Business Context and Reporting Period
This Form 8-K filing by Ooma, Inc. reports the results of the Annual Meeting of Stockholders held on June 6, 2018. The company is incorporated in Delaware and maintains its principal executive offices in Sunnyvale, California.
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.
Material Changes
There are no material financial changes reported in this filing. The document details the successful election of directors and the ratification of the independent auditor.
Guidance, Outlook, and Voting Results
Stockholders holding approximately 82.93% of total outstanding shares (16,167,693 shares) were present in person or by proxy. The following proposals were approved:
- Proposal No. 1: Election of Directors
- Alison Davis: 10,334,014 For; 1,612,858 Withheld
- Andrew Galligan: 10,060,679 For; 1,886,193 Withheld
- William D. Pearce: 10,334,071 For; 1,612,801 Withheld
- Broker Non-Votes: 4,220,821
- Proposal No. 2: Ratification of Auditor
- Deloitte & Touche LLP was ratified for the fiscal year ending January 31, 2019.
- Votes: 15,883,128 For; 15,658 Against; 268,907 Abstain.
- There were no broker non-votes on this proposal.
Key Facts for Investor Verification
- Attendance at the Annual Meeting represented 82.93% of outstanding shares.
- All three Class III director nominees were elected.
- Deloitte & Touche LLP was ratified as the independent auditor for the upcoming fiscal year.
- Significant broker non-votes (4,220,821) occurred on the director election but not on the auditor ratification.