Filing Summary
Business Context and Reporting Period
StepStone Group Inc. filed this Form 8-K regarding its 2021 Annual Meeting of Stockholders held on September 24, 2021. The report was signed and filed on September 27, 2021. The filing addresses director elections and ratification of the independent registered public accounting firm for the fiscal year ending March 31, 2022.
Financial and Capital Markets Information
The filing does not provide revenue, earnings, cash flow, margins, debt, liquidity, or other operating financial metrics.
| Item | Reported information |
|---|---|
| Class A common stock outstanding at July 26, 2021 | 40,335,938 shares; one vote per share |
| Class B common stock outstanding at July 26, 2021 | 54,480,393 shares; five votes per share |
| Total votes eligible | 312,737,903 |
| Votes represented at the meeting | 310,022,896 |
Material Changes and Meeting Results
- Monte M. Brem was elected as a Class I director for a three-year term expiring at the 2024 annual meeting.
- Valerie G. Brown was elected as a Class I director for a three-year term expiring at the 2024 annual meeting.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending March 31, 2022.
| Proposal | For | Against or withheld | Other |
|---|---|---|---|
| Monte M. Brem election | 286,462,774 | 22,116,041 withheld | 1,444,081 broker non-votes |
| Valerie G. Brown election | 305,591,933 | 2,986,882 withheld | 1,444,081 broker non-votes |
| Ernst & Young ratification | 309,669,003 | 345,352 | 8,541 abstentions |
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, operating outlook, management commentary, specific risks, contingencies, or unusual financial items. It states that Class A and Class B common stock voted as a single class, with Class B shares carrying five votes per share.
Investor Verification Checklist
- Verify the elected directors’ subsequent service status and the expiration of their terms.
- Confirm Ernst & Young LLP’s appointment and review any subsequent auditor changes or audit-related disclosures.
- Review the company’s capital structure and voting rights, particularly the five-to-one voting ratio for Class B shares.
- Consult the company’s periodic financial filings for revenue, profitability, cash flow, debt, liquidity, and forward guidance, none of which are included in this 8-K.