On September 3, ARM Holdings fell 3.03% in regular trading, trading at approximately $231.39/share, with turnover of approximately $78.49 million.
On the news front, ARM Holdings is facing mounting shareholder opposition to a proposed bonus package for CEO Rene Haas worth up to $800 million. The plan would reward Haas if he transforms Arm into Britain's first trillion-dollar company by market capitalization. Leading proxy advisory firms ISS 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 governance dispute has continued to weigh on sentiment as the vote approaches.
Meanwhile, the broader semiconductor sector came under significant pressure. Within the Semiconductors sector, Broadcom fell 4.74%, Micron Technology fell 2.98%, Advanced Micro Devices fell 2.27%, and Intel fell 1.32%, with NVIDIA bucking the trend with a 1.38% gain. The sector-wide weakness amplified downside pressure on ARM Holdings.
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