8-KShareholder Matters

Arista Networks, Inc. 8-K Report, Shareholder Vote Results (Jun 3, 2022)

Filed June 3, 2022For Securities:ANET

Summary

Arista Networks, Inc. (ANET) filed an 8-K on June 2, 2022, reporting the results of its 2022 Annual Meeting of Stockholders held on May 31, 2022. The key outcomes of the meeting include the election of two Class II directors, Charles Giancarlo and Daniel Scheinman, to serve until the 2025 annual meeting. Both director nominees received a significant majority of the votes cast. Furthermore, Arista Networks' stockholders provided advisory approval for the compensation of the company's named executive officers, with a substantial majority voting in favor. The stockholders also advised that future advisory votes on executive compensation should occur annually. Finally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022, was ratified by the stockholders with strong support.

Key Highlights

  • 1Election of two Class II directors, Charles Giancarlo and Daniel Scheinman, to serve until the 2025 annual meeting.
  • 2Directors Charles Giancarlo and Daniel Scheinman were duly elected with strong support from shareholders.
  • 3Shareholders provided advisory approval for the compensation of Arista Networks' named executive officers.
  • 4Stockholders advised that future advisory votes on executive compensation should be held annually.
  • 5The appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2022 was ratified.
  • 6The ratification of Ernst & Young LLP as the auditor received overwhelming approval from shareholders.

Frequently Asked Questions

The main outcomes included the election of two directors, advisory approval of executive compensation, a vote for annual advisory votes on executive compensation, and ratification of the company's independent auditor, Ernst & Young LLP.

Yes, both nominees, Charles Giancarlo and Daniel Scheinman, were elected to serve as Class II directors until the 2025 annual meeting, having received substantial support from stockholders.

Shareholders approved, on an advisory basis, the compensation of the named executive officers. They also advised that future advisory votes on executive compensation should occur annually.

Yes, the appointment of Ernst & Young LLP as Arista Networks' independent registered public accounting firm for the fiscal year ending December 31, 2022, was ratified by the stockholders with a very high percentage of votes in favor.