Business Context and Reporting Period
This Form 8-K filing by The RealReal, Inc. (REAL) reports the results of the 2021 Annual Meeting of Stockholders held on June 15, 2021. The filing details the voting outcomes for three proposals regarding director elections, auditor ratification, and executive compensation frequency.
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 rather than financial performance.
Material Changes and Voting Results
The following material outcomes were reported from the Annual Meeting:
- Proposal 1 (Election of Class II Directors): All three nominees were elected.
- Rob Krolik: 48,116,019 votes For; 22,859,103 votes Withheld.
- Niki Leondakis: 49,945,273 votes For; 21,029,849 votes Withheld.
- Emma Grede: 70,742,765 votes For; 232,357 votes Withheld.
- Proposal 2 (Ratification of Auditor): Stockholders ratified the appointment of KPMG LLP for the fiscal year ending December 31, 2021.
- For: 79,417,978
- Against: 140,747
- Abstain: 24,217
- Proposal 3 (Say-on-Pay Frequency): Stockholders approved an advisory vote on executive compensation to be held "Every Year."
- 1 Year: 70,829,761 votes
- 2 Years: 54,431 votes
- 3 Years: 53,731 votes
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the disclosure of voting results.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Confirm the specific terms of the three-year director terms for the newly elected Class II directors.
- Review the definitive proxy statement filed on April 30, 2021, for detailed background on the nominees and proposals.
- Note that the "Every Year" advisory vote on executive compensation is now mandated until the next frequency vote.