Varonis Systems Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Stockholders held on May 3, 2016. The filing was submitted on May 9, 2016, by Varonis Systems, Inc., a Delaware corporation.
Key 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 voting results.
Material Changes and Voting Results
A quorum was established with 19,039,174 shares present, representing approximately 72.82% of shares entitled to vote. Two proposals were considered:
- Proposal 1: Election of Directors
- Kevin Comolli: 85.87% support (14,739,843 For; 2,425,620 Withheld).
- John J. Gavin, Jr.: 99.65% support (17,105,356 For; 60,107 Withheld).
- Fred Van Den Bosch: 99.87% support (17,143,494 For; 21,969 Withheld).
- Proposal 2: Ratification of Auditors
- Ratified the appointment of Kost Forer Gabbay & Kasierer (Ernst & Young Global Limited) for the fiscal year ending December 31, 2016.
- Result: 99.62% support (18,967,087 For; 70,297 Against; 1,790 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 Investor Verification
- Verify the tenure of the newly elected directors, who will serve until the 2019 Annual Meeting.
- Confirm the engagement of Kost Forer Gabbay & Kasierer as the independent auditor for the 2016 fiscal year.
- Note the significant vote withholding (14.13%) for director nominee Kevin Comolli compared to the other nominees.