Conagra Backs Executive Pay Plan
Conagra Brands shareholders approved proposed changes to the executive compensation program at the annual meeting. The vote came despite a proxy adviser urging opposition due to declining financial performance.
Insights:
Conagra Brands shareholders approved executive compensation changes on Wednesday afternoon in the United States, overriding proxy adviser opposition. The advisory vote backed CEO John Brase's pay package despite declining financial performance. The decision comes as the packaged food maker restructures following a weak profit outlook and a halved dividend.
