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Cheniere: Stockholders’ Vote On Share Award Was Valid

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July 16, 2014

Cheniere Energy Inc. (NYSE MKT: LNG) contends a stockholder vote approving a share grant to CEO Charif Souki, the United States’ highest-paid executive, was properly tabulated and isn’t subject to a legal challenge by investors, Bloomberg reported July 15.

Officials of Cheniere, a Houston-based natural gas exporter, set up the 2013 proxy vote on changes to the company’s executive compensation plan under New York Stock Exchange (NYSE) rules, which don’t count abstentions as negative ballots, the company’s lawyers said in a court filing. Four Cheniere stockholders sued over the balloting, ...

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