WSJ: Netflix Shareholders Vote Against Proposal To Split Chairman, CEO Roles

(RTTNews) - Netflix Inc. (NFLX) shareholders have voted against a nonbinding resolution to split up the company's chief executive and chairman positions, The Wall Street Journal reported Monday.

The resolution to create an independent chairman was defeated at the company's annual meeting, although a final vote tally was not yet available, the Journal said.

Netflix founder Reed Hastings has held both the CEO and chairman titles since the company went public in 2002.

Also at the annual meeting, Netflix shareholders re-elected Hastings and the two other directors who were up for re-election, according to the Journal.

Shareholders also approved a nonbinding proposal to require an investor vote if the company wants to adopt a shareholder rights plan.