Five9, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Five9, Inc. on May 16, 2017, regarding events occurring on May 15, 2017. The filing documents the results of the Company's 2017 Annual Meeting of Stockholders held in San Ramon, California.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a report on corporate governance voting results.
Material Changes and Voting Results
Two proposals were voted upon at the Annual Meeting, with 50,790,657 shares (93% of outstanding common stock) represented:
- Election of Directors: All three Class III nominees were elected to serve until the 2020 annual meeting.
- Kimberly Alexy: 30,740,265 shares For; 14,803,885 shares Withheld; 5,246,507 Broker Non-Votes.
- Michael Burkland: 34,554,504 shares For; 10,989,646 shares Withheld; 5,246,507 Broker Non-Votes.
- Robert Zollars: 32,542,418 shares For; 13,001,732 shares Withheld; 5,246,507 Broker Non-Votes.
- Ratification of Auditors: The appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2017, was ratified.
- Votes For: 50,778,404
- Votes Against: 12,151
- Votes Abstained: 102
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that KPMG LLP is the appointed auditor for the fiscal year ending December 31, 2017.
- Verification of the new board composition following the election of Kimberly Alexy, Michael Burkland, and Robert Zollars.
- Review of the significant number of shares withheld for the director elections, particularly for Kimberly Alexy (approx. 32% of votes cast were withheld).