Intel shareholders reject executive compensation plan: Filing

Chipmaker Intel Corp’s shareholders did not approve an executive compensation plan of its listed officers, according to a regulatory filing on Wednesday.

The decision, on a nonbinding advisory basis, was taken at the company’s annual stockholder meeting on May 13. (https://bit.ly/3tWxAJe)

In a statement, Intel said it “has a long-standing commitment to pay-for-performance, which holds executive officers accountable for business results and rewards them for consistently strong corporate performance and the creation of stockholder value … The board also finds it incredibly important to ensure that it has a meaningful dialogue with our investors throughout the year so it can get their feedback on important matters affecting Intel.”