Neuronetics, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Neuronetics, Inc. on June 2, 2021, regarding events occurring on May 27, 2021. The filing details the results of the Company's 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 report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
A total of 20,081,261 shares of common stock, representing approximately 78.03% of shares outstanding and eligible to vote, were represented at the meeting, constituting a quorum.
Proposal 1: Election of Directors
All nominees were elected to serve one-year terms. The voting results were as follows:
| Nominee | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| John Bakewell | 17,788,947 | 136,749 | 2,155,565 |
| Robert Cascella | 17,923,420 | 2,276 | 2,155,565 |
| Sheryl Conley | 13,773,811 | 4,151,885 | 2,155,565 |
| Wilfred Jaeger | 17,724,293 | 201,403 | 2,155,565 |
| Glenn Muir | 17,788,908 | 136,788 | 2,155,565 |
| Bruce Shook | 12,473,496 | 5,452,200 | 2,155,565 |
| Keith J. Sullivan | 17,704,798 | 220,898 | 2,155,565 |
Proposal 2: Ratification of Independent Auditor
Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
| For | Against | Abstained |
|---|---|---|
| 19,951,921 | 123,333 | 6,007 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to confirm the 78.03% participation rate.
- Note the significant number of "Withheld" votes for directors Sheryl Conley (4.15M) and Bruce Shook (5.45M) compared to other nominees.
- Confirm the term length for the newly elected directors is one year until the 2022 Annual Meeting.
- Verify the fiscal year end date of December 31, 2021, for the ratified auditor appointment.