June 9, 2014 / 9:49 PM / 3 years ago

Netflix investors reject proposal to split chair, CEO roles

(Reuters) - Shareholders of video streaming service Netflix Inc on Monday voted against a non-binding investor proposal to split the roles of chairman and chief executive officer, the jobs held by co-founder Reed Hastings, according to preliminary vote tallies released by the company.

The Netflix logo is is shown on an ipad in Encinitas, California, April 19,2013. REUTERS/Mike Blake

Investors rejected the motion to separate the roles, with 53 percent opposing the idea and 47 percent supporting it, a Netflix spokesman said. Hastings won re-election to the board with 74 percent of votes in his favor.

Reporting by Lisa Richwine in Los Angeles; Editing by Lisa Shumaker

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