$AVGO·8-K

Broadcom Inc. · Apr 21, 4:37 PM ET

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Broadcom Inc. 8-K

Research Summary

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Updated

Broadcom Inc. Reports 2026 Annual Meeting Voting Results

What Happened
Broadcom Inc. held its 2026 Annual Meeting of Stockholders on April 20, 2026 and filed an 8‑K on April 21, 2026 reporting the vote results. Eight director nominees were elected to serve until the next annual meeting. Ratification of PricewaterhouseCoopers LLP as Broadcom’s independent auditor for the fiscal year ending November 1, 2026 was approved. An advisory (non‑binding) vote to approve executive compensation (say‑on‑pay) was also approved.

Key Details

  • Meeting date: April 20, 2026 (8‑K filed April 21, 2026).
  • Director elections (For / Against / Abstain; broker non‑votes = 420,714,385 for each director):
    • Diane M. Bryant: 3,434,586,458 For / 233,205,703 Against / 16,108,424 Abstain.
    • Gayla J. Delly: 3,600,076,857 For / 67,261,984 Against / 16,561,744 Abstain.
    • Kenneth Y. Hao: 3,657,934,976 For / 9,766,638 Against / 16,198,971 Abstain.
    • Check Kian Low: 3,379,309,285 For / 288,009,840 Against / 16,581,460 Abstain.
    • Justine F. Page: 3,657,141,292 For / 10,629,413 Against / 16,129,880 Abstain.
    • Henry Samueli, Ph.D.: 3,595,771,140 For / 69,801,029 Against / 18,328,416 Abstain.
    • Hock E. Tan: 3,657,283,597 For / 10,963,355 Against / 15,653,633 Abstain.
    • Harry L. You: 2,713,064,484 For / 954,686,330 Against / 16,149,771 Abstain.
  • Auditor ratification: PwC approved 4,007,802,173 For / 81,424,831 Against / 15,387,966 Abstain.
  • Say‑on‑pay (advisory): Approved with 2,433,503,375 For / 1,232,879,962 Against / 17,517,248 Abstain; roughly 33.5% of votes cast were Against.

Why It Matters

  • Board control confirmed: All eight nominees were elected, so Broadcom’s board composition is intact going into the next year. However, the large dissent for director Harry L. You (about 25% of total outstanding votes cast excluding broker non‑votes) and notable opposition to Check Kian Low signal meaningful shareholder concern on specific director(s).
  • Pay and governance signals: The say‑on‑pay passed but with substantial opposition (~33.5% Against among votes cast), which investors and management may treat as a governance signal prompting investor outreach or disclosure changes.
  • Auditor ratification routine: Shareholders overwhelmingly ratified PwC as Broadcom’s auditor for fiscal 2026, so no change to the independent audit firm was indicated.

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