Toshiba corrects AGM results, support rate for CEO revised to 57.20%

December 18, 2020

TOKYO (Reuters) – Toshiba Corp on Friday revised the support rate for the reelection of Chief Executive Officer Nobuaki Kurumatani at its shareholder meeting in July to 57.20% from 57.96%.

The Japanese firm corrected the voting results after finding over 1,000 postal voting forms went uncounted due to inappropriate vote-counting practices by its shareholder registry administrator Sumitomo Mitsui Trust Bank.

Toshiba also said 44.21% of its shareholders backed an activist fund’s proposal to elect its co-founder as board director, up from the original 43.43%.

(Reporting by Makiko Yamazaki; Editing by Chris Reese)

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