Flywire Corp 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports the results of Flywire Corporation's 2022 Annual Meeting of Stockholders held on June 2, 2022. The filing was submitted on June 3, 2022. The company is an emerging growth company incorporated in Delaware.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this document.
Material Changes and Voting Results
Of the 101,115,862 shares entitled to vote, 91,109,226 shares (approximately 90.1%) were represented, constituting a quorum. Two proposals were submitted and approved:
- Proposal 1: Election of Directors
- Yvonne Hao: 84,655,364 votes For; 149,666 votes Withheld.
- Michael Massaro: 75,786,909 votes For; 9,018,121 votes Withheld.
- Jo Natauri: 74,216,114 votes For; 10,588,916 votes Withheld.
- Broker Non-Votes: 6,304,196 shares for all candidates.
- Proposal 2: Ratification of Auditors
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2022.
- Votes For: 90,991,018
- Votes Against: 46,952
- Votes Abstaining: 71,256
Guidance, Outlook, and Risks
This filing does not contain management commentary, financial guidance, outlook, or risk factors. For detailed information regarding the proposals, the filing references the definitive proxy statement on Schedule 14A filed on April 20, 2022.
Key Facts for Investor Verification
- Verify the specific terms of the director elections and the tenure of the newly elected Class I directors (until the 2025 annual meeting).
- Review the April 20, 2022 Proxy Statement (Schedule 14A) for detailed biographies of the directors and the rationale for the auditor appointment.
- Note the significant number of broker non-votes (6.3 million) regarding the director election, which did not affect the outcome but indicates shares held in street name where brokers lacked discretionary voting power.