Business Context and Reporting Period
This Form 8-K reports on the 2020 Annual Meeting of Stockholders held by Progyny, Inc. on June 2, 2020. The filing details the outcomes of two proposals submitted to security holders for a vote.
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 events are the election of directors and the ratification of the independent auditor.
Guidance, Outlook, and Voting Results
Proposal 1: Election of Directors
Class I director nominees were elected to serve until the 2023 Annual Meeting. The voting results were:
- Kevin Gordon: 53,358,465 votes For; 183,061 votes Withheld; 1,220,993 Broker Non-Votes.
- Cheryl Scott: 53,357,284 votes For; 184,242 votes Withheld; 1,220,993 Broker Non-Votes.
Proposal 2: Ratification of Independent Auditor
Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2020. The voting results were:
- Votes For: 54,686,522
- Votes Against: 65,755
- Abstentions: 10,242
Important Facts for Investors to Verify
- Confirm the tenure of the newly elected directors (Kevin Gordon and Cheryl Scott) extends through the 2023 Annual Meeting.
- Verify that Ernst & Young LLP is officially engaged for the fiscal year ending December 31, 2020.
- Note that the filing indicates Progyny is an emerging growth company.
- Review the Proxy Statement filed on April 22, 2020, for detailed descriptions of the proposals.