SEC Filing Summary: SYNNEX CORPORATION (8-K)
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by SYNNEX CORPORATION on March 15, 2019. The filing details the outcomes of three proposals submitted to security holders for a vote.
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 material events occurred during the meeting:
- Proposal 1 (Election of Directors): Eleven directors were elected to serve until the 2020 Annual Meeting. While most candidates received overwhelming support, Matthew Miau received a significant number of "Withheld" votes (16,369,808) compared to "For" votes (28,739,013), though he was still elected.
- Proposal 2 (Executive Compensation): The advisory vote to approve executive compensation passed with 44,263,178 votes "For" and 807,851 votes "Against."
- Proposal 3 (Ratification of Auditors): The selection of KPMG LLP as the independent registered public accountants was ratified with 47,909,683 votes "For" and 190,031 votes "Against."
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on financial outlook, specific risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the specific reasons for the high number of withheld votes for director Matthew Miau in subsequent proxy statements or press releases.
- Confirm the tenure of the newly elected directors through the 2020 Annual Meeting.
- Review the full proxy statement for detailed executive compensation metrics referenced in Proposal 2.