HPQ » Topics » SUPPLEMENT TO PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS To Be Held on March 18, 2009
This excerpt taken from the HPQ DEFA14A filed Mar 2, 2009.
SUPPLEMENT TO PROXY STATEMENT
FOR THE ANNUAL MEETING OF STOCKHOLDERS
To Be Held on March 18, 2009
proxy statement supplement, dated March 2, 2009, supplements the proxy
statement (which we refer to as the Proxy Statement) filed with the U.S.
Securities and Exchange Commission (the SEC) on January 20, 2009
relating to the annual meeting of stockholders of Hewlett-Packard Company
(HP) to be held on Wednesday, March 18, 2009 at 2:00 p.m., local
time, at the Santa Clara Convention Center, 5001 Great America Parkway, Santa
Clara, California. The purpose of this
supplement is to provide information about a recent change in HPs policy
relating to personal use of corporate aircraft.
Except as described in this supplement and the additional proxy
statement supplement filed with the SEC on February 3, 2009, the
information provided in the Proxy Statement continues to apply.To the extent that information in this
supplement differs from or updates information contained in the Proxy
Statement, the information in this supplement is more current.
March 1, 2009, HP amended its policy regarding the personal use of
corporate aircraft to provide that HP will no longer provide its executive
officers with a gross-up to cover the individual income tax incurred when
corporate aircraft are used for personal purposes (including spousal
travel on business trips). Previously, the policy provided that the
chief executive officer would receive a gross-up for the tax associated with
the value of the first 25 hours of personal usage (which usage could have
included his spouse and other guests) during each fiscal year. The policy also
provided that other executives would receive a gross-up for the tax associated
with the value of spousal travel on business trips if the spousal travel was
requested by HP.