Business Context and Reporting Period
This Form 8-K filing by Veeva Systems Inc. reports on the Annual Meeting of Stockholders held on June 25, 2020. The company is incorporated in Delaware and its Class A common stock trades on the New York Stock Exchange under the symbol VEEV.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
Stockholders voted on two proposals at the Annual Meeting. As of the record date (May 1, 2020), there were 134,844,358 shares of Class A common stock and 15,185,511 shares of Class B common stock outstanding. Class B shares carried ten votes per share, while Class A shares carried one vote per share.
Proposal 1: Election of Directors
Three nominees were elected to serve as Class I directors until the 2023 annual meeting. The voting results were as follows:
| Nominee | For | Withhold | Broker Non-Votes |
|---|---|---|---|
| Mark Carges | 259,487,789 | 1,197,169 | 14,104,078 |
| Paul E. Chamberlain | 260,129,087 | 555,871 | 14,104,078 |
| Paul Sekhri | 216,342,219 | 44,342,739 | 14,104,078 |
Proposal 2: Ratification of Auditors
Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2021.
| Vote Type | Count |
|---|---|
| For | 273,703,375 |
| Against | 937,565 |
| Abstain | 148,096 |
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. It strictly reports the outcomes of the shareholder vote.
Investor Verification Checklist
- Verify the definitive proxy statement (Schedule 14A) filed on May 12, 2020, for detailed biographies of the elected directors and the rationale for the auditor appointment.
- Confirm the dual-class voting structure impact, noting that Class B shares held by insiders or early investors carry 10x voting power compared to Class A shares.
- Review the company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains no financial metrics.