Sector: Consumer Discretionary
DOORDASH INC CLASS A · Meeting: June 10, 2026
Directors FOR
4
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of Directors
Dr. Brown has served since 2019 as Lead Independent Director with strong relevant governance experience; DASH's 3-year total return of +207.5% outperforms the peer group median by +141.4 percentage points, well above the 65-point threshold needed to trigger a concern, and no other policy flags apply.
Mr. Kovac joined the board in January 2026 and is within the 24-month new-director exemption window, so the stock performance trigger does not apply; his AI, robotics, and engineering leadership background is clearly relevant to DoorDash's technology operations.
Mr. Lin has served since 2014 and brings deep venture capital, operational, and financial expertise; DASH's +141.4 percentage point outperformance of the peer group median over three years is far above the 65-point threshold required to trigger a concern, and he holds no disqualifying board affiliations.
Mr. Tang is a co-founder with deep institutional knowledge of DoorDash's operations and technology; the TSR trigger does not apply given the company's substantial outperformance of its peer group, and no other policy flags are present.
All four Class III nominees pass every policy screen: DoorDash's 3-year total return of +207.5% outperforms the disclosed compensation peer group median (+66.1%) by +141.4 percentage points, which is well above the 65-point threshold applicable when absolute returns exceed +20%, so the TSR trigger does not fire for any nominee. Mr. Kovac is additionally protected by the 24-month new-director exemption. No overboarding, attendance, independence, or familial-relationship issues were identified for any nominee.
CEO
Tony Xu
Total Comp
$431,864
Prior Support
95%+%
CEO Tony Xu's total reported compensation of $431,864 for 2025 consisted entirely of a $300,000 base salary and modest security-related benefits, with no equity grants made in the year — this is extraordinarily low for a CEO of an $82.5 billion company and reflects the company's intentional philosophy of delivering the majority of CEO pay through a long-term, performance-based equity award (the 2020 CEO Performance Award) that only vests if DoorDash's stock reaches stretch price targets over seven years. The other named executives received an average of 96% of their pay in the form of stock awards vesting over four years, which is strongly aligned with long-term shareholder outcomes; pay-for-performance alignment is excellent given DoorDash's 3-year stock return of +207.5%. The prior Say on Pay vote received over 95% support, a strong signal of shareholder satisfaction, and no governance concerns were identified with the compensation program.
Auditor
KPMG LLP
Tenure
8 yrs
Audit Fees
$13,361,000
Non-Audit Fees
$3,578,000
KPMG has served since 2018 (approximately 8 years), well below the 25-year tenure threshold; non-audit fees for 2025 total approximately $3.578 million (audit-related fees of $3.489 million plus tax fees of $29,000 plus other fees of $60,000), representing about 26.8% of audit fees of $13.361 million, which is comfortably below the 50% independence-concern threshold; KPMG is a Big 4 firm fully appropriate for a company of DoorDash's scale; and no material restatements were identified.
DoorDash's 2026 annual meeting ballot contains three standard proposals — director elections, auditor ratification, and Say on Pay — all of which pass every applicable policy screen and warrant FOR votes. The company's exceptional 3-year stock performance (+207.5%), extremely modest CEO pay ($431,864 total), high proportion of at-risk equity compensation for all named executives, clean auditor fee ratios, and strong prior Say on Pay support (95%+) present no material governance or compensation concerns.
16 companies disclosed in 2026 proxy filing
