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Dell shareholders approve legal move from Delaware to Texas
Fox Business • • business
Key Points:
- Dell Technologies shareholders overwhelmingly approved the company's plan to change its state of incorporation from Delaware to Texas, with 97% voting in favor.
- CEO Michael Dell emphasized Texas as the company's true home, citing the state's talent, universities, and business environment as key factors in the decision.
- The move will shift legal jurisdiction for shareholder disputes from Delaware courts to Texas courts, which are considered more business-friendly.
- Tesla CEO Elon Musk, who previously moved Tesla's incorporation to Texas for similar reasons, publicly supported Dell's decision on social media.
- Dell Technologies has deep roots in Texas, having been founded there in 1984 and maintaining its corporate headquarters and major operations in the Austin area.
