MediaAlpha, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers the results of the annual meeting of stockholders held on May 19, 2022. MediaAlpha, Inc. is a Delaware corporation with its principal executive offices in Los Angeles, California. The company's Class A common stock trades on the New York Stock Exchange under the symbol "MAX."
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 and voting outcomes rather than financial performance.
Material Changes and Voting Results
Approximately 96% of the total shares entitled to vote were present at the meeting. The following proposals were approved:
- Proposal 1 (Director Election): David Lowe, Jennifer Moyer, and Steven Yi were elected as Class II directors for a three-year term expiring in 2025. All three nominees received a majority of votes cast.
- Proposal 2 (Auditor Ratification): The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022, was ratified.
- Proposal 3 (Say-on-Pay): The advisory approval of the compensation of named executive officers for fiscal 2021 was approved.
- Proposal 4 (Say-on-Pay Frequency): Stockholders voted to hold future advisory votes on executive compensation annually, with 40,394,452 votes cast for the annual frequency option.
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
- Three new directors were elected to serve until the 2025 annual meeting.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2022.
- Stockholders voted to conduct annual advisory votes on executive compensation.
- Shareholder participation was high, with approximately 96% of eligible shares represented at the meeting.