Workday, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of Workday, Inc.'s Annual Meeting of Stockholders held on June 8, 2021. The filing details the voting outcomes for four proposals submitted to security holders.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
Stockholders representing approximately 97.39% of eligible votes (747,087,639 votes) were present, constituting a quorum. The following matters were approved:
- Director Elections: All four Class III director nominees (Aneel Bhusri, Ann-Marie Campbell, David A. Duffield, and Lee J. Styslinger III) were elected to serve until the 2024 Annual Meeting.
- Independent Auditor: Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2022.
- Executive Compensation (Say-on-Pay): Stockholders approved, on an advisory basis, the compensation paid to named executive officers.
- Frequency of Say-on-Pay Votes: Stockholders voted to hold annual advisory votes concerning executive compensation.
Guidance, Outlook, and Risks
The filing does not provide management guidance, financial outlook, risk factors, or contingencies. It serves solely as a disclosure of the certified voting results from the Annual Meeting.
Key Facts for Investor Verification
- Verify the specific vote counts for director elections, noting that Ann-Marie Campbell received a higher number of withheld votes compared to other nominees.
- Confirm the ratification of Ernst & Young LLP for the fiscal year ending January 31, 2022.
- Note that the advisory vote on executive compensation frequency resulted in a mandate for annual votes.
- Review the definitive proxy statement filed on April 26, 2021, for detailed descriptions of the proposals and director biographies.