EX-99.1 11 d55156exv99w1.htm ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS exv99w1
 

Exhibit 99.1
Submission of Matters to a Vote of Security Holders
 
The annual meeting of Dell’s stockholders was held on December 4, 2007. At that meeting, the following five proposals were submitted to a vote of Dell’s stockholders:
 
(1)  Proposal 1 (Election of Directors) — A proposal for the election of the persons who will serve as Dell’s directors until next year’s annual meeting.
 
(2)  Proposal 2 (Ratification of Independent Auditor) — A proposal for the ratification of the Audit Committee’s selection of PricewaterhouseCoopers LLP as Dell’s independent auditor for Fiscal 2008.
 
(3)  Proposal 3 (Approval of the Amended and Restated 2002 Long-Term Incentive Plan) — A proposal for the approval of the Amended and Restated 2002 Long-Term Incentive Plan.
 
(4)  Stockholder Proposal 1 (Executive Stock Ownership Guidelines) — A proposal regarding the adoption of a stock ownership requirement for executive officers.
 
(5)  Stockholder Proposal 2 (Declaration of Dividend) — A proposal regarding the declaration of a dividend.
 
At the close of business on the record date for the meeting (which was October 26, 2007), there were 2,235,845,755 shares of common stock outstanding and entitled to be voted at the meeting. Holders of 1,992,833,843 shares of common stock (representing a like number of votes) were present at the meeting, either in person or by proxy. The following table sets forth the results of the voting:
 
                         
Proposal
  For     Withheld  
 
  1.     Election of Directors:                
        Donald J. Carty     1,842,671,507       150,162,337  
        Michael S. Dell     1,946,689,752       46,144,091  
        William H. Gray, III     1,840,839,584       151,994,260  
        Sallie L. Krawcheck     1,953,903,925       38,929,919  
        Alan (A.G.) Lafley     1,889,157,561       103,676,283  
        Judy C. Lewent     1,893,116,243       99,717,600  
        Thomas W. Luce, III     1,716,997,296       275,836,548  
        Klaus S. Luft     1,885,666,266       107,167,577  
        Alex J. Mandl     1,903,646,695       89,187,149  
        Michael A. Miles     1,867,619,136       125,214,708  
        Sam Nunn     1,836,509,554       156,324,290  
 
                                 
                      Broker
 		 
    For     Against     Abstain     Non-Votes  
 
2. Ratification of Independent Auditor
    1,857,638,826       121,077,627       14,117,387          
3. Approval of the Amended and Restated 2002 Long-Term Incentive Plan
    1,536,953,916       130,605,368       18,068,291       307,206,268  
4. Stockholder Proposal 1 (Executive Stock Ownership Guidelines)
    482,602,090       1,186,755,213       16,307,630       307,168,910  
5. Stockholder Proposal 2 (Declaration of Dividend)
    105,972,999       1,552,367,241       27,324,695       307,168,908  
 
Proposal 1 (Election of Directors), Proposal 2 (Ratification of Independent Auditors) and Proposal 3 (Approval of the Amended and Restated 2002 Long-Term Incentive Plan) each received more than the number of favorable votes required for approval and were therefore duly and validly approved by the stockholders. Stockholder Proposal 1 (Executive Stock Ownership Guidelines) and Stockholder Proposal 2 (Declaration of Dividend) each failed to receive a sufficient number of favorable votes and, therefore, were not approved.