Business Context and Reporting Period
This Form 8-K filing by CALIX, INC. reports on the results of the Annual Meeting of Stockholders held on May 25, 2011. The report was filed on May 27, 2011, pursuant to Item 5.07 regarding the submission of matters to a vote of security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report and does not contain financial performance data.
Material Changes and Voting Results
Stockholders voted on four proposals at the Annual Meeting. The results were as follows:
- Proposal 1 (Election of Directors):
- Michael Matthews: Elected with 31,696,493 votes For, 35,389 Withheld, and 7,576,762 Broker Non-Votes.
- Thomas Pardun: Elected with 31,239,363 votes For, 492,519 Withheld, and 7,576,762 Broker Non-Votes.
- Proposal 2 (Say-on-Pay): Approved on a non-binding advisory basis with 31,599,070 votes For, 122,812 Against, and 10,000 Abstained.
- Proposal 3 (Say-on-Pay Frequency): Stockholders voted for an annual frequency (One Year) with 31,245,104 votes, compared to 4,103 for Two Years and 472,973 for Three Years.
- Proposal 4 (Ratification of Auditors): Ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2011, with 39,170,036 votes For, 48,058 Against, and 90,550 Abstained.
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
- Confirmation that Michael Matthews and Thomas Pardun were elected to the Board of Directors.
- Verification that the "Say-on-Pay" advisory vote was approved by a significant majority.
- Confirmation that stockholders selected an annual frequency for future Say-on-Pay votes.
- Verification that Ernst & Young LLP was ratified as the independent auditor for the 2011 fiscal year.