Rimini Street, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2023 Annual Meeting of Stockholders held by Rimini Street, Inc. on June 7, 2023. The meeting was conducted virtually via live audio webcast. As of the record date of April 17, 2023, there were 88,912,036 shares of common stock issued and outstanding.
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 matters and voting results.
Material Changes and Voting Results
Stockholders voted on three proposals. A total of 80,456,833 shares were represented at the meeting, constituting a quorum.
- Proposal 1 (Election of Directors): Three Class III director nominees were elected to serve until the 2026 annual meeting.
- Seth A. Ravin: 66,405,968 votes For.
- Steven Capelli: 56,987,423 votes For.
- Jay Snyder: 60,125,402 votes For.
- Proposal 2 (Say-on-Pay): The non-binding advisory vote on executive compensation was approved with 65,639,086 votes For.
- Proposal 3 (Auditor Ratification): The appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2023, was ratified with 79,329,653 votes For.
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
- Confirmation of the election of Seth A. Ravin, Steven Capelli, and Jay Snyder to the Board of Directors.
- Approval of the company's executive compensation package via the Say-on-Pay vote.
- Ratification of KPMG LLP as the independent auditor for the 2023 fiscal year.
- High shareholder participation rate of approximately 90.49% of voting power.