Visa 2007 Annual Report Download - page 70
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Table of Contents
ITEM 4. Submission of Matters to a Vote of Security Holders
On September 14, 2007, we mailed a proxy statement-prospectus to eligible members of Visa U.S.A., Visa International and Visa Canada soliciting
approval and adoption of our Global Restructuring Agreement and the Visa Inc. 2007 Equity Incentive Compensation Plan. In lieu of a special meeting of
Visa U.S.A. or Visa International, action on the reorganization and equity incentive plan proposal was taken by written consent of the respective members of
each entity. Members of Visa U.S.A. and Visa International on the record dates set for Visa U.S.A. and Visa International, August 23, 2007 and June 30,
2007, respectively, were entitled to consent to the reorganization proposal and execute proxies to approve the equity incentive plan proposal. Visa Canada
held a meeting of its members on September 24, 2007. The requisite approval of the members of Visa U.S.A., Visa International and Visa Canada was
received to effectuate our reorganization and adopt the Visa Inc. 2007 Equity Incentive Compensation Plan. The voting results for the proposals related to the
approval and adoption of the Global Restructuring Agreement and approval of the Visa Inc. 2007 Equity Incentive Compensation Plan are set forth below.
Voting for the Global Restructuring Agreement is presented on an entity-by-entity basis. Voting for the Visa Inc. 2007 Equity Incentive Compensation Plan is
presented on a combined basis for the members of Visa U.S.A., Visa International and Visa Canada because approval of this proposal required the affirmative
vote of members that, assuming the completion of the reorganization, would represent a majority of the outstanding shares of common stock of Visa Inc.
immediately after the closing of the reorganization:
Proposal No. 1: Approval of the Global Restructuring Agreement
Visa U.S.A.
Consent Dissent Abstain No Response
96,571,127 70,856 79,775 3,278,241
Visa International
Consent Dissent Abstain No Response
4,377,716,658 0 1,607,216 167,577,020
Visa Canada
For Against Abstain
146,736,765 0 0
Proposal No. 2: Approval of the Visa Inc. 2007 Equity Incentive Compensation Plan
Consent Dissent Abstain No Response
663,200,214 4,223,258 20,457,282 59,295,294
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