Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Veeva Systems Inc. on June 20, 2019. The filing details the voting results for two proposals submitted to security holders of record as of April 26, 2019.
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 rather than financial performance.
Material Changes and Voting Results
Two proposals were voted upon at the Annual Meeting:
- Proposal 1 (Election of Directors): Stockholders elected Ronald E.F. Codd and Peter P. Gassner as Class III directors.
- Ronald E.F. Codd: 283,824,906 votes FOR; 9,513,039 votes WITHHOLD; 15,290,252 BROKER NON-VOTES.
- Peter P. Gassner: 289,016,488 votes FOR; 4,321,457 votes WITHHOLD; 15,290,252 BROKER NON-VOTES.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2020.
- Results: 307,780,875 votes FOR; 707,039 votes AGAINST; 140,283 votes ABSTAIN.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Important Facts for Investors to Verify
- Confirmation that KPMG LLP is the appointed auditor for the fiscal year ending January 31, 2020.
- Verification of the new Class III director terms extending until the 2022 annual meeting.
- Review of the definitive proxy statement (Schedule 14A filed May 9, 2019) for detailed biographies of the elected directors and further context on the auditor ratification.
- Understanding of the dual-class voting structure where Class B shares carry ten votes per share versus one vote per Class A share.