HP Announces Additional Results of Annual Shareowner Meeting
PALO ALTO, Calif., April 4, 2003
HP (NYSE:HPQ) today announced that shareowners narrowly approved a proposal urging the HP board to seek shareowner approval for future severance agreements that provide benefits to senior executives in an amount exceeding 2.99 times the sum of the executive's base salary plus bonus. The board will duly consider the recommendation.
HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its acquisition of Compaq Computer Corporation on May 3, 2002. More information about HP is available at http://www.hp.com.