• Intel shareholders approved a new equity incentive plan and $42 million compensation for CEO Lip-Bu Tan.
• Approval comes amid restructuring efforts following the ousting of former CEO Pat Gelsinger.
• Shareholders rejected three proposals to reassess operations in Israel and increase reporting transparency.

Intel shareholders recently approved a measure to enhance share reserves, aimed at attracting and retaining top talent alongside a compensation package for newly appointed CEO Lip-Bu Tan, who will receive stock awards potentially worth $42 million based on performance. This meeting was notably the first for Tan, who succeeded former CEO Pat Gelsinger in March, following a loss of confidence in Gelsinger's strategies, particularly his turnaround plans, according to Channel News Asia and Reuters.

The company has initiated significant restructuring under Tan's leadership, focusing on cutting middle management layers and enhancing its artificial intelligence strategies. Observers note that this demonstrates investor confidence in Tan's leadership style as he aims to leverage Intel's market shares in personal computing and data centers for stronger product offerings, as highlighted by India Times.

Additionally, during the shareholders meeting, three proposals were rejected. These included requests for Intel to reassess its operations in Israel, produce more transparency in charitable contributions, and grant shareholders greater consent rights. The rejection of these proposals underscores the focus on internal restructuring and core business performance at this pivotal time for the company, according to Channel News Asia, Reuters, and India Times.