Exxon Meeting Halts With Late Votes Being Tallied Amid Feud
- Engine No. 1 has four nominees for the oil company’s board
- Activist: Exxon is making ‘last-ditch attempt’ to avoid defeat
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Exxon Mobil Corp. halted its annual shareholders meeting Wednesday to give the company more time to count the votes, indicating a proxy fight with an activist investor is finely poised.
“Given there are considerable number of votes still coming in and we want to ensure all of our shareholders have the opportunity to express their views, we will now take a one hour recess,” Stephen Littleton, head of investor relations, said during the virtual meeting.