Stockholders Approve 24 Million Share Increase for Long-Term Incentive Plan

summarizeSummary

Qualcomm's stockholders approved an amendment to its long-term incentive plan, increasing the share reserve by 24 million shares, which represents significant potential future dilution.

check_boxKey Events

• Long-Term Incentive Plan Share Reserve Increased

  Stockholders approved an amendment to the 2023 Long-Term Incentive Plan, increasing the share reserve by 24,000,000 shares. If all authorized shares were issued, dilution would be approximately 2.73% based on current outstanding shares.

• Directors Re-elected

  All 11 nominated directors were re-elected to the Board of Directors.

• Auditors Ratified

  The selection of PricewaterhouseCoopers LLP as the independent public accountants for the fiscal year ending September 27, 2026, was ratified.

• Executive Compensation Approved

  Stockholders approved, on an advisory basis, the compensation of the named executive officers.

auto_awesomeAnalysis

Qualcomm's stockholders approved an amendment to its 2023 Long-Term Incentive Plan, increasing the share reserve by 24 million shares. This authorization allows the company to issue additional equity awards to employees, which, if fully utilized, would result in approximately 2.73% dilution based on current outstanding shares. While common for employee compensation, this represents a substantial potential increase in share count. Other proposals, including the election of directors, ratification of auditors, and advisory votes on executive compensation, were approved as routine matters. Two shareholder proposals, one regarding the ability to call special meetings and another on China exposure risk, were not approved.