Business Context and Reporting Period
This Form 8-K filing by i3 Verticals, Inc. reports on the results of the 2020 Annual Meeting of Stockholders held on February 28, 2020. The company is incorporated in Delaware and its Class A Common Stock trades on the Nasdaq Global Select Market under the symbol IIIV.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. There is no information provided regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes and Voting Results
The filing details the outcomes of two matters submitted to stockholders. A total of 24,405,162 shares were present, representing approximately 89.0% of outstanding Common Stock as of the January 17, 2020 record date.
1. Election of Directors
Stockholders elected eight individuals to the Board of Directors for a one-year term. All nominees received significant majority support:
- Gregory Daily: 19,636,740 For
- Clay Whitson: 18,953,450 For
- Elizabeth S. Courtney: 22,992,253 For
- John Harrison: 22,800,574 For
- R. Burton Harvey: 22,996,076 For
- Timothy McKenna: 22,991,642 For
- David Morgan: 22,803,180 For
- David Wilds: 22,738,641 For
Broker non-votes totaled 1,324,384 for all director elections.
2. Ratification of Independent Auditors
Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2020.
- For: 24,340,884
- Against: 331
- Abstain: 63,947
- Broker Non-Votes: 0
Guidance, Outlook, and Risks
The filing text does not provide any management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is strictly limited to reporting the results of the shareholder vote.
Investor Verification Checklist
- Verify the official composition of the Board of Directors following the February 28, 2020 election.
- Confirm the engagement of Deloitte & Touche LLP for the fiscal year ending September 30, 2020.
- Review the company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains none.