Business Context and Reporting Period
This Form 8-K filing by Box, Inc. reports on the results of the Annual Meeting of Stockholders held on June 20, 2018. The filing details the voting outcomes for director elections, executive compensation, and the ratification of the independent auditor.
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 and voting results.
Material Changes and Voting Results
Stockholders representing 220,619,962 votes (91.96% of voting power) were present at the meeting. The following proposals were approved:
- Election of Directors: Dana Evan, Steven Krausz, and Aaron Levie were elected as Class I directors to serve until the 2021 annual meeting.
- Executive Compensation: The advisory vote on named executive officer compensation was approved with 185,481,232 votes "For" versus 1,522,342 "Against".
- Auditor Ratification: The appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2019, was ratified with 219,833,472 votes "For".
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on operations, or specific risk factors. The document is limited to the procedural results of the shareholder vote.
Key Facts for Investor Verification
- Verify the tenure of the newly elected Class I directors (Dana Evan, Steven Krausz, Aaron Levie) through the 2021 annual meeting.
- Confirm the high level of shareholder support for executive compensation (approximately 92% of votes cast were in favor).
- Note the dual-class voting structure where Class B shares held ten votes per share compared to one vote per Class A share.
- Review the definitive proxy statement filed on May 8, 2018, for detailed descriptions of the proposals.