Business Context and Reporting Period
This Form 8-K is a current report filed by The Rubicon Project, Inc. (Note: The request metadata lists "MAGNITE, INC.", but the filing text identifies the registrant as The Rubicon Project, Inc.) on May 26, 2016. The report details the results of the 2016 annual meeting of stockholders held on that date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report regarding shareholder voting results and does not contain financial performance data.
Material Changes
No material financial changes are reported in this filing. The document focuses exclusively on the outcomes of shareholder proposals regarding board elections and auditor ratification.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future financial performance. It reports the successful election of two Class II directors and the ratification of the independent auditor.
Important Facts for Investors to Verify
- Corporate Identity: Verify the relationship between "The Rubicon Project, Inc." (the registrant in this filing) and "MAGNITE, INC." (listed in the request metadata), as the company underwent a name change and merger in subsequent years.
- Board Composition: Confirm the election of Sumant Mandal and Robert F. Spillane as Class II directors, with terms expiring at the 2019 annual meeting.
- Auditor Ratification: Note that stockholders approved the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm.
- Voting Results: Proposal 1 received approximately 33.8 million votes "For" for each nominee, while Proposal 2 received approximately 38.1 million votes "For."