Intuit Stockholders Re-Elect Directors, Back Say-on-Pay; DEI ROI Proposal Fails at AGM

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Intuit (NASDAQ:INTU) held its 2026 Annual Stockholders’ Meeting successful a virtual format, wherever stockholders voted connected 4 proposals and heard concern updates from CEO and President Sasan Goodarzi and CFO Sandeep Aujla. General Counsel and Corporate Secretary Kerry McLean conducted the ceremonial information of the gathering and noted that Ernst & Young and Broadridge representatives were present, with Broadridge serving arsenic inspector of elections.

Stockholders voted connected 3 absorption proposals and 1 stockholder proposal. Management proposals included the predetermination of 11 directors, an advisory ballot connected enforcement compensation (say-on-pay), and ratification of Ernst & Young arsenic Intuit’s autarkic registered nationalist accounting steadfast for fiscal 2026.

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McLean said that, based connected preliminary results, stockholders:

• Elected the 11 manager nominees listed successful the proxy statement

• Approved the advisory say-on-pay proposal

• Ratified Ernst & Young for fiscal 2026

• Did not o.k. the stockholder proposal

The institution said it expects to people last ballot totals successful a Form 8-K wrong 4 concern days.

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The gathering included a stockholder connection (proposal four) sponsored by Stefan Padfield of the National Center for Public Policy Research’s Free Enterprise Project. Padfield said the connection requested a study assessing the instrumentality connected concern (ROI) of Intuit’s diverseness and inclusion programs. He argued that stockholders should beryllium capable to measure whether firm expenditures connected specified initiatives make worth and asserted that voting outcomes whitethorn not afloat bespeak the views of beneficial owners owed to intermediaries specified arsenic ample plus managers and proxy advisors. He besides criticized the company’s absorption connection for not addressing ROI directly.

McLean reiterated that the committee recommended stockholders ballot against connection four.

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In his concern update, Goodarzi said Intuit serves consumers, tiny businesses, and mid-market businesses, and described 2 lawsuit result goals: doubling the household savings complaint for consumers connected its level and doubling gross and nett maturation rates for businesses implicit a three-year period. He said Intuit is moving to make a “system of intelligence” designed to bash enactment for customers “from pb to cash” and “from recognition to wealth,” combining data, artificial intelligence, and quality intelligence.