Grid Dynamics Holdings, Inc. — Form 8-K Summary
Business Context and Reporting Period
The Form 8-K reports matters voted on at the Company’s 2022 Annual Meeting of Stockholders, held December 22, 2022. The filing was signed and dated December 28, 2022. Grid Dynamics’ common stock trades on Nasdaq under the symbol GDYN.
- 68,058,608 shares were present in person or by proxy, representing 91.97% of voting power as of the November 4, 2022 record date.
- A quorum was present.
Financial and Operating Metrics
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, balance-sheet, or other operating performance metrics.
Material Changes Versus the Prior Comparable Period
The filing does not report comparative financial or operating results, material changes in business performance, or changes in financial condition.
Meeting Results, Outlook, Risks, and Unusual Items
- Stockholders elected three Class III director nominees to serve until the 2025 Annual Meeting:
- Eric Benhamou: 46,421,001 votes for, 15,241,463 withheld, and 6,396,144 broker non-votes.
- Weihang Wang: 58,504,148 votes for, 3,158,316 withheld, and 6,396,144 broker non-votes.
- Patrick Nicolet: 60,613,190 votes for, 1,049,274 withheld, and 6,396,144 broker non-votes.
- Stockholders ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022: 67,589,829 votes for, 465,838 against, 2,941 abstentions, and no broker non-votes.
- The filing provides no management guidance, financial outlook, risk update, contingency disclosure, or unusual-item discussion.
Important Facts for Investors to Verify
- Confirm the elected directors’ final board roles and committee assignments in subsequent company disclosures.
- Review the Company’s fiscal 2022 annual report for financial results, liquidity, debt, cash flow, risks, and auditor conclusions.
- Note that the report date is December 22, 2022, while the signature date is December 28, 2022.
- Consider the level of broker non-votes in the director elections when evaluating voting support.