CDW Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of stockholders held by CDW Corporation on May 21, 2019, in Lincolnshire, Illinois. The filing covers the submission of matters to a vote of security holders (Item 5.07).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting outcomes.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The document serves to disclose the final voting results for the 2019 annual meeting.
Management Commentary and Governance Outcomes
The stockholders approved three key matters:
- Election of Directors: Four Class III Directors were elected with terms expiring at the 2020 Annual Meeting. All candidates received significant majority support.
- Executive Compensation: The advisory vote on the compensation of named executive officers was approved.
- Auditor Ratification: The selection of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2019, was ratified.
Investor Verification Checklist
- Verify the specific terms and qualifications of the newly elected Class III Directors (Lynda M. Clarizio, Christine A. Leahy, Thomas E. Richards, Joseph R. Swedish).
- Review the proxy statement for details on the executive compensation package approved by shareholders.
- Confirm the engagement letter and scope of work with Ernst & Young LLP for the 2019 fiscal year.
- Note the number of broker non-votes (6,682,087) which did not affect the outcome but indicate shares held in street name where brokers lacked discretionary authority.