Dell Technologies has received overwhelming shareholder approval to relocate its legal headquarters from Delaware back to Texas, reinforcing the state’s appeal for corporate incorporations.
Dell Technologies has announced a significant shift in its corporate structure, securing overwhelming shareholder support to move its legal headquarters from Delaware to Texas. This decision marks another notable corporate relocation to the Lone Star State.
The proposal to relocate received an impressive 97% approval from shareholders, officially transferring the company’s legal home to Texas, where it was originally founded over 40 years ago. Dell’s global headquarters remains in Round Rock, near Austin.
Founder and CEO Michael Dell shared the news on LinkedIn, stating, “Today, with 97% approval, Dell Technologies shareholders voted to bring our legal home to Texas. This is home and where we’ve always belonged. Texas gave us the talent, the universities, and the environment to build something that lasts. Proud to make it official. Let’s go.”
This decision follows a unanimous approval from Dell’s board of directors, which presented the proposal to shareholders during the company’s annual meeting on June 25. The recommendation to relocate was made by a committee of independent board members, ensuring an additional layer of governance review before the vote.
In May, Dell first disclosed its plans to redomicile from Delaware to Texas, a move that reflects the company’s deep-rooted connections to the state where it was established. This trend aligns with a growing number of major corporations opting for Texas over Delaware for incorporation. Notably, Exxon Mobil also made a similar transition, citing Texas’s favorable business environment. However, the change introduces new restrictions for smaller shareholders under Texas corporate law.
James H. Lee, chairman, founder, and CEO of TXSE Group Inc., the parent company of the Texas Stock Exchange, emphasized the significance of Dell’s decision. He shared Michael Dell’s announcement on LinkedIn, noting, “Texas’s rise as a technology powerhouse runs through Michael Dell and the company he started in his UT dorm room in 1984. He has given back to the state at the same scale he built in it — most recently becoming the University of Texas’s first billion-dollar benefactor. And now his company’s legal home is in the same state where it all started.”
Lee further remarked, “The result also marks another powerful validation of the economic reforms Governor Greg Abbott and legislative leaders enacted over the past two sessions, which the Texas Stock Exchange | TXSE Group Inc was a lead supporter of. Those laws cemented Texas as the top jurisdiction for business in the U.S., and the faucet they turned on is now wide open. Dell is the second Fortune 50 company to redomicile to Texas in the past month, and behind it stand hundreds more, representing trillions in market capitalization.”
Texas Governor Greg Abbott welcomed the relocation, viewing it as a testament to the state’s attractiveness for businesses and innovators. In a post on X, Abbott stated, “Welcome home, @Dell. For over 40 years, Texas has been where @MichaelDell built and innovated. Now, Dell Technologies is bringing its legal home to Texas. This is what happens when job creators and innovators are welcomed, not punished. More businesses are sure to follow.”
The relocation underscores Texas’s growing reputation as a preferred destination for corporate incorporations, as more companies reassess their legal domicile in favor of states perceived as offering a more business-friendly regulatory framework. This trend is likely to continue as Texas positions itself as a hub for innovation and corporate growth.
According to The American Bazaar, Dell’s move is part of a broader trend of corporations seeking favorable environments for business operations.