Zevia PBC Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of Zevia PBC's 2023 Annual Meeting of Stockholders held on June 15, 2023. The company is an emerging growth company incorporated in Delaware, with its principal executive offices in Encino, California. As of the record date, there were 49,317,263 shares of Class A Common Stock and 21,260,609 shares of Class B Common Stock outstanding.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following proposals were submitted to a vote of security holders:
- Proposal 1: Election of Directors Three Class II directors were elected to serve until the 2026 annual meeting.
- David J. Lee: 47,373,049 For; 1,925,107 Against; 18,136 Abstain.
- Rosemary L. Ripley: 46,947,520 For; 2,351,278 Against; 17,494 Abstain.
- Justin Shaw: 45,279,597 For; 3,959,823 Against; 76,872 Abstain.
- Proposal 2: Ratification of Auditors The selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2023, was ratified.
- Results: 60,120,379 For; 1,105,898 Against; 17,992 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding and the voting power distribution between Class A and Class B stock.
- Confirm the specific term length for the newly elected directors (3 years until 2026).
- Note the significant number of broker non-votes (11,927,977) recorded for the director elections, which did not affect the outcome but indicate shares held in street name where brokers lacked discretionary voting power.
- Confirm the appointment of Deloitte & Touche LLP as the auditor for the fiscal year ending December 31, 2023.