By François Schott and Mauro Orru

Shareholders of Stellantis NV were mostly against an advisory vote on the company's remuneration report at its annual general meeting.

The car maker formed through the combination of Fiat Chrysler Automobiles NV and Peugeot-maker PSA Group said Wednesday that it received 52.1% of votes against and only 47.9% in favor.

"It is important for us to remunerate for performance. This is part of Stellantis's values to be a meritocracy," Chairman John Elkann said.

Stellantis said the company took note of the feedback resulting from the advisory vote.

All resolutions were adopted, including a dividend distribution of 3.3 billion euros ($3.57 billion) on common shares.


Write to François Schott at fschott@agefi.fr and Mauro Orru at mauro.orru@wsj.com


This story was translated in whole or in part from a French-language version initially published by L'Agefi-Dow Jones.


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04-13-22 1310ET