Okta, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated June 16, 2020, details the results of Okta, Inc.'s 2020 Annual Meeting of Stockholders. The meeting was held on June 16, 2020, with a record date of April 20, 2020. A quorum was established with 113,706,026 shares present, representing 189,536,347 total votes.
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 rather than financial performance.
Material Changes and Voting Results
Stockholders voted on three proposals, all of which were approved:
- Proposal 1 (Election of Directors): Four Class III directors were elected to serve until the 2023 annual meeting.
- Shellye Archambeau: 153,727,493 votes For.
- Robert L. Dixon, Jr.: 153,960,976 votes For.
- Patrick Grady: 153,970,975 votes For.
- Ben Horowitz: 153,140,177 votes For.
- 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.
- For: 189,117,471
- Against: 294,633
- Abstain: 124,243
- Proposal 3 (Executive Compensation): Stockholders approved the advisory non-binding vote on the compensation of Named Executive Officers.
- For: 162,308,619
- Against: 4,030,644
- Abstain: 2,605,304
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
- Confirmation that the four elected directors (Archambeau, Dixon, Grady, Horowitz) will serve until the 2023 annual meeting.
- Verification of the ratification of Ernst & Young LLP as the auditor for the fiscal year ending January 31, 2021.
- Review of the 2020 Proxy Statement (filed May 5, 2020) for detailed compensation data referenced in Proposal 3.
- Confirmation of the dual-class voting structure where Class B shares carry ten votes per share versus one vote for Class A shares.