XOM May 2024 115.000 put
- Reuters
UPDATE 1-Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley
The Illinois state treasurer has urged Exxon Mobil shareholders to vote against the election of Executive Chair and CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a filing showed on Monday. The treasurer has also recommended voting against Lead Independent Director Joseph Hooley during the company's annual shareholders meeting scheduled to take place on May 29. Exxon, which is frequently the focus of critical shareholder resolutions, struck back earlier this year when it filed a lawsuit seeking to block a vote on a climate proposal submitted by two small activist investors.
- Reuters
Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley
The treasurer has also recommended voting against Lead Independent Director Joseph Hooley during the company's annual shareholders meeting scheduled to take place on May 29. Exxon, which is frequently the focus of critical shareholder resolutions, struck back earlier this year when it filed a lawsuit seeking to block a vote on a climate proposal submitted by two small activist investors.
- Reuters
UPDATE 1-Glass Lewis recommends votes against Exxon director Hooley, citing lawsuit
Glass Lewis recommended investors vote against Exxon's lead independent director Joseph Hooley, citing concerns about what the proxy adviser called the energy company's "unusual and aggressive tactics" in pursuing a lawsuit against activist investors. In a report sent late on Friday, Glass Lewis also recommended investors cast votes for Exxon Chairman and CEO Darren Woods, and backed the company on all other matters up for a vote at its May 29 shareholder meeting.
