Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Upwork, Inc. on June 5, 2019. The filing details the voting results for the election of directors and the ratification of the independent registered accounting firm.
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 outcomes.
Material Changes and Voting Results
Stockholders representing 95,301,880 shares (more than 89% of outstanding shares) were present, constituting a quorum. The following proposals were approved:
- Proposal One (Election of Directors): Stockholders approved the election of three directors (Kevin Harvey, Thomas Layton, and Elizabeth Nelson) to serve three-year terms expiring in 2022. Each nominee received over 81 million votes in favor.
- Proposal Two (Ratification of Auditors): Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered accounting firm for the year ending December 31, 2019. The proposal received 95,121,393 votes for, 125,232 votes against, and 55,255 abstentions.
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
- Verify the tenure of the newly elected directors (Kevin Harvey, Thomas Layton, Elizabeth Nelson) through the 2022 Annual Meeting.
- Confirm the engagement of PricewaterhouseCoopers LLP for the fiscal year ending December 31, 2019.
- Note the high level of shareholder participation (over 89% of outstanding shares) at the June 5, 2019 meeting.