Workday, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of Workday, Inc.'s Annual Meeting of Stockholders held on June 18, 2019. The filing details the voting outcomes for three specific proposals submitted to shareholders.
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 quorum was established with 215,631,349 shares present, representing 98.36% of eligible votes. All three proposals were approved by the stockholders.
- Proposal 1: Election of Directors Three Class I directors were elected to serve until the 2022 annual meeting.
- Carl M. Eschenbach: 773,616,717 votes For; 157,076 votes Withheld.
- Michael M. McNamara: 748,225,916 votes For; 25,547,877 votes Withheld.
- Jerry Yang: 772,896,917 votes For; 876,876 votes Withheld.
- Proposal 2: Ratification of Auditors Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2020.
- Votes For: 790,609,360
- Votes Against: 1,013,090
- Abstentions: 125,935
- Proposal 3: Advisory Vote on Executive Compensation Stockholders voted in favor of the advisory vote regarding named executive officer compensation.
- Votes For: 759,583,201
- Votes Against: 13,962,409
- Abstentions: 228,183
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 tenure of the newly elected directors (Carl M. Eschenbach, Michael M. McNamara, and Jerry Yang) through the 2022 annual meeting.
- Confirm the engagement of Ernst & Young LLP for the fiscal year ending January 31, 2020.
- Note the level of support for executive compensation, with approximately 98.2% of votes cast in favor.
- Review the definitive proxy statement filed on April 26, 2019, for detailed descriptions of the proposals.