Open Text Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual General Meeting of Open Text Corporation held on December 15, 2011. The filing details the submission of matters to a vote of security holders and the resulting outcomes.
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
No material financial changes are reported in this document. The primary event is the successful ratification of the Board of Directors and the appointment of external auditors.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural report of shareholder voting.
Key Facts for Investors
- Director Elections: All nine nominees for the Board of Directors were elected. Stephen J. Sadler received the lowest support at 87.00% (13.00% withheld), while Gail Hamilton received the highest at 99.96%.
- Auditor Ratification: Shareholders approved the re-appointment of KPMG LLP as the Company's auditors with 99.10% of votes cast in favor.
- Voting Method: All proposals were carried by a show of hands.
- Shareholder Participation: Total votes cast for the auditor proposal were approximately 44.1 million (43.7 million for, 0.4 million withheld).