Victory Capital Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K, dated May 17, 2022, reports on the results of the 2022 Annual Meeting of Stockholders held by Victory Capital Holdings, Inc. The company is incorporated in Delaware and trades on the NASDAQ under the symbol VCTR.
Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to reporting corporate governance voting results.
Material Changes
No material financial changes are reported in this filing. The primary event is the completion of the annual shareholder vote.
Management Commentary and Voting Results
The filing details the outcomes of two proposals submitted to security holders:
- Election of Class I Directors:
- Robert V. Delaney, Jr.: Received the highest support with 54,084,768 votes FOR, 1,463,626 AGAINST, and 53,875 ABSTAIN.
- Karin Hirtler-Garvey: Received 49,283,823 votes FOR, 6,271,971 AGAINST, and 46,675 ABSTAIN.
- Lawrence Davanzo: Received 46,621,218 votes FOR, 8,934,376 AGAINST, and 46,675 ABSTAIN.
- All three nominees received significant broker non-votes (3,128,305 each).
- Ratification of Auditors: The appointment of Ernst & Young LLP for the fiscal year ending December 31, 2022, was approved with 58,691,533 votes FOR, 32,692 AGAINST, and 6,349 ABSTAIN. There were no broker non-votes for this item.
Key Facts for Investor Verification
- Verify the final composition of the Board of Directors following the election of the Class I directors.
- Confirm the continued engagement of Ernst & Young LLP as the independent registered public accounting firm.
- Note the significant number of broker non-votes on the director elections, which may indicate specific proxy voting instructions or lack thereof from institutional holders.
- Review the company's subsequent 10-Q or 10-K filings for the financial metrics absent from this 8-K.