Five9, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated May 16, 2023, details the results of Five9, Inc.'s 2023 Annual Meeting of Stockholders. The meeting was held on May 16, 2023, with a record date of March 20, 2023.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report focused on shareholder voting outcomes.
Material Changes and Voting Results
A total of 64,554,189 shares, representing 90% of the common stock outstanding, were represented at the meeting. The following matters were voted upon:
- Election of Directors: Two Class III directors were elected to serve until the 2026 annual meeting.
- Michael Burkland: 56,936,346 shares For; 2,744,650 shares Withheld.
- Robert Zollars: 38,847,191 shares For; 20,833,805 shares Withheld.
- Advisory Vote on Executive Compensation: Stockholders approved the compensation of named executive officers.
- Votes For: 33,981,822
- Votes Against: 25,646,983
- Votes Abstained: 52,191
- Ratification of Independent Auditor: Stockholders ratified the appointment of KPMG LLP for the fiscal year ending December 31, 2023.
- Votes For: 64,205,766
- Votes Against: 307,955
- Votes Abstained: 40,468
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the procedural outcomes of the annual meeting.
Key Facts for Investor Verification
- Verify the significant number of shares withheld against the election of Robert Zollars (20.8 million) compared to Michael Burkland (2.7 million).
- Note the substantial "Against" vote on executive compensation (25.6 million shares), indicating notable shareholder dissent on pay practices.
- Confirm the high level of shareholder participation, with 90% of outstanding stock represented at the meeting.
- Check subsequent filings (e.g., 10-Q or 10-K) for the financial metrics absent in this 8-K.