Icahn wins partial victory in proxy fight with Illumina, secures board seat for nominee

Carl Icahn was poised to win enough shareholder support to install at least one of his nominees to Illumina’s board.
Icahn’s nominee Andrew Teno won enough shareholder votes for election and will take the seat of board Chairman John Thompson.
Icahn failed to oust Illumina CEO Francis deSouza from the board.
The proxy fight was a test of new SEC rules making it easier for shareholders to vote for competing board candidates.
Illumina shareholders also voted against the pay of top executives in a rebuke to company leadership.