Upland Software, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the annual meeting of stockholders held on June 8, 2017, at the company's principal executive offices in Austin, Texas. Upland Software, Inc. is an emerging growth company incorporated in Delaware.
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
No material financial changes or operational updates are disclosed in this filing. The document details the outcome of two shareholder proposals.
Management Commentary and Voting Results
Stockholders representing 77.51% of eligible votes (14,297,733 votes) were present, constituting a quorum. The following items were voted upon:
- Election of Directors: John T. McDonald was elected as the Class III director. He received 12,797,403 votes "For," 54,200 votes "Withheld," and 1,446,130 "Broker Non-votes."
- Ratification of Auditors: Stockholders ratified the appointment of Ernst & Young LLP as independent public accountants for the fiscal year ending December 31, 2017. The vote was 14,296,682 "For," 939 "Against," and 112 "Abstain."
Investor Verification Checklist
- Verify the definitive proxy statement filed on April 28, 2017, for detailed background on the director nominee and auditor selection.
- Confirm the total number of outstanding shares to contextualize the 77.51% participation rate.
- Review subsequent filings for the company's financial performance for the fiscal year ending December 31, 2017.