, May 22, at 11 a.m. PT, at the Sofitel San Francisco Bay in Redwood City, Calif., and shareholders will vote on the company’s board of directors, as well as on ratifying the appointment of Ernst & Young as Facebook’s independent registered public accounting firm for the fiscal year ending Dec. 31, and on five other stockholder proposals, the social network revealed in a Schedule 14A filing with the Securities and Exchange Commission.
Facebook Co-Founder and CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg received the most withheld votes of the eight members of the social network’s board of directors that were re-elected at its annual meeting Tuesday, according to the Form 8-K Facebook filed with the Securities and Exchange Commission Thursday.
Granted, it’s only one seat, but critics of Facebook’s board of directors bemoaning the lack of women, aside from Chief Operating Officer Sheryl Sandberg, will likely welcome the addition of University of California, San Francisco Chancellor Susan Desmond-Hellmann.
A few Facebook executives rang in the new year by selling off some of their stock in the company, making a tidy sum in the process. Facebook board member Donald Graham, Vice President of Engineering Michael Schroepfer, General Counsel Ted Ullyot, and Chief Accounting Officer David Spillane all sold some of their social network stock in the past few days, according to Securities and Exchange Commission filings. And Chief Operating Officer Sheryl Sandberg converted a portion of her shares from class-B to class-A, making them easier to sell.