Business Context and Reporting Period
This Form 8-K filing by The Rubicon Project, Inc. (trading symbol: RUBI) reports on the results of the 2019 Annual Meeting of Stockholders held on May 15, 2019. The company is incorporated in Delaware and is classified as an emerging growth company.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
No material financial changes are reported in this document. The filing details the outcome of two shareholder proposals:
- Proposal 1 (Director Election): Stockholders elected two Class II directors, Michael G. Barrett and Robert F. Spillane, to serve until the 2022 annual meeting.
- Proposal 2 (Auditor Ratification): Stockholders approved the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the current fiscal year.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly reports the voting tallies for the annual meeting.
Important Facts for Investors
- Director Election Results: Michael G. Barrett received 28,207,630 votes FOR, while Robert F. Spillane received 17,725,615 votes FOR. Both were elected despite significant "AGAINST" votes for Mr. Spillane (11,447,032).
- Auditor Approval: The selection of Deloitte & Touche LLP was approved with 42,209,408 votes FOR and only 127,568 votes AGAINST.
- Broker Non-Votes: There were 13,171,464 broker non-votes recorded for the director election proposals.
- Company Status: The registrant has elected to use the extended transition period for complying with new or revised financial accounting standards as an emerging growth company.