Adobe Shareholders Approve Equity Plan Expansion and Bylaw Amendments

April 22, 2025 – San Jose, CA – At its 2025 Annual Meeting, Adobe Inc. (NASDAQ: ADBE) shareholders approved an amendment to the 2019 Equity Incentive Plan, adding 7 million shares to the reserve. The company also adopted updated bylaws addressing SEC proxy rules and shareholder nomination procedures.

All 11 board nominees were re-elected. Shareholders also ratified KPMG LLP as auditor and approved executive compensation. A shareholder proposal on golden parachutes was rejected.

The bylaw changes revise proxy solicitation rules, require non-white proxy cards for stockholder solicitations, and update proposal deadlines for the 2026 meeting.