Overview

• At the June 5 annual meeting Hoag received 71.4 million votes for and nearly 260 million against his re-election, securing just 21.6% support.
• ISS advised shareholders to vote against Hoag because he attended only half of Netflix’s board and committee meetings in 2024, below its 75% benchmark.
• Hoag’s prior five-year attendance averaged 97% and he has logged 100% attendance so far in 2025, suggesting last year was an outlier.
• A founding partner at Technology Crossover Ventures, Hoag has served on Netflix’s board since 1999 as lead independent director and governance committee chair.
• Per company policy Hoag tendered his resignation on June 5 and the full board will meet within 90 days to accept or reject it and disclose its decision.