Red Violet, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated May 30, 2024, details the results of Red Violet, Inc.'s 2024 Annual Meeting of Stockholders. The meeting was held on May 30, 2024, with a record date of April 16, 2024. The company is incorporated in Delaware and trades on the NASDAQ Stock Market under the symbol RDVT.
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 and stockholder voting outcomes rather than financial performance.
Material Changes and Voting Results
At the Annual Meeting, 12,921,982 shares were represented, constituting approximately 94% of the 13,737,548 shares outstanding and entitled to vote. The following matters were approved:
- Election of Directors: Five nominees were elected to serve until the 2025 Annual Meeting. While all were elected, Steven Rubin received a significant number of withheld votes (2,732,731) compared to other nominees.
- Ratification of Auditors: Stockholders ratified the appointment of Grant Thornton, LLP as the independent registered public accounting firm for 2024.
- Say on Pay Frequency: Stockholders voted to submit future Say on Pay proposals annually.
- Say on Pay: Stockholders approved the compensation of named executive officers for 2023 on an advisory basis.
Guidance, Outlook, and Risks
The filing does not contain management commentary on financial guidance, outlook, risks, contingencies, or unusual items. The Board of Directors intends to submit Say on Pay proposals annually following the stockholder vote.
Key Facts for Investor Verification
- Verify the specific reasons for the high number of withheld votes (2.7 million) for director nominee Steven Rubin compared to other board members.
- Confirm the total number of shares outstanding (13,737,548) and the high participation rate (94%) at the Annual Meeting.
- Note that the filing contains no financial data; investors should refer to the most recent 10-K or 10-Q for financial metrics.
- Confirm the ratification of Grant Thornton, LLP as the independent auditor for the fiscal year ending December 31, 2024.