Yext, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated June 8, 2021, discloses the results of the annual meeting of stockholders held on that date. The filing covers the voting outcomes for director elections, auditor ratification, and executive compensation.
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 results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Director Election (Class I): Three nominees were elected to serve three-year terms expiring at the 2024 annual meeting.
- Brian Distelburger: 85,379,345 votes For; 13,968,246 votes Withheld.
- Howard Lerman: 87,135,519 votes For; 12,212,072 votes Withheld.
- Julie Richardson: 85,265,105 votes For; 14,082,486 votes Withheld.
- Auditor Ratification: The appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2022, was ratified.
- For: 110,518,415
- Against: 186,059
- Abstain: 118,305
- Executive Compensation: The compensation of named executive officers was approved on an advisory, non-binding basis.
- For: 96,948,390
- Against: 2,260,770
- Abstain: 138,431
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. For details on the proposals, the filing references the definitive proxy statement on Schedule 14A filed on April 22, 2021.
Key Facts for Investor Verification
- Verify the total number of shares entitled to vote at the meeting held on June 8, 2021.
- Confirm the specific terms of the three-year director tenure for the newly elected Class I directors.
- Review the Schedule 14A proxy statement filed on April 22, 2021, for detailed background on the executive compensation proposal.
- Note that the auditor ratification covers the fiscal year ending January 31, 2022.