Varonis Systems Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2021 Annual Meeting of Stockholders held by Varonis Systems, Inc. on May 25, 2021. The filing details the voting outcomes for three proposals regarding board elections, executive compensation, and the ratification of the independent auditor.
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 voting results.
Material Changes and Voting Results
The following proposals were voted upon at the Annual Meeting:
- Proposal 1 (Election of Directors): All three nominees were elected to the Board of Directors to serve until the 2024 Annual Meeting.
- Gili Iohan: 84,465,486 For; 3,793,889 Withheld.
- Rachel Prishkolnik: 86,505,498 For; 1,753,877 Withheld.
- Ofer Segev: 73,821,284 For; 14,438,091 Withheld.
- Proposal 2 (Executive Compensation): The advisory vote to approve executive compensation passed.
- For: 74,286,044
- Against: 13,636,216
- Abstain: 337,115
- Proposal 3 (Ratification of Auditor): The appointment of Kost Forer Gabbay & Kasierer (Ernst & Young Global Limited) as the independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified.
- For: 90,285,588
- Against: 2,640,954
- Abstain: 139,560
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
- Verify the tenure of the newly elected directors (Gili Iohan, Rachel Prishkolnik, Ofer Segev) through the 2024 Annual Meeting.
- Note the significant "Against" vote (approximately 15.5%) on the executive compensation advisory proposal.
- Confirm the appointment of Kost Forer Gabbay & Kasierer as the auditor for the fiscal year ending December 31, 2021.
- Review the Definitive Proxy Statement filed on April 12, 2021, for detailed context on the proposals and executive compensation.