Business
Dell Technologies shareholders approve move from Delaware to Texas
Texas has surpassed California as the state with the most Fortune 500 corporate headquarters, leading 57-56 for the 2026 list. Texas Congresswoman Beth Van Duyne credits the states policies and business community.
Dell Technologies on Thursday announced that shareholders granted their approval to the company’s plan to switch its state of incorporation from Delaware to Texas.
Michael Dell, founder and CEO of Dell Technologies, announced the results of the shareholder vote, which was overwhelmingly in favor of the move, in a social media post on the X platform.
“Today, with 97% approval, Dell shareholders voted to bring our legal home to Texas,” Dell said.
“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,” Dell added.
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Dell Technologies CEO Michael Dell announced the legal move on Thursday. (Diego Donamaria/Getty Images for SXSW)
The company’s board of directors approved the proposal in May ahead of the shareholder vote, at which time Dell said, “Texas is where Dell has innovated, expanded, and invested for more than four decades, and bringing our legal home to Texas reflects what we’ve been building here all along.”
Dell Technologies has long kept its corporate headquarters in Texas, with it being founded while Dell was attending the University of Texas at Austin, and he was living in a university dorm room in 1984.
The company built a large presence in the Austin area, including its offices and manufacturing facilities, and in 1994 built a new campus for its corporate headquarters in Round Rock, Texas.
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Dell shareholders voted to move its legal home to Texas, where the company is headquartered in Round Rock. (Brandon Bell/Getty Images)
By switching the state where the company is legally domiciled, Dell Technologies will shift the venue of future legal disputes with shareholders from the Delaware Court of Chancery to courts in the state of Texas, which are viewed as having a more business-friendly approach to shareholder lawsuits.
Tesla CEO Elon Musk, who moved Tesla’s state of incorporation from Delaware to Texas following a controversial decision by the Delaware Court of Chancery, applauded Dell’s move on his X social media platform with a one word response to Michael Dell’s post that said simply, “Texas.”
ELON MUSK MOVES SPACEX TO TEXAS AFTER DELAWARE REVOKED HIS TESLA SALARY PACKAGE
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DELL | DELL TECHNOLOGIES INC. | 389.06 | -19.79 | -4.84% |
Musk sought shareholder approval for the switch after a Delaware judge in the Court of Chancery issued a ruling that voided his $56 billion pay package in January 2024, which prompted him to warn, “Never incorporate your company in the state of Delaware.”
Tesla shareholders ultimately approved the move, while the Delaware Supreme Court overturned the judge’s ruling in December 2025. Later that month, Tesla shareholders approved a new pay package valued at about $1 trillion if operational and financial targets are reached.

Elon Musk relocated the state of incorporation for Tesla and SpaceX from Delaware to Texas. (Suzanne Cordeiro/AFP via Getty Images)
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Musk has also relocated the state of incorporation for some of his other businesses out of Delaware, with SpaceX’s legal domicile being switched to Texas in February 2024. Several of his other ventures have had their state of incorporation changed to Nevada.
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Albert Anthony is the pen name of a business author on Amazon and his newest book is “How To Pick Stocks: 8 Steps For Long-Term Investing with Fundamental & Technical Analysis,” now available as a 2026 edition paperback and Kindle ebook in several regions including the US, UK, Canada, and Europe. The author is an analyst & contributor for investing platform Seeking Alpha since 2023, where he has nearly 2,000 followers and has covered hundreds of stocks in multiple sectors including banks/financials, REITs, insurance, pharma, and more. He has also written for platforms like Investing dot com, and has taken part in many business conferences includes Bloomberg Adria’s Investment Outlook 2026 as well as Money Motion 2026. Albert Anthony has Croatian-American roots, having grown up in the US and living in the NYC/New Jersey area as well as the Austin Texas area while working in enterprise IT roles at several prominent companies, including a top 10 financial firm. The author earned a B.A. from Drew University, and also completed certifications from Microsoft, CompTIA, and Corporate Finance Institute where he earned the specialization in risk management. He is founder of a boutique equities research firm, Albert Anthony & Company, which is a trade name both in the US and Croatia. Besides his writing and analyst work, the author has been active on camera as well, as a film/TV extra for casting agencies in Croatia/Europe, and also took part in roundtable panel discussions and appeared in several media stories in that region. You can also check out the author’s video content on the Albert Anthony channel on YouTube where he discusses investing topics, @author.albertanthony Please note: The author does not write about non-publicly traded companies, small cap stocks, crypto, or startup CEOs, so any such mail received and pitches from PR agencies will be deleted. Any official mail to the author should be sent to albertanthony.info@gmail.com. *Author Disclaimer: Albert Anthony and Albert Anthony & Co, is a US-based sole proprietorship registered as a trade name in Austin, Texas, and a sole proprietor registered in Croatia. The author nor his company are registered financial advisors and do not provide personalized financial advisory services to clients and do not manage client assets but provide general markets commentary and research as well as actionable insights based on publicly-available data and their own analysis. The author does not sell or market financial products and services, nor is compensated by any company for rating them. The author does not hold any material position in any stock he rates at the time of writing, unless otherwise disclosed. All investment is assumed to be at risk and readers are expected to do their due diligence beyond the scope of this author’s commentary, agreeing to indemnify the author of any liability for potential investment losses.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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