Business Context and Reporting Period
Bill.com Holdings, Inc. filed a Form 8-K dated December 9, 2021, reporting matters voted on at its Annual Meeting of Stockholders held that day. The report was signed on December 10, 2021. The company’s common stock trades on the New York Stock Exchange under the symbol BILL.
Financial and Operating Metrics
This filing does not report revenue, profit, cash flow, margins, debt, liquidity, or other operating or financial performance metrics.
Annual Meeting Results
| Proposal | Result |
|---|---|
| Election of Allison Mnookin, Steven Piaker, Rory O’Driscoll, and Steve Fisher as Class II directors | All elected to serve until the 2024 Annual Meeting or until successors are elected and qualified |
| Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending June 30, 2022 | Approved |
| Advisory approval of named executive officer compensation | Approved |
| Advisory vote on frequency of executive compensation votes | Stockholders preferred an annual vote |
Voting Detail
| Director | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| Allison Mnookin | 68,688,747 | 12,191,743 | 6,956,322 |
| Steven Piaker | 68,681,306 | 12,199,184 | 6,956,322 |
| Rory O’Driscoll | 66,021,381 | 14,859,109 | 6,956,322 |
| Steve Fisher | 80,454,438 | 426,052 | 6,956,322 |
Ernst & Young LLP ratification received 87,468,523 votes for, 339,892 against, and 28,397 abstentions. Executive compensation received 75,258,766 votes for, 5,567,352 against, 54,372 abstentions, and 6,956,322 broker non-votes. The annual frequency preference received 74,742,034 votes for one year, 12,992 for two years, 474,551 for three years, 5,650,913 abstentions, and 6,956,322 broker non-votes.
Material Changes, Guidance, and Risks
The filing does not provide financial guidance, an outlook, management commentary, material contingencies, unusual items, or changes in business performance. The principal governance update is the election of four directors, approval of the independent auditor, approval of executive compensation, and stockholder preference for annual say-on-pay votes.
Important Facts to Verify
- Confirm the elected directors’ service terms and subsequent board changes.
- Verify Ernst & Young LLP’s appointment for the fiscal year ending June 30, 2022.
- Confirm whether the board adopted the stockholder-preferred annual frequency for future executive compensation votes.
- Review subsequent filings for financial results, guidance, liquidity, debt, and any governance or compensation changes not addressed in this 8-K.