Grocery Outlet Holding Corp. Form 8-K Summary
Business Context and Reporting Period
Grocery Outlet Holding Corp. filed this Form 8-K regarding its annual meeting of stockholders held on June 7, 2021. The filing was signed on June 10, 2021. The company’s common stock trades on Nasdaq under the symbol GO.
Financial and Operating Metrics
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating financial metrics.
Material Changes and Voting Results
- Mary Kay Haben, Gail Moody-Byrd, S. MacGregor Read, Jr., and Jeffrey York were re-elected as Class II directors, each to serve until the 2024 annual meeting or until a successor is elected and qualified.
- Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 1, 2022, with 91,899,179 votes for, 250,565 against, and 22,221 abstentions.
- The non-binding advisory resolution approving named executive officer compensation for the fiscal year ended January 2, 2021 was approved with 78,682,849 votes for, 11,119,004 against, 25,086 abstentions, and 2,345,026 broker non-votes.
- Director vote totals included broker non-votes of 2,345,026 for each nominee. Jeffrey York received 47,550,577 votes for and 42,276,362 votes withheld, representing the largest withhold total among the nominees.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, operating outlook, management commentary, contingencies, or unusual financial items. The principal disclosed governance matter is the relatively high number of votes withheld from certain director nominees, particularly Jeffrey York.
Investor Verification Checklist
- Verify the final composition and terms of the Class II director group following the 2021 annual meeting.
- Confirm Deloitte & Touche LLP’s appointment for the fiscal year ending January 1, 2022.
- Review the detailed director vote totals, including withheld votes and broker non-votes.
- Assess the advisory compensation vote alongside the company’s proxy statement and executive compensation disclosures.