Ford shareholders keep Ford family voting power unchanged

Thu May 12, 2016 9:59am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(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