Business Context and Reporting Period
This Form 8-K reports on the 2016 Annual Meeting of Stockholders for Fox Factory Holding Corp., held on May 5, 2016. The filing details the results of shareholder votes on corporate governance matters.
Key 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
A total of 37,029,721 shares were entitled to vote. 33,109,240 shares were present or represented by proxy, representing approximately 89.41% of shares outstanding, establishing a quorum.
Proposal 1: Election of Directors
Stockholders elected the following Class III directors for a three-year term ending at the 2019 Annual Meeting:
- Larry Enterline: 29,410,269 For; 3,115,761 Withheld; 583,210 Broker Non-Votes.
- Robert Fox: 26,056,135 For; 6,469,895 Withheld; 583,210 Broker Non-Votes.
- Elias Sabo: 28,627,834 For; 3,898,196 Withheld; 583,210 Broker Non-Votes.
Proposal 2: Ratification of Independent Public Accountants
Stockholders ratified the appointment of Grant Thornton LLP as the independent public accountants for the 2016 fiscal year.
- For: 32,772,246
- Against: 336,994
- Abstain: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. For further details on the proposals, the filing refers to the definitive proxy statement filed on March 24, 2016.
Key Facts for Investor Verification
- Verify the specific term length and class designation for the newly elected directors (Class III, 3-year term).
- Confirm the level of shareholder support for Robert Fox, who received a higher number of withheld votes compared to the other nominees.
- Review the definitive proxy statement filed on March 24, 2016, for detailed background on the director nominees and auditor ratification.