Dialogue with HP Investors
Fiscal 2020 and 2021 Engagement
In fiscal 2020, we conducted our annual director stockholder outreach program in the early part of the calendar year. Through this program, we met or spoke with institutional investors representing approximately 30% of our outstanding stock during fiscal 2020 as well as with proxy advisor firms. To date in fiscal 2021, we have conducted our annual director stockholder outreach regarding our governance profile. Through this program, we met or spoke with institutional investors representing approximately 30% of our outstanding stock as of December 31, 2020, as well as proxy advisor firms. This most recent engagement confirmed that many of our stockholders continue to be satisfied with our corporate governance profile, which includes a stockholder right to call a special meeting at a 15% threshold (lowered from 25% following our previous stockholder outreach), proxy access, annual election of directors, a majority voting standard in uncontested director elections, and independent board leadership.
Our Investor Calendar
We believe that effective corporate governance should include regular constructive conversations with our stockholders. Over the past year, the Board has continued to engage with stockholders, including seeking and encouraging feedback from stockholders about our corporate governance practices by conducting stockholder outreach and engagement throughout the year. Our Executive Leadership Team, Chairman of the Board, Chair of the HRC and other directors participate in investor and customer events, including our annual corporate governance investor outreach cycle, highlights of which are outlined below.