CORRECTION—This article has been updated to correct that preliminary results showed shareholders voted against Salesforce's proposal on executive pay.

Salesforce (CRM) shares surged Thursday as the maker of customer relationship management software held its annual shareholder meeting, with preliminary results showing investors voting to re-elect the board of directors and more.

Shares closed 4% higher at $252.85 Thursday, though despite the day's gains, they've lost close to 4% of their value since the start of the year amid 澳洲幸运5官方开奖结果体彩网:concerns about slowing growth.

Board Reelected, and CEO Marc Benioff's Pay Rejected

Preliminary results showed investors voted to re-elect the 澳洲幸运5官方开奖结果体彩网:board of directors, though they did not approve Salesforce's executive compensation plan, which has CEO Marc Benioff 澳洲幸运5官方开奖结果体彩网:earning $39.65 million in total compensat𒈔ion for fiscal 2024, a more than 32% jump from his pay in the 2023 fiscal year.

The Salesforce vote took place just weeks after Tesla (TSLA) shareholders approved CEO Elon Musk's nearly 澳洲幸运5官方开奖结果体彩网:$56 billion compensation package, which brought executive pay into focus.

Incentive Plan 🅺Extension and Liability Amendment Pass

Salesforce stockholders also voted to rꦏestate an amended equity incentive plan for employees that increases the number of shares reserved for issuance by 36 million shares and extends the plan term.

Investors approved an amendment to update liability exculpation for some officers in accordance with recent changes in law in Delaware, where Sale𒐪sforce is incorporated.

None of the proposals made by shareholders, including those from the National Legal and Policy Center, a conservative non-profit, and investor John Chevedden, passed, according to preliminary results announced during the meeting.