Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders held by Aspen Aerogels, Inc. on June 1, 2021. The meeting was conducted via live audio webcast. As of the record date of April 5, 2021, there were 28,345,159 shares of common stock issued and outstanding eligible to vote.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
A quorum of 25,381,972 shares (89.5% of eligible shares) was present at the meeting. The following actions were taken:
- Director Elections: Rebecca B. Blalock and Robert M. Gervis were reelected as Class I Directors.
- Rebecca B. Blalock: 18,752,219 votes For; 3,455,579 votes Withheld.
- Robert M. Gervis: 16,770,874 votes For; 5,436,924 votes Withheld.
- Independent Auditor Ratification: Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
- For: 25,336,369
- Against: 42,793
- Abstain: 2,810
- Executive Compensation Advisory Vote: Stockholders approved the compensation of named executive officers in a non-binding advisory vote.
- For: 22,079,105
- Against: 124,257
- Abstain: 4,436
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the continued service of Class II and Class III directors (Mark L. Noetzel, William P. Noglows, Steven R. Mitchell, Richard F. Reilly, and Donald R. Young) as noted in the filing.
- Confirm the ratification of KPMG LLP as the auditor for the fiscal year ending December 31, 2021.
- Note the significant number of broker non-votes (3,174,174) recorded for the director elections and executive compensation vote.
- Review the 2021 proxy statement for detailed executive compensation disclosures referenced in the advisory vote.