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TSLA Tesla Inc

175.05
-4.78 (-2.66%)
29 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tesla Inc NASDAQ:TSLA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.78 -2.66% 175.05 175.02 175.26 179.57 175.30 177.45 77,677,184 00:00:00

Tesla, Arthur Levitt Issue Proposals on Board Size as Meeting Scheduled for Oct. 7

13/08/2021 10:59pm

Dow Jones News


Tesla (NASDAQ:TSLA)
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By Josh Beckerman

 

Tesla Inc. is proposing reducing the number of board classes from three to two, resulting in director terms being reduced from three years to two.

Meanwhile, Arthur Levitt, former chairman of the Securities and Exchange Commission, is calling for annual election of directors, saying it would make directors more accountable. In response to Mr. Levitt's stockholder proposal, Tesla said that with annual elections, "opportunistic short-term interests could quickly and significantly alter the makeup and continuity of the Board."

Tesla said its annual meeting will take place Oct. 7 at its Fremont factory in California.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

August 13, 2021 17:44 ET (21:44 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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