Funko, Inc. 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports the results of Funko, Inc.'s Annual Meeting of Stockholders held on June 15, 2018. The filing covers the voting outcomes for director elections and the ratification of the independent auditor. As of the April 20, 2018 record date, 43,247,788 shares of Class A and Class B common stock were present, representing approximately 89.51% of outstanding shares.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding corporate governance events and does not contain financial performance data.
Material Changes and Voting Results
The following proposals were approved by the stockholders:
- Item 1: Election of Directors. Three Class I directors were elected for a term expiring in 2021.
- Charles Denson: 39,206,592 votes FOR; 562,310 votes WITHHELD.
- Adam Kriger: 38,835,534 votes FOR; 933,368 votes WITHHELD.
- Brian Mariotti: 38,904,620 votes FOR; 864,282 votes WITHHELD.
- Item 2: Ratification of Auditor. The appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2018, was approved.
- Votes FOR: 43,202,912
- Votes AGAINST: 25,246
- Votes ABSTAINED: 19,630
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the reporting of voting results.
Key Facts for Investor Verification
- Verify the total number of shares outstanding as of the April 20, 2018 record date to confirm the 89.51% participation rate.
- Confirm the terms of office for the newly elected directors (Charles Denson, Adam Kriger, and Brian Mariotti) expire at the 2021 annual meeting.
- Review the Definitive Proxy Statement filed on April 27, 2018, for detailed background on the proposals and director biographies.
- Note that broker non-votes were recorded for the director elections but did not affect the outcome as the proposals required a majority of votes cast.