Workday, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Workday, Inc. on June 9, 2020. The filing details the certified voting results for three proposals presented to shareholders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
Approximately 97.86% of eligible votes were represented at the meeting, constituting a quorum. All three proposals were approved by the stockholders:
- Proposal 1: Election of Directors. Four Class II directors were elected to serve until the 2023 annual meeting. Voting results were as follows:
- Michael C. Bush: 745,880,473 votes For; 751,937 votes Withheld.
- Christa Davies: 722,493,349 votes For; 24,139,061 votes Withheld.
- Michael A. Stankey: 742,196,224 votes For; 4,436,186 votes Withheld.
- George J. Still, Jr.: 723,147,098 votes For; 23,485,312 votes Withheld.
- Proposal 2: Ratification of Auditors. Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2021.
- Votes For: 762,323,223
- Votes Against: 1,466,148
- Abstentions: 176,951
- Proposal 3: Executive Compensation. Stockholders approved, on an advisory basis, the compensation paid to named executive officers.
- Votes For: 720,016,123
- Votes Against: 26,266,027
- Abstentions: 360,260
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
- Verify the specific terms of the advisory vote on executive compensation (Proposal 3) in the definitive proxy statement filed on April 27, 2020.
- Note the significant number of votes withheld for directors Christa Davies and George J. Still, Jr., which may indicate shareholder concerns regarding board composition.
- Confirm the tenure of the newly elected directors, which extends until the 2023 Annual Meeting.
- Review the full proxy statement for details on the "Say-on-Pay" vote results and any accompanying shareholder dissent.