Facebook followed up Wednesday’s Form 8-K/A filing with the Securities and Exchange Commission, in which it stipulated that non-binding advisory votes on the company’s executives’ compensation will be held every three years, with a host of Form 4 filings detailing the exercising of restricted stock units, by Chief Financial Officer David Ebersman, Vice President and General Counsel Colin Stretch, Chief Technology Officer Mike Schroepfer, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles.
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Facebook To Hold Non-Binding Shareholder Advisory Votes On Executives’ Compensation Every Three Years
Facebook confirmed in a Form 8-K/A filing with the Securities and Exchange Commission Wednesday that, as voted on at its annual meeting in June, the company will hold non-binding advisory votes on its executives’ compensation every three years.