Netflix Director Jay Hoag Fails to Win Reelection to Board (1)

Netflix Inc. shareholders overwhelmingly rejected the reelection of venture capitalist Jay Hoag to the board of the streaming company after he was called out for failing to attend enough meetings.

Hoag, a founding general partner of Menlo Park, California-based TCV, received 71.4 million votes backing his reelection and 259.9 million votes against, according to a Netflix filing Friday.

The proxy adviser ISS had urged investors to reject the nomination, saying Hoag didn’t attend enough board meetings last year. The board didn’t disclose a reason, ISS said. Netflix said he attended two of the four meetings.

Hoag served as the company’s ...