Red Violet, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers the 2023 Annual Meeting of Stockholders held by Red Violet, Inc. on May 31, 2023. The Company is incorporated in Delaware and its common stock trades on The NASDAQ Stock Market LLC under the symbol "RDVT".
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
The Annual Meeting represented 12,849,917 shares of the 13,961,643 shares outstanding. The following matters were voted upon:
- Election of Directors: All five nominees were elected. Derek Dubner received the highest support (11,370,389 For votes), while Steven Rubin received the lowest (9,650,671 For votes) with 1,750,744 votes withheld.
- Ratification of Auditors: Stockholders ratified the appointment of Grant Thornton, LLP as the independent public accounting firm for 2023. The vote was overwhelmingly in favor (12,840,696 For vs. 2,540 Against).
- Say on Pay: Stockholders approved the 2022 executive compensation on an advisory basis. The vote was 11,248,251 For, 151,096 Against, and 2,068 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to report the outcomes of the shareholder vote.
Key Facts for Investor Verification
- Verify the final composition of the Board of Directors following the election of Derek Dubner, Peter Benz, Steven Rubin, Lisa Stanton, and Robert Swayman.
- Confirm the engagement of Grant Thornton, LLP as the independent auditor for the fiscal year ending December 31, 2023.
- Note the significant number of broker non-votes (1,448,502) recorded for the director elections and Say on Pay proposal.
- Review the proxy statement referenced in the filing for detailed executive compensation data related to the 2022 Say on Pay vote.