Ford shareholders keep Ford family voting power unchanged

Thu May 12, 2016 9:59am EDT
 
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(Reuters) - Shareholders of Ford Motor Co (F.N: Quote) rejected by 63.1 percent on Thursday a proposal to alter the voting power of the founding family of the company. The measure, which is a perennial at Ford annual meetings, received about as much support as it got last year.

The Ford family has 40 percent voting control of the company through special Class B shares. The vote was held at the company's annual meeting in Wilmington, Delaware.

(Reporting by Bernie Woodall Editing by W Simon)

 
A Ford logo is pictured at a store of the automaker, in Mexico City, Mexico, April 5, 2016.   REUTERS/Edgard Garrido/File Photo