CDW Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by CDW Corporation on May 22, 2020, regarding events occurring on May 21, 2020. The filing details the final voting results from the Company's annual meeting of stockholders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: Stockholders elected seven directors for terms expiring at the 2021 Annual Meeting. All nominees received significant majority support, with "Votes For" ranging from approximately 122.2 million to 123.9 million. "Votes Against" ranged from approximately 95,000 to 1.8 million.
- Advisory Vote on Executive Compensation: Stockholders approved the compensation of named executive officers. The vote resulted in 119,428,888 votes for, 4,577,499 votes against, and 102,976 abstentions.
- Ratification of Independent Auditor: Stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2020. The vote resulted in 129,365,408 votes for, 1,008,792 votes against, and 55,880 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the specific terms of office for the seven newly elected directors.
- Confirm the total number of shares outstanding to calculate the percentage of votes cast for each proposal.
- Note that 6,320,717 broker non-votes were recorded for the director elections and executive compensation vote.
- Confirm that Ernst & Young LLP is the appointed auditor for the fiscal year ending December 31, 2020.