Netflix’s board will make a final determination on the fate of lead independent director Jay Hoag in the coming weeks after shareholders voted to oust him during the streamer’s annual meeting on Thursday.

Hoag, a venture capitalist and founding general partner of Technology Crossover Ventures, has served on Netflix’s board since 1999 and is the chair of its nominating and governance committee. Per the vote totals released on Friday , Hoag received 71,428,414 votes in favor of his reelection to the board and 259,865,864 against.

In a statement, Netflix said that Hoag offered his resignation in accordance with the company’s policy adopted last year, which states that directors who do not secure a majority of votes will be expected to submit their resignation and that the board will meet

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