Micron Technology MU
Micron's January 16, 2025 meeting votes on eight directors, pay, a 2025 equity plan and the auditor
Annual meeting Jan 16, 2025Filed Nov 26, 2024Original
A proxy statement (DEF 14A) is what a US listed company sends holders before its annual meeting: the proposals, the board's position on each, and the officers' pay.
What was Micron Technology's chief executive paid?
Pay versus performance table · 4 fiscal years
Sanjay Mehrotra · fiscal 2024 total pay
$30.1M
Compensation actually paid $72.8M
$100 put in on Sep 4, 2020 was worth $210.22 on Aug 29, 2024 · peer group $225.10
| Fiscal year | Total pay | Actually paid |
|---|---|---|
| 2021 | $25.3M | $68M |
| 2022 | $28.8M | $13.5M |
| 2023 | $25.3M | $42.5M |
| 2024 | $30.1M | $72.8M |
Fiscal 2024 (ended Aug 29, 2024) · filed Nov 26, 2024Whalegun
What holders vote on
- 1Election of eight directorsDirectorsBoard: for
- 2Non-binding vote to approve named executive officer compensationExecutive payBoard: for
- 3Approval of the 2025 Equity Incentive PlanStock planBoard: for
- 4Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firmAuditorBoard: for
What the statement says
- All eight nominees are current directors, including CEO Sanjay Mehrotra and Robert Swan.
- Robert Swan is an Operating Partner at Andreessen Horowitz and a former CEO and CFO of Intel.
- The Board supports approving the 2025 Equity Incentive Plan.
- PricewaterhouseCoopers LLP would be the auditor for fiscal 2025, ending August 28, 2025.
Pay and what holders earned
Total pay is the summary compensation table's total; compensation actually paid adds the change in value of the awards over the year, so it moves with the share price.
| Fiscal year | Chief executive | Total pay | Actually paid | Other officers' average | Value of $100 | Peer group | Net income |
|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | Sanjay Mehrotra | $30.1M | $72.8M | $10.8M | $210.22 | $225.10 | $778M |
| Aug 31, 2023 | Sanjay Mehrotra | $25.3M | $42.5M | $8.4M | $153.10 | $164.30 | −$5.8B |
| Sep 1, 2022 | Sanjay Mehrotra | $28.8M | $13.5M | $10.4M | $124.42 | $117.53 | $8.7B |
| Sep 2, 2021 | Sanjay Mehrotra | $25.3M | $68M | $7.7M | $159.70 | $152.68 | $5.9B |
The $100 is invested on Sep 4, 2020.
The company's own statement, put into Korean. The numbers are the statement's.