Five9, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Five9, Inc. on May 12, 2021. The report details the results of the Company's 2021 Annual Meeting of Stockholders held on the same date. The filing does not contain financial performance data, as it is a corporate governance report rather than a financial statement.
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 shareholder voting outcomes.
Material Changes and Voting Results
A total of 61,052,447 shares, representing 91% of the Company's common stock outstanding as of the March 15, 2021 record date, were represented at the meeting. The following matters were voted upon:
- Election of Directors: All three nominees (Michael Burdiek, David DeWalt, and Susan Barsamian) were elected as Class I directors to serve until the 2024 annual meeting.
- Advisory Vote on Executive Compensation: Stockholders approved the compensation of named executive officers. The proposal received 53,546,891 votes "For" and 3,257,035 votes "Against."
- Ratification of Independent Auditor: Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021. The proposal received 60,845,830 votes "For" and 176,012 votes "Against."
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the tenure of the newly elected directors (Michael Burdiek, David DeWalt, Susan Barsamian) through the 2024 annual meeting.
- Confirm the high level of shareholder support (91% attendance) for the 2021 Annual Meeting.
- Note the significant "For" vote margin on the ratification of KPMG LLP (approximately 97% of votes cast).
- Review the "Against" vote count on executive compensation (3,257,035 shares) to assess potential shareholder sentiment regarding pay practices.