8-KShareholder Matters

CARVANA CO. 8-K Report, Shareholder Vote Results (May 7, 2018)

Filed May 7, 2018For Securities:CVNA

Summary

Carvana Co. (CVNA) filed an 8-K on May 7, 2018, detailing the results of its 2018 Annual Meeting of Shareholders held on May 1, 2018. The meeting saw strong shareholder participation, with over 996 million votes represented. Key outcomes include the election of directors and the ratification of the company's independent auditor. Investors can take comfort in the overwhelming support shown for the re-election of directors, including Ernie Garcia III, with a significant majority of votes cast in favor. This indicates shareholder confidence in the current leadership. Furthermore, the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018, was overwhelmingly ratified, suggesting a smooth and approved auditor relationship.

Key Highlights

  • 1996,414,727.4 votes were present, representing a substantial quorum at the 2018 Annual Meeting of Shareholders.
  • 2All nominated directors, including Ernie Garcia III, were elected for a three-year term with a majority of votes cast in their favor.
  • 3The appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018, was overwhelmingly ratified by shareholders.
  • 4The election of directors and the ratification of the auditor were conducted with a high level of shareholder attendance and affirmation.
  • 5Broker non-votes were minimal for director elections, suggesting broad shareholder representation among those voting.

Frequently Asked Questions

This 8-K filing reports the results of Carvana Co.'s 2018 Annual Meeting of Shareholders, specifically detailing the voting outcomes for the election of directors and the ratification of its independent auditor.

Shareholders overwhelmingly voted in favor of electing the nominated directors, including Ernie Garcia III, for a three-year term. The affirmative vote represented a majority of the votes cast at the meeting.

Yes, the appointment of Grant Thornton LLP as Carvana Co.'s independent registered public accounting firm for the year ending December 31, 2018, was ratified by shareholders with a significant majority of votes in favor.

Shareholder participation was robust, with holders representing 996,414,727.4 votes present either in person or by proxy, out of a total of 1,014,059,950.16 votes.