Salesforce Stock Gains as CRM Software Giant Holds Its Annual Shareholder Meeting [Video]

Salesforce (CRM) shares surged Thursday as the maker of customer relationship management software held its annual shareholder meeting, with investors voting to approve executive pay 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.

Investors voted in favor of all proposals made by the company, including the reelection of the board of directors.

Shareholders approved Salesforce’s executive compensation plan, which has CEO Marc Benioff earning $39.65 million in total compensation for fiscal 2024, a more than 32% jump from his pay in the 2023 fiscal year.

Salesforce stockholders also voted to restate 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 …