SelectQuote, Inc. Form 8-K Summary
Business Context and Reporting Period
SelectQuote, Inc. filed this Form 8-K on November 2, 2021, reporting matters from its 2021 Annual Meeting of Stockholders held October 27, 2021. The filing concerns shareholder voting and does not report quarterly or annual financial results.
- Common shares outstanding at the September 17, 2021 record date: 163,834,166.
- Shares represented at the meeting: 139,708,974, or 85.27% of shares outstanding.
- Common stock trades on the New York Stock Exchange under the symbol SLQT.
Voting Results
| Proposal | Result | Key vote totals |
|---|---|---|
| Election of Earl H. “Trace” Devanny III | Elected as a Class II director to serve until the 2024 annual meeting | 98,972,002 for; 22,179,232 withheld; 18,557,740 broker non-votes |
| Election of Raymond F. Weldon | Elected as a Class II director to serve until the 2024 annual meeting | 98,708,974 for; 22,442,460 withheld; 18,557,740 broker non-votes |
| Ratification of Deloitte & Touche LLP | Approved | 139,520,403 for; 105,947 against; 82,624 abstentions |
| Advisory approval of named executive officer compensation | Approved | 118,396,486 for; 2,212,089 against; 542,659 abstentions; 18,557,740 broker non-votes |
| Advisory vote on frequency of executive compensation votes | Annual frequency selected | 119,739,080 annual; 473,065 every two years; 387,513 every three years; 551,576 abstentions; 18,557,740 broker non-votes |
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating or financial metrics.
Material Changes, Outlook, and Risks
The principal disclosed governance change is that the Company will hold an advisory vote on named executive officer compensation every year. This frequency will continue until the next required frequency vote, which must occur no later than the 2027 annual meeting. The filing does not provide management outlook, risk commentary, contingencies, or unusual financial items.
Investor Verification Items
- Verify the election of the two Class II directors and their terms through the Company’s subsequent proxy or annual report.
- Confirm Deloitte & Touche LLP’s appointment as independent registered public accounting firm for the fiscal year ending June 30, 2022.
- Review subsequent filings for the Company’s response to the advisory executive compensation vote.
- Assess financial performance and liquidity using the Company’s applicable quarterly or annual reports, as this Form 8-K contains no financial statements.