Moelis & Co. 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of stockholders held by Moelis & Co. on June 8, 2023. The filing was submitted on June 9, 2023.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to the tabulation of shareholder votes.
Material Changes and Voting Results
Stockholders voted on three proposals. All proposals were approved. The final vote tabulations are as follows:
- Proposal 1: Election of Directors
- Kenneth Moelis: 99,470,703 For; 2,511,777 Against.
- Eric Cantor: 100,151,968 For; 1,830,098 Against.
- John A. Allison IV: 85,082,902 For; 16,876,004 Against.
- Kenneth L. Shropshire: 88,049,453 For; 13,909,921 Against.
- Laila Worrell: 101,082,699 For; 918,274 Against.
- Proposal 2: Advisory Vote on Executive Compensation
- For: 94,839,248
- Against: 7,106,968
- Abstain: 76,954
- Proposal 3: Ratification of Independent Auditor (Deloitte & Touche LLP)
- For: 104,829,088
- Against: 3,401,965
- Abstain: 39,563
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly details the outcome of the shareholder vote.
Investor Verification Checklist
- Verify the election of John A. Allison IV and Kenneth L. Shropshire, who received the highest "Against" vote counts among the director nominees.
- Confirm the appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2023.
- Note that broker non-votes were present for the director election and executive compensation proposals but were zero for the auditor ratification.