Marqeta, Inc. 8-K Summary: 2025 Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports the results of the 2025 Annual Meeting of Stockholders held on June 12, 2025. Marqeta, Inc. (Nasdaq: MQ), a Delaware corporation, presented three proposals to its Class A and Class B common stockholders for a vote.
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
Stockholders voted on three proposals with the following outcomes:
- Proposal 1 (Election of Directors): All three Class I director nominees were elected.
- Jason Gardner: 422,583,351 For; 85,836,986 Withheld; 87,495,193 Broker Non-Votes.
- R. Mark Graf: 486,985,692 For; 21,434,645 Withheld; 87,495,193 Broker Non-Votes.
- Wendy Thomas: 486,957,505 For; 21,462,832 Withheld; 87,495,193 Broker Non-Votes.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
- For: 589,894,153
- Against: 5,894,112
- Abstain: 127,265
- Proposal 3 (Executive Compensation): Stockholders approved, on a non-binding advisory basis, the compensation paid to named executive officers.
- For: 498,757,897
- Against: 9,037,852
- Abstain: 624,588
- Broker Non-Votes: 87,495,193
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The report is limited to the submission of matters to a vote of security holders.
Key Facts for Investor Verification
- Verify the definitive proxy statement filed on April 24, 2025, for detailed biographies of the elected directors and the specific compensation metrics approved in Proposal 3.
- Confirm the tenure of the newly elected directors, who will serve until the 2028 annual meeting.
- Note the significant number of broker non-votes (87,495,193) on Proposals 1 and 3, which may indicate shares held in street name where brokers lacked discretionary voting authority.
- Review the upcoming fiscal year-end of December 31, 2025, for which KPMG LLP has been ratified as the auditor.