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QUIZ: The shirt proxy vote at O’Reilly’s, Alex Karp’s elite board, Crowdstrike’s equity award, Target’s CEO search
Description
CASEY'S GENERAL STORES, INC.
At last year’s annual meeting in August, shareholders were asked YES or NO on CEO Darren Robelez’s pay plan. To help them make a decision on the pay practices they had information like the ratio of the annual total compensation of Casey’s General Stores CEO to that of its median employee for the 2024 fiscal year, commonly known as the CEO Pay Ratio. Let’s begin the quiz there:
According to the company’s SEC filing, at what point in the fiscal year 2024 did CEO Darren earn the compensation of his company’s median employee?
12:35:33 PM on January 1st, the first day of the work year, meaning his pay CEO pay ratio was 579:1
Additionally, the CEO’s target equity award was $6.7M. In the worst case scenario where every single peer company outperformed Casey’s General Stores in terms of total shareholder return, how much equity could the CEO receive?
$5,025,000, reflecting a TSR Modifier of -25%.
Accordingly, based in part on the information you have just learned, what percentage of Casey’s shareholders voted against his pay practices?
2%
Bonus question: According to the company’s 2025 SEC filing, at what point in the fiscal year 2025 did CEO Darren earn the compensation of his company’s median employee? Remember, it was 12:35:33 PM on January 1st, the first day of the work year.
12:32:05 PM on January 1st, the first day of the work year: 3 minutes and 28 seconds earlier.
AGM: 9/3/2025
589:1 CEO pay ratio CEO Darren Robelez 98% YES
Pay committee: *Former BJ’s Restaurants CEO Gregory Trojan, Oobli CEO Allison Wing
2024 AGM
99.1% YES average
33% Influence CEO/Chair: 20% YES SHP independent board chair policy
-13% gender influence gap: Darren M. Rebelez (33%) & Gregory A. Trojan (14%)
CROWDSTRIKE HOLDINGS, INC.
A recent Fortune article called Laying off workers because of AI is more of a fashionable excuse than a real business imperative cites CrowdStrike CEO George Kurtz linking 5% job cuts to the cybersecurity company’s need to double down on AI investments to “accelerate execution and efficiency.” Kurtz said: “AI flattens our hiring curve, and helps us innovate from idea to product faster.”
First question, are CrowdStrike shareholders also given