Varonis Systems Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2020 Annual Meeting of Stockholders held virtually on May 26, 2020. Varonis Systems, Inc. is a Delaware corporation with its principal executive offices in New York, NY, and its common stock trades on the NASDAQ under the symbol VRNS.
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.
Material Changes and Voting Results
The following proposals were voted upon and approved by stockholders:
- Proposal 1 (Election of Directors): All three nominees were elected to serve until the 2023 Annual Meeting.
- Yakov Faitelson: 24,053,855 For; 956,871 Withheld.
- Ohad Korkus: 23,819,882 For; 1,190,844 Withheld.
- Thomas F. Mendoza: 24,460,477 For; 550,249 Withheld.
- Proposal 2 (Executive Compensation): The advisory vote to approve executive compensation was approved with 23,235,757 For votes, 1,763,001 Against, and 11,968 Abstentions.
- Proposal 3 (Ratification of Auditors): The appointment of Kost Forer Gabbay & Kasierer (a member of Ernst & Young Global Limited) as the independent registered public accounting firm for the fiscal year ending December 31, 2020, was ratified with 27,320,836 For votes, 123,181 Against, and 6,006 Abstentions.
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 that the three director nominees (Faitelson, Korkus, Mendoza) have been elected to the Board.
- Verification that the independent auditor for the 2020 fiscal year is Kost Forer Gabbay & Kasierer.
- Review of the Definitive Proxy Statement filed on April 15, 2020, for detailed executive compensation data referenced in Proposal 2.