XOM Jun 2025 85.000 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 2-Glass Lewis recommends votes against Exxon director Hooley, citing lawsuit
Glass Lewis recommended investors vote against Exxon's lead independent director, Joseph Hooley, citing what the proxy adviser called the energy company's "unusual and aggressive tactics" in pursuing a lawsuit against activist investors. While Glass Lewis recommended investors back Exxon Chairman and CEO Darren Woods and the company on all other matters up for a vote at its May 29 shareholder meeting, it said in a report late on Friday Hooley's role meant a vote against him would send a signal of strong dissatisfaction with the company's approach.
