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Zoetis Inc. (NYSE:ZTS) held its annual meeting of shareholders on Wednesday, according to a statement based on a recent SEC filing. The meeting comes as the stock trades at $80.07, down nearly 50% over the past year, though InvestingPro analysis suggests the company appears undervalued at current levels based on its Fair Value assessment. At the meeting, shareholders voted on five proposals, including the election of directors, executive compensation, and other corporate matters.
Twelve directors were elected to serve one-year terms until the 2027 annual meeting. The elected directors are Paul M. Bisaro, Vanessa Broadhurst, Frank A. D’Amelio, Gavin D.K. Hattersley, Sanjay Khosla, Antoinette R. Leatherberry, Michael B. McCallister, Gregory Norden, Kristin C. Peck, Willie M. Reed, Mark Stetter, and Stephanie Tilenius. Each nominee received a majority of votes cast in favor.
Shareholders approved, on a non-binding advisory basis, the compensation program for the company’s named executive officers, with 306,328,992 votes for and 51,638,692 votes against. They also voted to continue holding an annual advisory vote on executive compensation, with 353,402,319 votes supporting an annual frequency.
The appointment of KPMG LLP as Zoetis’s independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified by shareholders, receiving 367,031,759 votes for and 11,450,123 votes against.
A shareholder proposal to permit shareholder action by written consent did not pass, with 167,308,882 votes for and 190,220,865 votes against.
The company also reported that Louise M. Parent retired from the board of directors before the annual meeting in accordance with Zoetis’s director retirement policy.
A total of 379,034,516 shares were present at the meeting in person or by proxy, representing 90.13% of the voting power entitled to vote.
All information in this article is based on a statement from Zoetis’s recent SEC filing.
In other recent news, Zoetis Inc. reported its financial results for the first quarter of 2026, revealing revenue that aligned with forecasts at $2.3 billion. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $1.53 compared to the projected $1.62, resulting in a negative surprise of 5.56%. Additionally, Zoetis announced a quarterly dividend of $0.53 per share for the third quarter, payable on September 1, 2026, to shareholders of record as of July 20, 2026. Investor Michael Burry, known for his role in "The Big Short," has increased his position in Zoetis, describing it as a "fat pitch" that requires patience. Burry also added to his holdings in companies like MercadoLibre, Adobe, PayPal, and Lululemon Athletica. He expressed concerns about the current artificial intelligence boom, likening it to market distortions seen during the dot-com era. These developments highlight the diverse factors influencing Zoetis and other companies in the current market landscape.
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