Workday, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Workday, Inc. on May 23, 2013, in San Ramon, California. The filing details the certified voting results for three proposals submitted to security holders.
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 outcomes.
Material Changes and Voting Results
Stockholders representing 149,101,622 shares (92.72% of eligible votes) participated in the meeting. All three proposals were approved:
- Election of Directors: Two Class I directors were elected to serve until the 2016 annual meeting.
- A. George ("Skip") Battle: 99.78% of votes in favor.
- Michael M. McNamara: 99.98% of votes in favor.
- Ratification of Auditors: Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 31, 2014, with 99.99% of votes in favor.
- Equity Incentive Plan: Stockholders reapproved the Internal Revenue Code Section 162(m) limits of the 2012 Equity Incentive Plan to preserve corporate income tax deductions, with 97.94% of votes in favor.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, management outlook, specific risks, or contingencies beyond the standard governance matters addressed at the annual meeting.
Key Facts for Investor Verification
- Verify the specific terms of the 2012 Equity Incentive Plan regarding Section 162(m) limits.
- Confirm the tenure and responsibilities of the newly elected Class I directors.
- Review the definitive proxy statement filed on April 2, 2013, for detailed background on the proposals.