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Tesla to ask shareholders to reinstate $55 billion pay package for Musk rejected by Delaware judge [Financial Post (Toronto, Ontario, Canada)]

Tesla, Inc. (TSLA)  More Company Research Source: Financial Post
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
AUSTIN, Texas (AP) — Tesla will ask shareholders to reinstate a $55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric car maker'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. Article content Article content 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. Five years ago, a Tesla shareholder lawsuit alleged that the pay package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him. Musk said a month after the judge's ruling that he would try to move Tesla's corporate listing to Texas, where he has already moved company h [Read more]
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Stockreport

Tesla to ask shareholders to reinstate $55 billion pay package for Musk rejected by Delaware judge [Financial Post (Toronto, Ontario, Canada)]

Tesla, Inc.  (TSLA) 
More Company Research Source: Financial Post
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
AUSTIN, Texas (AP) — Tesla will ask shareholders to reinstate a $55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric car maker'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. Article content Article content 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. Five years ago, a Tesla shareholder lawsuit alleged that the pay package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him. Musk said a month after the judge's ruling that he would try to move Tesla's corporate listing to Texas, where he has already moved company h [Read more]
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TSLA
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS