Netflix ‘s board of directors will meet in the coming weeks to decide whether to accept or reject the resignation of the company’s lead independent director, Jay Hoag.

Hoag, a venture capitalist and founding General Partner at Technology Crossover Ventures, has served on Netflix’s board since 1999, and in addition to being lead independent director is also chair of its nominating and governance committee.

However, at this year’s annual meeting, which was held June 5, he failed to secure a majority of votes from shareholders. Per a company policy that was adopted last year, if a director does not secure a majority of votes, they are expected to submit their resignation, and the board will then meet to decide whether to accept it. Per an SEC filing Friday, Hoag submitted his resignation.

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