Five9, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated May 19, 2016, reports on the results of Five9, Inc.'s 2016 Annual Meeting of Stockholders held on May 18, 2016. The filing addresses corporate governance matters, specifically the election of directors and the ratification of the independent auditor.
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 stockholder voting outcomes and does not contain financial performance data.
Material Changes and Voting Results
Approximately 94% of outstanding shares entitled to vote were represented at the meeting. The following matters were approved:
- Election of Directors: All three Class II nominees were elected to serve until the 2019 annual meeting.
- Jack Acosta: 42,754,328 shares For; 36,723 shares Withheld; 5,798,593 Broker Non-Votes.
- David DeWalt: 42,512,232 shares For; 278,819 shares Withheld; 5,798,593 Broker Non-Votes.
- David Welsh: 42,753,627 shares For; 37,424 shares Withheld; 5,798,593 Broker Non-Votes.
- Ratification of Auditor: The appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2016, was ratified.
- Voting Results: 48,530,316 shares For; 36,896 shares Against; 22,432 shares Abstained.
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
- Confirmation that the three new directors (Acosta, DeWalt, Welsh) have assumed their roles on the Board.
- Verification that KPMG LLP has formally commenced its audit responsibilities for the fiscal year ending December 31, 2016.
- Review of the high level of broker non-votes (5,798,593) in the director election, which may indicate specific proxy voting instructions or lack thereof from brokerage firms.