Paylocity Holding Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Paylocity Holding Corporation on December 9, 2015. The meeting addressed matters for the fiscal year 2016.
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 voting results.
Material Changes and Voting Results
Of the 50,833,040 shares entitled to vote, 46,700,790 shares (91.87%) were represented. The following proposals were approved:
- Proposal 1: Election of Class II Directors
- Mark H. Mishler: 43,591,170 For; 544,478 Withheld; 2,565,142 Broker Non-votes.
- Ronald V. Waters, III: 43,598,430 For; 537,218 Withheld; 2,565,142 Broker Non-votes.
- Proposal 2: Ratification of Independent Auditor
- KPMG LLP was ratified for the fiscal year ending June 30, 2016.
- Vote Count: 46,696,029 For; 4,300 Against; 461 Abstaining.
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
- High shareholder participation rate of 91.87% at the annual meeting.
- Overwhelming approval for the election of Class II directors and the ratification of KPMG LLP.
- Broker non-votes were significant for the director election (approx. 5.5% of eligible shares) but did not affect the outcome.