While the rancor appears to have softened a bit, General Electric shareholders are still signaling to the audit committee that they want a new auditor.
GE filed a Form 8-K with the Securities and Exchange Commission indicating 721 million shareholder votes, or 11.3 percent of the total votes cast, call on the audit committee to replace KPMG as the company’s independent auditor. More than 5 billion votes, or 88.3 percent, supported retaining KPMG while 23 million, or less than 1 percent, abstained.
