Yext, Inc. 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 on June 14, 2022. The filing was submitted on June 17, 2022. The record date for voting eligibility was April 18, 2022.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report detailing voting outcomes.
Material Changes and Voting Results
The following proposals were voted upon by stockholders:
- Election of Class II Directors: Three nominees were elected to serve three-year terms expiring in 2025.
- Hillary Smith: Elected with 65,523,391 votes For, 14,238,945 Withheld, and 15,261,748 Broker Non-Votes.
- Michael Walrath: Elected with 64,549,912 votes For, 15,212,424 Withheld, and 15,261,748 Broker Non-Votes.
- Seth Waugh: Elected with 33,773,396 votes For, 45,988,940 Withheld, and 15,261,748 Broker Non-Votes.
- Ratification of Independent Auditor: The appointment of Ernst & Young LLP for the fiscal year ending January 31, 2023, was ratified with 94,740,616 votes For, 203,609 Against, and 79,859 Abstain.
- Executive Compensation (Say-on-Pay): Approved on an advisory, non-binding basis with 74,343,624 votes For, 5,297,724 Against, 120,988 Abstain, and 15,261,748 Broker Non-Votes.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of voting results.
Investor Verification Checklist
- Verify the specific terms of the newly elected directors' three-year tenure.
- Review the definitive proxy statement (Schedule 14A) filed on April 29, 2022, for detailed background on the director nominees and compensation proposals.
- Note the significant number of "Withheld" votes for Seth Waugh (45,988,940) compared to the other nominees, indicating notable shareholder dissent on this specific candidate.
- Confirm the appointment of Ernst & Young LLP as the independent auditor for the upcoming fiscal year.