Snowflake Shareholders Vote Against Executive Pay, Approve Majority Vote Director Proposal

Snowflake announced the results of its 2026 Annual Meeting, where stockholders voted against the company's executive compensation plan on a non-binding advisory basis and approved a stockholder proposal for a majority voting standard in director elections.

Key Details

• Executive Pay Rejected: Shareholders did not approve the 'say-on-pay' proposal, with 124.5 million votes cast against the compensation of named executive officers, compared to 96.3 million votes for.
• Majority Vote Proposal Approved: A non-binding stockholder proposal requesting the company adopt a majority vote standard for uncontested director elections was approved, with 143.1 million votes in favor.
• Other Items: Stockholders elected three Class III directors—Teresa Briggs, Mark D. McLaughlin, and Sridhar Ramaswamy—and ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2027.