Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Meeting of Stockholders held by Box, Inc. on June 19, 2019. The filing details the voting outcomes for director elections, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results rather than financial performance.
Material Changes
No material financial changes are reported in this filing. The document serves as a disclosure of shareholder voting actions taken on the reporting date.
Guidance, Outlook, and Voting Results
The stockholders voted on three primary proposals. A quorum was established with 130,637,832 votes present, representing more than 89% of the voting power.
- Election of Directors: Three Class II directors were elected to serve until the 2022 annual meeting.
- Kim Hammonds: 79,569,424 votes For.
- Dan Levin: 62,112,730 votes For.
- Josh Stein: 61,640,853 votes For.
- Advisory Vote on Executive Compensation: Stockholders voted in favor of the compensation of named executive officers with 82,568,545 votes For versus 4,690,558 Against.
- Ratification of Auditor: The appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2020, was ratified with 129,574,311 votes For.
Investor Verification Checklist
- Verify the specific terms of the director nominees' service periods (until the 2022 annual meeting).
- Review the definitive proxy statement filed on May 8, 2019, for detailed descriptions of the proposals.
- Confirm the record date for voting eligibility was April 26, 2019.
- Note that a significant number of broker non-votes (43,129,057) were recorded for the director elections.