Dell Technologies: Shareholders Overwhelmingly Approve Move from Delaware to Texas
Dell Technologies (NYSE: DELL) has officially completed its corporate migration to Texas. Shareholders cast an overwhelming 97% vote in favor of reincorporating the company in the Lone Star State, leaving behind its long-standing Delaware registration.
The pivotal vote occurred at Dell’s 2026 Annual Meeting of Stockholders on June 25, 2026. This makes Dell the second Fortune 500 company this year to win shareholder approval to redomicile in Texas. The first was Exxon Mobil Corp., whose move takes effect on July 1. Dell’s founder and CEO, Michael Dell, celebrated the result on X (formerly Twitter), stating: “Today, with 97% approval, Dell shareholders voted to bring our legal home to Texas.”
Dell’s global headquarters has been in Round Rock, Texas for a long time. This is where Michael Dell founded the company in 1984 while studying at the University of Texas. The reincorporation aligns Dell’s legal address with its operational center. It also allows the company to benefit from Texas’s new management-friendly business court and broader protections for executives against breach-of-fiduciary-duty claims.
The move also imposes new restrictions on smaller shareholders. It requires a 3% or $1 million stock ownership threshold for submitting proposals. Texas has now surpassed California as the state with the most Fortune 500 corporate headquarters, leading 57 to 56 for the 2026 list. Over the past year, Dell shares have surged 126% to around $211.77, with a market cap of approximately $137.6 billion.
Source: Fox Business – Dell Technologies shareholders approve move from Delaware to Texas