Business Context and Reporting Period
This Form 8-K reports on the results of the 2022 Annual Meeting of Stockholders for Artisan Partners Asset Management Inc., held on June 2, 2022. The filing details the outcomes of four specific matters submitted to a vote by security holders.
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 rather than financial performance data.
Material Changes and Voting Results
The following matters were voted upon at the annual meeting:
- Election of Directors: All eight nominees were re-elected. The highest number of "For" votes was received by Stephanie G. DiMarco (65,156,267), while the lowest was Tench Coxe (63,408,236). Broker non-votes totaled 6,616,661 for each nominee.
- Advisory Vote on Executive Compensation: The proposal was approved with 49,176,810 votes "For" and 16,485,881 votes "Against".
- Frequency of Executive Compensation Advisory Vote: Stockholders voted to hold this advisory vote every one year, with 62,884,882 votes in favor of the one-year frequency.
- Ratification of Auditors: The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2022 was ratified with 70,102,743 votes "For".
Guidance, Outlook, and Management Commentary
The Board of Directors stated its current intention to hold an executive compensation advisory vote every year, aligning with the stockholder vote results. No specific financial guidance, outlook, or discussion of risks and contingencies is included in this filing.
Important Facts for Investors to Verify
- Verify the full proxy statement dated April 18, 2022, for detailed background on the director nominees and executive compensation proposals.
- Note the significant number of votes cast "Against" the executive compensation proposal (approximately 25% of the votes cast excluding abstentions and broker non-votes).
- Confirm the re-election of the entire board of directors, including the specific vote counts for each nominee.
- Review the ratification of PricewaterhouseCoopers LLP as the independent auditor for the 2022 fiscal year.