Business Context and Reporting Period
This Form 8-K filing by Automatic Data Processing, Inc. (ADP) reports on the results of the Annual Meeting of Stockholders held on November 9, 2010. The report was filed on November 11, 2010.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The meeting involved holders of 401,088,841 shares of common stock. Key outcomes included:
- Board of Directors Election: All 11 nominees were elected to the Board of Directors for the ensuing year. Broker non-votes totaled 61,530,490 for each nominee.
- Employee Savings-Stock Purchase Plan: The proposal to amend the plan was approved with 329,190,656 votes "For" versus 9,540,769 "Against".
- Independent Auditor Ratification: The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year beginning July 1, 2010, was ratified with 394,037,354 votes "For" versus 6,280,809 "Against".
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, risk factors, or contingencies.
Investor Verification Checklist
- Verify the composition of the newly elected Board of Directors against the company's latest proxy statement.
- Confirm the specific terms of the amendment to the Employees' Savings-Stock Purchase Plan approved by shareholders.
- Review the engagement letter or subsequent filings to confirm Deloitte & Touche LLP's scope of work for the fiscal year starting July 1, 2010.