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2003 Annual Meeting of Stockholders
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Below are the voting results of the 2003 Annual Meeting of Stockholders. For more detailed information about each proposal, see the company proxy statement.
Quorum
There were 6,536,879,169 shares outstanding and entitled to vote as of the March 24, 2003 record date. Of this total, 5,616,137,729 shares (85.91% of the shares outstanding) have voted either in person or by proxy.
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Election of directors. (Proposal 1)
Election of all nominees listed below to the Board of Directors.
| Director |
Votes For |
% of Votes Cast
on Proposal |
Votes Withheld |
% of Votes Cast
on Proposal |
| Craig R.Barrett |
5,490,799,060 |
97.77% |
125,338,669 |
2.23% |
| John Browne |
5,461,179,048 |
97.24% |
154,958,681 |
2.76% |
| Winston H.Chen |
5,463,995,977 |
97.29% |
152,141,752 |
2.71% |
| Andrew S.Grove |
5,528,110,572 |
98.43% |
88,027,157 |
1.57% |
| D.James Guzy |
5,458,765,404 |
97.20% |
157,372,325 |
2.80% |
| Reed E. Hundt |
5,525,129,508 |
98.38% |
91,008,221 |
1.62% |
| Paul S Otellini |
5,526,773,535 |
98.41% |
89,364,194 |
1.59% |
| David S.Pottruck |
5,490,113,294 |
97.76% |
126,024,435 |
2.24% |
| Jane E.Shaw |
5,462,907,024 |
97.27% |
153,230,705 |
2.73% |
| David B.Yoffie |
5,526,868,167 |
98.41% |
89,269,562 |
1.59% |
| Charles E.Young |
5,522,421,032 |
98.33% |
93,716,697 |
1.67% |
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Expense Stock Options. (Proposal 2)
Stockholder Proposal requesting the expensing of Stock Options.
| Shares For |
% of Votes Cast on Proposal** |
Shares Against |
% of Votes Cast on Proposal** |
Shares Abstaining* |
% of Votes Cast on Proposal |
| 1,875,086,845 |
47.55% |
1,913,677,878 |
48.53% |
154,355,059 |
3.92% |
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| * |
Pursuant to Section 216 of the Delaware General Corporation Law, the affirmative vote of the majority of the votes cast is required to pass this resolution.
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| ** |
A total of 3,943,119,782 votes were cast on this proposal , aggregating 60.32% of total shares outstanding. This is 1,673,017,947 fewer shares voted on this proposal than the 5,616,137,729 shares (85.91% of total shares outstanding) voted in the election of directors. The 1,673,017,947 shares are known as "broker non-votes", meaning that brokerage firm customers did not instruct their brokers on how to vote those shares on Proposal 2 and under stock exchange rules the brokers did not have the discretionary authority to vote the shares themselves.
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