Red Violet, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated May 26, 2021, details the results of Red Violet, Inc.'s 2021 Annual Meeting of Stockholders. The Company is incorporated in Delaware and its common stock trades on The NASDAQ Stock Market LLC 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 voting results rather than financial performance data.
Material Changes and Voting Results
At the Annual Meeting, 9,610,853 shares were represented out of 12,208,077 shares outstanding. The following matters were voted upon:
- Election of Directors: Four nominees were elected to serve until the 2022 Annual Meeting.
- Derek Dubner: 8,093,053 For; 104,497 Withheld.
- Peter Benz: 8,077,349 For; 120,201 Withheld.
- Steven Rubin: 5,888,407 For; 2,309,143 Withheld.
- Robert Swayman: 8,077,301 For; 120,249 Withheld.
- Ratification of Independent Public Accounting Firm: Stockholders ratified the appointment of Grant Thornton, LLP for the year ending December 31, 2021.
- For: 9,606,623
- Against: 3,314
- Abstain: 916
- Say on Pay: Stockholders approved, on an advisory basis, the compensation of named executive officers for 2020.
- For: 6,487,806
- Against: 22,224
- Abstain: 1,687,520
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the outcomes of the shareholder vote.
Key Facts for Investor Verification
- Verify the significant number of votes withheld for director nominee Steven Rubin (2,309,143) compared to other nominees.
- Confirm the high abstention rate on the "Say on Pay" proposal (1,687,520 abstentions).
- Note that Grant Thornton, LLP was ratified as the independent auditor for the 2021 fiscal year.
- Review the full proxy statement for details on executive compensation referenced in the "Say on Pay" vote.