Business Context and Reporting Period
Company: Veeva Systems Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 13, 2021
Event: Results of a Special Meeting of Stockholders held on January 13, 2021.
Key Financial Metrics
This filing is a corporate governance report regarding stockholder votes. It does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The filing text does not provide a clear value for any financial metric.
Material Changes
The filing reports the successful approval of two amendments to Veeva's restated certificate of incorporation:
- Proposal 1: Amendment to become a public benefit corporation.
- Proposal 2: Amendment to eliminate the classified structure of the board of directors.
Voting Results and Management Commentary
Stockholders of record as of November 27, 2020, were entitled to vote. Class A shares carried one vote per share, while Class B shares carried ten votes per share. Both classes voted as a single class.
| Proposal | For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| 1. Become Public Benefit Corp | 255,688,843 | 2,838,402 | 54,862 | 0 |
| 2. Eliminate Classified Board | 258,168,109 | 312,997 | 101,001 | 0 |
Both proposals were approved by the stockholders. The filing contains no forward-looking guidance, risk factors, or unusual items beyond the governance changes.
Investor Verification Checklist
- Verify the effective date of the public benefit corporation status change.
- Confirm the timeline for the transition to an unclassified board of directors.
- Review the definitive proxy statement (Schedule 14A filed December 3, 2020) for detailed rationale behind the proposals.
- Note that this filing contains no financial data; refer to the most recent 10-K or 10-Q for financial performance.