Paramount Skydance (PSKY) AGM 2024 summary

Opening remarks and agenda

• Meeting commenced with instructions on conduct and confirmation of a general Q&A session to follow the business portion.

• Representatives from the independent auditor, inspector of election, and proxy mailing service were present.

Shareholder proposals

• Proposal 5 requested shareholder approval for executive golden parachute packages exceeding 2.99x salary plus bonus; board recommended voting against.

• Proposal 6 requested a report on the use of artificial intelligence, board oversight, and ethical guidelines; board recommended voting against.

• Both shareholder proposals were presented and discussed, but neither received sufficient votes for approval.

Corporate governance

• Election of six directors was held, with board recommending all nominees.

• Ratification of the independent auditor for fiscal year 2024 was recommended.

• Amendments to the long-term incentive plan and Certificate of Incorporation, including officer exculpation, were proposed and recommended.