Shareholders Reject Gen Digital's Executive Pay Plan in Advisory Vote
GEN sits 70% above its 52-week low of $17.78.
Summary
Gen Digital shareholders rejected the company's executive compensation plan in a non-binding advisory vote, with 59% of votes cast against it. All nine director nominees were elected and KPMG was ratified as auditor.
Key Events · Corporate Governance and Compliance · GEN
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Say-on-Pay Proposal Rejected
Proposal 3 failed with 307,097,626 votes against versus 209,903,985 in favor — a 59% opposition rate on executive compensation.
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All Nine Directors Elected
Every nominee was elected, though Eric K. Brandt (57.4M against) and Nora M. Denzel (61.8M against) faced notable opposition after proxy advisor criticism.
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KPMG Ratified as Auditor
Shareholders approved KPMG LLP as independent auditor for FY2027 with 513,465,792 votes for and 32,131,523 against.
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Company to Engage on Pay
Gen Digital stated it will 'meaningfully engage with stockholders' and evaluate feedback on future compensation decisions following the failed vote.
Analysis · GEN · Technology
At the September 9 annual meeting, Gen Digital's say-on-pay proposal failed decisively, with 307.1 million votes against versus 209.9 million in favor. This clear shareholder rebuke of executive compensation follows proxy advisors' earlier concerns about two director nominees. While non-binding, a failed say-on-pay vote at a company of this size signals meaningful investor dissatisfaction with pay practices and will likely force the compensation committee to revisit its approach. All nine directors were nonetheless elected, including Eric Brandt and Nora Denzel, who faced the most opposition.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GEN was trading at $30.26 on NASDAQ in the Technology sector, with a market capitalization of approximately $18.1B. The 52-week trading range was $17.78 to $31.65. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.