Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders held by Organogenesis Holdings Inc. on December 29, 2021. The company is incorporated in Delaware and its Class A Common Stock trades on the Nasdaq Capital Market under the symbol ORGO.
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 events and voting results.
Material Changes and Voting Results
Two proposals were submitted to and approved by stockholders. A total of 95,954,171 shares of Class A common stock were present or represented by proxy.
Director Elections
Eight individuals were elected as Directors to serve until the next Annual Meeting. The voting results were as follows:
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Alan A. Ades | 33,738,672 | 21,713,880 | 40,501,619 |
| Robert Ades | 38,507,526 | 16,945,026 | 40,501,619 |
| Prathyusha Duraibabu | 54,443,510 | 1,009,042 | 40,501,619 |
| David Erani | 39,703,369 | 15,749,183 | 40,501,619 |
| Jon Giacomin | 52,718,082 | 2,734,470 | 40,501,619 |
| Gary S. Gillheeney, Sr. | 43,286,577 | 12,165,975 | 40,501,619 |
| Arthur S. Leibowitz | 33,464,727 | 21,987,825 | 40,501,619 |
| Glenn H. Nussdorf | 39,791,632 | 15,660,920 | 40,501,619 |
Auditor Ratification
Stockholders approved the ratification of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
| Proposal | Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Ratify RSM US LLP | 94,296,655 | 181,675 | 1,475,841 | 0 |
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
- Verify the definitive proxy statement filed on November 30, 2021, for detailed descriptions of the proposals.
- Note the significant number of broker non-votes (40,501,619) in the director elections, indicating shares held in street name where brokers lacked discretionary voting power.
- Confirm the tenure of the newly elected directors, which extends until the next Annual Meeting.
- Review the high approval rate for the auditor ratification (94.3 million votes for vs. 181k against).