Grid Dynamics Holdings, Inc. — Form 8-K Summary
Business Context and Reporting Period
Grid Dynamics Holdings, Inc. filed a Form 8-K regarding its 2020 Annual Meeting of Stockholders held on December 15, 2020. The filing was signed on December 18, 2020. The company’s common stock traded under GDYN and its redeemable warrants under GDYNW on Nasdaq.
Annual Meeting Results
Holders of 49,840,500 shares, representing 97.99% of voting power as of the October 23, 2020 record date, were present in person or by proxy, constituting a quorum.
| Proposal | Result | Vote Details |
|---|---|---|
| Election of Leonard Livschitz | Elected Class I director through the 2023 annual meeting | 42,245,020 for; 6,036,365 withheld; 1,559,115 broker non-votes |
| Election of Shuo Zhang | Elected Class I director through the 2023 annual meeting | 42,257,095 for; 6,024,290 withheld; 1,559,115 broker non-votes |
| Election of Marina Levinson | Elected Class I director through the 2023 annual meeting | 48,252,423 for; 28,962 withheld; 1,559,115 broker non-votes |
| Ratification of Grant Thornton LLP | Approved as independent registered public accounting firm for fiscal 2020 | 49,767,578 for; 46,250 against; 26,672 abstentions; 1 broker non-vote |
Financial Metrics, Guidance, and Risks
The filing is limited to shareholder voting matters and does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, outlook, management commentary, or financial contingencies. No unusual financial items are disclosed.
Material Changes Versus Prior Period
No operating or financial changes versus a prior comparable period are reported. The material developments are the election of three Class I directors and stockholder ratification of the independent auditor.
Key Facts for Investors to Verify
- Confirm the elected directors’ service terms through the 2023 annual meeting.
- Verify Grant Thornton LLP’s appointment for the fiscal year ended December 31, 2020.
- Review the company’s subsequent filings for financial results, liquidity, operating outlook, and any governance changes.
- Note the filing’s December 15 report date and December 18 signature date.