8-KShareholder Matters

Datadog, Inc. 8-K Report, Shareholder Vote Results (Jun 15, 2020)

Filed June 15, 2020For Securities:DDOG

Summary

Datadog, Inc. filed this 8-K on June 15, 2020, to report on the outcomes of its Annual Meeting of Stockholders held on June 11, 2020. The key information for investors revolves around the routine governance matters that were voted upon. All proposed items, including the election of directors and the ratification of the independent auditor, passed with overwhelming support from stockholders, indicating strong shareholder confidence in the current board and the company's financial oversight. Specifically, directors Olivier Pomel, Dev Ittycheria, and Shardul Shah were re-elected to the Board of Directors. Additionally, Deloitte & Touche LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020. The high approval margins for both proposals suggest a stable and well-supported corporate governance structure at Datadog during this period.

Key Highlights

  • 1Datadog, Inc. held its Annual Meeting of Stockholders on June 11, 2020.
  • 2Directors Olivier Pomel, Dev Ittycheria, and Shardul Shah were re-elected to the Board of Directors with substantial support.
  • 3The voting results for director elections showed a strong 'Votes For' majority for all nominees.
  • 4Stockholders ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2020.
  • 5The ratification of the independent auditor received an exceptionally high 'Votes For' tally, indicating shareholder confidence in financial reporting.
  • 6The company confirmed it is an Emerging Growth Company.
  • 7David Obstler, Chief Financial Officer, signed the report on behalf of Datadog, Inc.

Frequently Asked Questions

The two primary matters voted upon at the Annual Meeting were the election of directors and the ratification of the selection of the company's independent registered public accounting firm.

Directors Olivier Pomel, Dev Ittycheria, and Shardul Shah were each elected to serve as Class I directors until the 2023 Annual Meeting of Stockholders.

Yes, the stockholders overwhelmingly ratified the selection of Deloitte & Touche LLP as Datadog's independent registered public accounting firm for the year ending December 31, 2020.

The filing indicates that Datadog has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.