Business Context and Reporting Period
Porch Group, Inc. filed this Form 8-K regarding its Annual Meeting of Stockholders held on June 8, 2023. The report was signed and filed on June 13, 2023. Of 97,226,396 shares outstanding as of the record date, 80,997,974 shares, or 83.31%, were present virtually or represented by proxy.
Meeting Results and Key Corporate Actions
| Matter | Result |
|---|---|
| Election of Matthew Ehrlichman | Elected director to serve until the 2024 Annual Meeting and until a successor is qualified. |
| Election of Maurice Tulloch | Elected director to serve until the 2024 Annual Meeting and until a successor is qualified. |
| Ratification of Ernst & Young LLP | Appointment as independent registered public accounting firm for the year ending December 31, 2023 was ratified. |
| Executive compensation | Named executive officer compensation was approved on an advisory, non-binding basis. |
Vote Details
| Matter | For | Against | Withhold/Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Matthew Ehrlichman | 63,777,415 | — | 1,719,332 withheld | 15,501,227 |
| Maurice Tulloch | 63,755,196 | — | 1,741,551 withheld | 15,501,227 |
| Ernst & Young LLP ratification | 79,732,005 | 517,329 | 748,640 abstain | — |
| Executive compensation | 45,726,618 | 19,537,670 | 232,459 abstain | 15,501,227 |
Financial Metrics and Material Period Changes
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, guidance, or other operating and financial metrics. It also does not describe material changes versus a prior comparable period.
Outlook, Risks, and Unusual Items
The filing contains no management outlook, risk updates, contingencies, or unusual financial items. The executive compensation vote was advisory and non-binding.
Important Facts to Verify
- Confirm the elected directors’ continuing service and board composition following the 2023 Annual Meeting.
- Confirm Ernst & Young LLP’s appointment for the year ending December 31, 2023.
- Review the company’s other filings for financial performance, liquidity, debt, guidance, and risk disclosures, which are not included in this 8-K.
- Note that 83.31% of outstanding shares were represented at the meeting and that executive compensation received advisory approval with 45,726,618 votes for and 19,537,670 against.