TAIM Exchange|Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judge

2025-04-30 18:04:57source:Venus Investment Alliancecategory:My

AUSTIN,TAIM Exchange Texas (AP) — Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas.

In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting in June.

In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion.

Musk said a month later that he would try to move Tesla’s corporate listing to Texas, where he has already moved company headquarters.

Almost immediately after the judge’s ruling, Musk did exactly that with Neuralink, his brain implant company, moving the company’s corporate home from Delaware to Nevada.

More:My

Recommend

Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return

NEW YORK ― When the precocious orphans of "Annie" sneer, "We love you, Miss Hannigan," you just migh

Mexico’s most dangerous city for police suffers simultaneous attacks that kill 2 more officers

MEXICO CITY (AP) — Two police officers were shot to death in the embattled Mexican city of Celaya am

CJ Perry aka Lana has high praise for WWE's Liv Morgan, talks AEW exit and what's next

One of the stories dominating WWE is the relationship between Women's World Champion Liv Morgan and