Business Context and Reporting Period
Symbotic Inc. filed this Form 8-K regarding its 2024 annual meeting of stockholders held on March 1, 2024. The report was signed and filed on March 4, 2024. The meeting covered director elections and ratification of the independent registered public accounting firm for the fiscal year ending September 28, 2024.
Meeting Participation and Voting Results
- As of the January 5, 2024 record date, Symbotic had 85,295,300 Class A shares, 81,487,643 Class V-1 shares, and 406,512,941 Class V-3 shares outstanding and entitled to vote.
- Class A and Class V-1 shares carried one vote per share; Class V-3 shares carried three votes per share.
- All classes voted together as a single class.
- Shares present or represented by proxy represented 99.24% of combined voting power, establishing a quorum.
Proposals Approved
| Proposal | Result |
|---|
| Election of seven directors | All seven nominees elected to one-year terms ending at the 2025 annual meeting, subject to earlier termination of service. |
| Ratification of Grant Thornton LLP | Appointment ratified as the independent registered public accounting firm for the fiscal year ending September 28, 2024. |
Director Election Vote Summary
| Nominee | For | Withheld | Broker Non-Votes |
|---|
| Richard Cohen | 1,366,483,882 | 251,410 | 9,040,452 |
| Rollin Ford | 1,366,653,683 | 81,833 | 9,040,228 |
| Charles Kane | 1,366,681,908 | 53,608 | 9,040,228 |
| Todd Krasnow | 1,364,471,462 | 2,263,679 | 9,040,603 |
| Vikas Parekh | 1,366,637,715 | 97,801 | 9,040,228 |
| Daniela Rus | 1,366,684,896 | 50,620 | 9,040,228 |
| Merline Saintil | 1,363,982,475 | 2,727,764 | 9,065,505 |
Auditor Ratification Vote
| For | Against | Abstentions |
|---|
| 1,375,493,013 | 31,833 | 250,898 |
Financial Metrics and Outlook
This 8-K does not provide revenue, earnings, cash flow, margins, debt, liquidity, guidance, or operating outlook information. It also does not report material financial changes, contingencies, or unusual financial items.
Investor Verification Priorities
- Verify the final voting results and the one-year terms of all seven elected directors.
- Confirm Grant Thornton LLP’s appointment for the fiscal year ending September 28, 2024.
- Review the company’s proxy statement filed January 19, 2024 for proposal details, director qualifications, and governance disclosures.
- Use subsequent periodic filings for financial performance, liquidity, debt, guidance, and risk information, which are not included in this filing.
