On September 1, ARM Holdings fell 3.03% in pre-market trading, trading at $234.62/share, with turnover of $6.43 million.
On the news front, ARM Holdings is facing a potential shareholder revolt over a proposed compensation plan that could award CEO Rene Haas up to $800 million. The plan is designed to link equity awards to specific valuation milestones — Haas would receive the full payout if Arm becomes Britain's first trillion-dollar company, with additional awards tied to reaching $1.5 trillion and $2 trillion valuations. Prominent proxy advisory firms Institutional Shareholder Services and Glass Lewis have both recommended investors vote against the scheme at the annual shareholder meeting scheduled for September 9, calling the bonus excessive. The company has declined to comment on the matter.
The broader Semiconductors sector also traded lower in pre-market, with NVIDIA down 1.77%, Intel down 3.15%, Advanced Micro Devices down 2.35%, Micron Technology down 2.28%, and Broadcom down 1.64%.
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