Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Veeva Systems Inc. on June 22, 2016. The filing details the voting results for two proposals presented to stockholders of record as of May 3, 2016.
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 and voting outcomes.
Material Changes and Voting Results
Two proposals were voted upon at the Annual Meeting:
- Proposal 1 (Election of Directors): Stockholders elected two Class III directors to serve until the 2019 annual meeting.
- Ronald E.F. Codd: 440,663,314 votes FOR; 10,572,789 votes WITHHELD; 14,867,082 BROKER NON-VOTES.
- Peter P. Gassner: 448,383,002 votes FOR; 2,852,951 votes WITHHELD; 14,867,052 BROKER NON-VOTES.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of KMPG LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2017.
- Results: 465,650,778 votes FOR; 183,080 votes AGAINST; 269,147 ABSTENTIONS.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Important Facts for Investors
- Both proposals presented at the June 22, 2016 Annual Meeting were approved by stockholders.
- Voting power was weighted: Class A shares carried one vote per share, while Class B shares carried ten votes per share.
- As of the record date, 96,417,278 Class A shares and 38,048,612 Class B shares were outstanding.
- KMPG LLP was ratified as the independent auditor for the fiscal year ending January 31, 2017.