Commvault Systems, Inc. Form 8-K Summary
Business Context and Reporting Period
This filing is a Current Report (Form 8-K) dated August 20, 2015, regarding the results of the fiscal 2015 Annual Meeting of Stockholders held on that date. The company is incorporated in Delaware and headquartered in Tinton Falls, New Jersey.
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 results.
Material Changes and Voting Results
Stockholders voted on three primary matters:
- Election of Directors: Three Class III Directors were elected for a term expiring at the 2018 Annual Meeting.
- N. Robert Hammer: 35,201,829 For; 1,281,793 Against.
- Keith Geeslin: 33,770,809 For; 2,723,303 Against.
- Gary B. Smith: 35,619,755 For; 874,357 Against.
- Ratification of Auditors: Stockholders ratified the appointment of Ernst & Young LLP as independent public accountants for the fiscal year ending March 31, 2016.
- Vote: 37,334,565 For; 1,315,737 Against.
- Executive Compensation: A non-binding, advisory vote on executive compensation was held.
- Vote: 22,581,428 For; 13,911,019 Against.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the significant "Against" vote (approximately 38%) on the executive compensation advisory proposal, which may indicate shareholder dissatisfaction with pay practices.
- Confirm the successful ratification of Ernst & Young LLP as the independent auditor for the upcoming fiscal year.
- Note the election of the three Class III Directors, ensuring their terms align with the 2018 expiration date.