The Dell Technologies board of directors on May 4 approved of changing the company’s state of incorporation from Delaware to Texas, which could make it the latest high-profile company to exit Delaware since a state judge canceled Elon Musk’s pay package in 2024.
The decision, which must be approved by shareholders in June, will not affect business operations, management, strategy, assets, or employee locations, according to Dell.
The tech giant, with revenue of $113.5 billion in fiscal 2026, is one of about a dozen noted companies to reincorporate out of Delaware since Elon Musk moved his companies away in 2024.
The “Dexit” trend has included Dropbox, TripAdvisor, Coinbase, and Tesla….