Rimini Street, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2022 Annual Meeting of Stockholders held by Rimini Street, Inc. on June 1, 2022. The meeting was conducted virtually via live audio webcast. As of the record date of April 19, 2022, there were 87,038,899 shares of Common Stock issued and outstanding.
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 matters and voting results.
Material Changes and Voting Results
Stockholders voted on three proposals. A total of 78,413,153 shares were represented at the meeting, constituting a quorum (approximately 90.09% of voting power). The results were as follows:
- Proposal 1 (Election of Class II Directors):
- Katrinka B. McCallum: 66,597,398 For; 208,846 Withheld.
- Robin Murray: 60,044,296 For; 6,761,948 Withheld.
- Proposal 2 (Say-on-Pay Vote): 65,068,926 For; 733,956 Against; 1,003,362 Abstain.
- Proposal 3 (Ratification of KPMG LLP): 78,201,942 For; 207,669 Against; 3,542 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investors to Verify
- Confirmation that the Class II director nominees (Katrinka B. McCallum and Robin Murray) were successfully elected.
- Verification of the "Say-on-Pay" approval ratio relative to the total votes cast.
- Confirmation that KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2022.
- Review of the definitive proxy statement (Schedule 14A) filed on April 29, 2022, for detailed background on the proposals.