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Mapping Tesla's Road From Delaware to Texas and Big Musk Payday [BNN Bloomberg (Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
ago — and that Delaware's top business law judge shot down in January as excessive. In a proxy filing, Tesla Inc. calls for the compensation plan to be ratified all over again, despite the judge's decision, and also asks investors to shun Delaware and vote for Tesla to reincorporate in Texas. A special committee the company formed this year urged that the two matters be voted on together so the Texas move wouldn't be seen as a way to grant Musk a pay deal he couldn't get in Delaware. Read More: Tesla Asks Investors to Approve Musk's $56 Billion Pay Again The carmaker will convene its annual meeting on June 13, and investors will have their say on both proposals. What are the legal ramifications? Here are some answers. What's next in the Delaware case? The judge scheduled a July 8 hearing to decide whether lawyers for the Tesla shareholder who brought the case should get $6 billion in Tesla stock as a legal fee for their successful challenge to Musk's compensation plan. Onc
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