ADBE · Adobe Inc.

At the 2026 Annual Meeting held on April 15, stockholders voted to approve key management proposals while rejecting four shareholder-sponsored initiatives. All eleven director nominees were elected to one-year terms, though Daniel Rosensweig received notably higher opposition with 90.6 million votes against compared to other nominees. The advisory vote on executive compensation passed with a narrow margin of approximately 148.8 million votes for versus 145.0 million against. Stockholders approved an increase of 12 million shares to the 2019 Equity Incentive Plan reserve, supporting the company's ability to continue granting equity awards to attract and retain talent. Concurrently, the Board authorized a substantial new $25 billion stock repurchase program extending through April 30, 2030. Management characterized this authorization as a signal of confidence in the company's robust cash flow and long-term value creation strategy. The program allows for repurchases via open market operations and structured agreements, aiming to return capital to shareholders and offset dilution from stock issuances. All four shareholder proposals concerning golden parachutes, board matrix disclosure, civil liberties reporting, and retirement plan climate risk were rejected by significant margins.