Yext, Inc. current report, 13 June 2023

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Yext, Inc. 8-K Summary: Annual Meeting Results

Business Context and Reporting Period

This Form 8-K reports the results of the annual meeting of stockholders held on June 13, 2023. The filing covers the election of Class III directors, the ratification of the independent auditor, and the advisory vote on executive compensation.

Key Financial Metrics

The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting outcomes.

Material Changes and Voting Results

The following proposals were voted upon by stockholders of record as of April 17, 2023:

  • Proposal 1: Election of Class III Directors
    • Andrew Sheehan: 47,433,336 For; 28,692,207 Withheld; 17,188,903 Broker Non-Votes.
    • Jesse Lipson: 73,754,638 For; 2,370,905 Withheld; 17,188,903 Broker Non-Votes.
    • Tamar Yehoshua: 74,624,649 For; 1,500,894 Withheld; 17,188,903 Broker Non-Votes.
    • All three nominees were elected to serve three-year terms expiring at the 2026 annual meeting.
  • Proposal 2: Ratification of Independent Auditor
    • Ernst & Young LLP was ratified for the fiscal year ending January 31, 2024.
    • Vote Count: 93,068,772 For; 122,751 Against; 122,923 Abstain.
  • Proposal 3: Advisory Vote on Executive Compensation
    • Compensation of named executive officers was approved on a non-binding basis.
    • Vote Count: 72,770,052 For; 3,251,240 Against; 104,251 Abstain; 17,188,903 Broker Non-Votes.

Guidance, Outlook, and Risks

The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.

Investor Verification Checklist

  • Verify the significant number of "Withheld" votes for director nominee Andrew Sheehan (approx. 37% of votes cast excluding broker non-votes) compared to the other nominees.
  • Confirm the total number of shares entitled to vote by cross-referencing the definitive proxy statement filed on April 28, 2023.
  • Review the specific compensation details for named executive officers referenced in the advisory vote.