Varonis Systems Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2019 Annual Meeting of Stockholders held on May 2, 2019. Varonis Systems, Inc. is a Delaware corporation with its principal executive offices in New York, NY. The company's common stock trades on The NASDAQ Stock Market LLC under the symbol VRNS.
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 rather than financial performance.
Material Changes and Voting Results
A quorum was established with 24,864,886 shares present, representing approximately 82.9% of shares entitled to vote. The voting outcomes for the three proposals were as follows:
- Proposal 1 (Election of Directors): All three nominees were elected.
- Kevin Comolli: 18,005,938 For; 3,454,396 Withheld.
- John J. Gavin, Jr.: 20,327,947 For; 1,132,387 Withheld.
- Fred Van Den Bosch: 20,472,251 For; 988,083 Withheld.
- Proposal 2 (Advisory Vote on Executive Compensation): The proposal was defeated.
- For: 7,157,204
- Against: 14,282,632
- Abstain: 20,498
- Proposal 3 (Ratification of Auditors): The appointment of Kost Forer Gabbay & Kasierer (Ernst & Young Global Limited) was ratified.
- For: 24,707,465
- Against: 145,670
- Abstain: 11,751
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting results.
Key Facts for Investor Verification
- Shareholders voted against the advisory proposal on executive compensation, with "Against" votes significantly exceeding "For" votes.
- All three director nominees received majority support and were elected to the Board.
- The independent registered public accounting firm was successfully ratified by shareholders.
- Broker non-votes totaled 3,404,552 for the director election and executive compensation proposals.