Ranpak Holdings Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated May 25, 2023, details the results of Ranpak Holdings Corp.'s annual meeting of stockholders held on that date. The filing covers the submission of matters to a vote of security holders, including the election of directors, ratification of the independent auditor, and an advisory vote on executive compensation.
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 and does not contain financial performance data.
Material Changes and Voting Results
The following proposals were submitted to stockholders with the following outcomes:
- Proposal 1: Election of Directors
- Michael Gliedman: Elected with 60,470,493 votes for and 12,534,084 votes withheld.
- Alicia Tranen: Elected with 52,075,841 votes for and 20,928,736 votes withheld.
- Total broker non-votes: 3,164,131.
- Proposal 2: Ratification of Independent Auditor
- KPMG LLP was approved for the 2023 fiscal year.
- Votes: 76,111,701 in favor, 47,679 against, and 9,328 abstained.
- Proposal 3: Executive Compensation (Say-on-Pay)
- The advisory resolution was approved.
- Votes: 50,740,257 in favor, 22,240,881 against, and 23,439 abstained.
- Total broker non-votes: 3,164,131.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the tabulation of votes cast at the annual meeting.
Investor Verification Checklist
- Verify the final composition of the Board of Directors following the election of Class I Directors.
- Confirm the appointment of KPMG LLP as the independent registered public accounting firm for the 2023 fiscal year.
- Note the significant number of votes withheld for Alicia Tranen (approx. 28.7% of votes cast) and the substantial "against" votes for executive compensation (approx. 30.5% of votes cast).
- Review the company's 10-K or 10-Q filings for financial metrics, as this 8-K contains no financial data.