Business Context and Reporting Period
This Form 8-K filing by ShotSpotter, Inc. (SSTI) reports on the 2020 Annual Meeting of Stockholders held on June 10, 2020. The company is incorporated in Delaware and trades on the Nasdaq Capital Market. The report details the certified voting results for two proposals submitted to security holders.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
No material financial changes are reported in this filing. The document focuses exclusively on the outcomes of the stockholder vote, noting that a quorum was present and both proposals were approved.
Outlook, Risks, and Management Commentary
Management commentary is limited to the announcement of the voting results. The stockholders ratified the selection of Baker Tilly Virchow Krause, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2020. No specific risks, contingencies, or forward-looking guidance are detailed in this specific report.
Investor Verification Checklist
- Verify the election of Class III directors Ralph A. Clark and Marc Morial, who will serve until the 2023 Annual Meeting.
- Confirm the ratification of Baker Tilly Virchow Krause, LLP as the independent auditor for the 2020 fiscal year.
- Note the significant number of broker non-votes (2,864,662) recorded for the director election proposal.
- Review the definitive proxy statement on Schedule 14A filed on April 28, 2020, for detailed background on the proposals.