Business Context and Reporting Period
This Form 8-K filing by Box, Inc. (NYSE: BOX) reports on the results of the Annual Meeting of Stockholders held on July 15, 2020. The filing details the voting outcomes for three specific proposals submitted to shareholders.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a current report regarding corporate governance and shareholder voting results.
Material Changes and Voting Results
Shareholders representing more than 80% of the voting power (124,256,607 votes) were present, constituting a quorum. The results for the three proposals were as follows:
- Election of Directors: All three Class III nominees were elected. Carl Bass and Jack Lazar received overwhelming support (over 101 million votes each), while Sue Barsamian received 74,721,070 votes for, with 28,524,017 votes withheld.
- Advisory Vote on Executive Compensation: The proposal was approved with 102,010,741 votes in favor, 1,057,363 against, and 176,983 abstentions.
- Ratification of Auditors: The appointment of Ernst & Young LLP for the fiscal year ending January 31, 2021, was ratified with 123,318,689 votes in favor, 793,348 against, and 144,570 abstentions.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It serves solely to disclose the final tally of the shareholder vote.
Key Facts for Investor Verification
- Verify the specific terms of the executive compensation plan referenced in the advisory vote by reviewing the definitive proxy statement filed on May 28, 2020.
- Note the significant number of votes withheld for director nominee Sue Barsamian (28.5 million) compared to the other nominees.
- Confirm that Ernst & Young LLP is the appointed auditor for the fiscal year ending January 31, 2021.
- Recognize that this filing does not provide any operational or financial updates for the company.