Business Context and Reporting Period
Grid Dynamics Holdings, Inc. filed this Form 8-K regarding its 2021 Annual Meeting of Stockholders, held on December 20, 2021. The report was signed and dated December 22, 2021. The company’s common stock trades on Nasdaq under the symbol GDYN.
Holders of 61,667,307 shares, representing 94.51% of voting power as of the October 28, 2021 record date, were present in person or by proxy, establishing a quorum.
Financial and Operating Metrics
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics.
Material Changes Versus Prior Period
The filing reports corporate governance actions and does not disclose material changes in financial performance, operations, capital structure, or liquidity versus a prior comparable period.
Meeting Results, Outlook, and Risks
| Proposal | Result | Vote Details |
|---|---|---|
| Election of Lloyd Carney as Class II director, serving until the 2024 Annual Meeting | Approved | 39,757,295 for; 16,925,783 withheld; 4,984,229 broker non-votes |
| Election of Yueou Wang as Class II director, serving until the 2024 Annual Meeting | Approved | 52,698,554 for; 3,984,524 withheld; 4,984,229 broker non-votes |
| Election of Michael Southworth as Class II director, serving until the 2024 Annual Meeting | Approved | 55,806,544 for; 876,534 withheld; 4,984,229 broker non-votes |
| Ratification of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2021 | Approved | 61,564,129 for; 822 against; 102,356 abstentions; no broker non-votes |
The filing provides no management guidance, business outlook, contingencies, unusual items, or specific risk disclosures.
Key Facts for Investors to Verify
- Confirm the election and expected terms of the three Class II directors.
- Confirm Grant Thornton LLP’s appointment for the fiscal year ending December 31, 2021.
- Review the company’s periodic financial filings for revenue, profitability, cash flow, debt, liquidity, and outlook, which are not included in this 8-K.
- Note the 4,984,229 broker non-votes reported for each director election.