Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting
MarketWatch2021-08-14 11:30
Board members would serve for two years rather than three
Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.
One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.
If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.
The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.
Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.
Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.
The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.
Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.
source：MarketWatch
MarketWatch2021-08-14 11:30
Board members would serve for two years rather than three
Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.
One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.
If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.
The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.
Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.
Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.
The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.
Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.
source：MarketWatch
#中方不怕鬼不惧压不信邪#
旧金山湾区，光天化日之下，华人再遭抢劫。
OAKLAND, Calif. (AP) — An armed robber in the San Francisco Bay Area pistol-whipped an Asian man and a person who tried to intervene in what police described Friday as a “brazen” attack in broad daylight.
The man was standing on a corner of Oakland's Chinatown on Thursday when two men walked up and tried to take his belongings. One of the attackers was armed with a gun with an extended magazine,police said in a statement.
旧金山湾区，光天化日之下，华人再遭抢劫。
OAKLAND, Calif. (AP) — An armed robber in the San Francisco Bay Area pistol-whipped an Asian man and a person who tried to intervene in what police described Friday as a “brazen” attack in broad daylight.
The man was standing on a corner of Oakland's Chinatown on Thursday when two men walked up and tried to take his belongings. One of the attackers was armed with a gun with an extended magazine,police said in a statement.
Calif Moment - Davis
可能是疫情太久不飞长途了，坐上united的大飞机好震惊。而且里面带的电影竟然有我苦苦寻觅好久甚至差点花钱（？）要看的真人版101忠狗
从前SF去Davis的路上看到一辆车着火了，纽约从来没见过这种阵仗[费解]加州人驾驶技术真的不是吹，可以给你开飞
来到“酒店的”健身房的瞬间真的是the moment，各种器械眼花缭乱，后面还有专业泳池和搞杂技的？我揣着纽约的时差和为避免器械不足而特意带来的弹力带站在门口手足无措，我对人类的渺小感的体验，在一个啤酒肚大过孕妇的加州大胖（大壮）倒立热身后达到了顶峰。
但跟脚踏车43度穿长裤；和松鼠拍照；和火鸡拍照；和牛拍照；震惊有人光脚走路这些外乡人行为比起来，时隔五年我还能做到烈日下长袖短裤，一双人字拖走五公里，证明纽约文明不能完全驯化加州人骨子里的野生气息。
可能是疫情太久不飞长途了，坐上united的大飞机好震惊。而且里面带的电影竟然有我苦苦寻觅好久甚至差点花钱（？）要看的真人版101忠狗
从前SF去Davis的路上看到一辆车着火了，纽约从来没见过这种阵仗[费解]加州人驾驶技术真的不是吹，可以给你开飞
来到“酒店的”健身房的瞬间真的是the moment，各种器械眼花缭乱，后面还有专业泳池和搞杂技的？我揣着纽约的时差和为避免器械不足而特意带来的弹力带站在门口手足无措，我对人类的渺小感的体验，在一个啤酒肚大过孕妇的加州大胖（大壮）倒立热身后达到了顶峰。
但跟脚踏车43度穿长裤；和松鼠拍照；和火鸡拍照；和牛拍照；震惊有人光脚走路这些外乡人行为比起来，时隔五年我还能做到烈日下长袖短裤，一双人字拖走五公里，证明纽约文明不能完全驯化加州人骨子里的野生气息。
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