Microsoft Corp.'s meeting with shareholders later this year will be held online-only, joining other companies that are moving away from on-site events.
The Redmond, Wash.-based software maker has webcast in-person shareholder meetings in recent years. The new format, announced Sept. 18, is meant to reach more shareholders, including those abroad, and make its meeting more efficient, it said.
Attendance at Microsoft’s in-person shareholder meetings has declined and changes in Washington state law has offered companies more flexibility in how meetings are held, it said.
Microsoft joins a shift in corporate America away from traditional gatherings to events held online and...