SEC Filing Summary: SYNNEX CORPORATION (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed on March 23, 2018, reporting events from the Annual Meeting of Stockholders held on March 20, 2018. The registrant, SYNNEX CORPORATION (now TD SYNNEX CORP), is incorporated in Delaware and headquartered in Fremont, 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 and voting results.
Material Changes and Voting Results
The filing details the outcomes of four proposals voted upon by security holders:
- Proposal 1 (Election of Directors): Eleven directors were elected to serve until the 2019 Annual Meeting. All nominees received significant support, though Matthew Miau received a notable number of "Against" votes (10,636,638) compared to other nominees.
- Proposal 2 (Executive Compensation): The advisory vote to approve executive compensation passed with 35,053,900 votes "For" and 485,233 "Against".
- Proposal 3 (Stock Incentive Plan): The approval of performance goals under the 2013 Stock Incentive Plan passed with 35,251,202 votes "For" and 292,195 "Against".
- Proposal 4 (Auditor Ratification): The selection of KPMG LLP as the independent registered public accountant was ratified with 37,635,356 votes "For" and 13,806 "Against".
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
- Verify the specific reasons for the high number of "Against" votes cast for director nominee Matthew Miau.
- Confirm the total number of shares outstanding and voting power represented by the "Broker Non-Votes" (approx. 2.1 million) to assess the impact on quorum and voting thresholds.
- Review the full proxy statement for details on the performance goals approved under the 2013 Stock Incentive Plan.
- Check subsequent filings for the official appointment of KPMG LLP following the ratification vote.