8-KShareholder Matters

Datadog, Inc. 8-K Report, Shareholder Vote Results (Jun 16, 2021)

Filed June 16, 2021For Securities:DDOG

Summary

This 8-K filing from Datadog, Inc. (DDOG), dated June 16, 2021, reports the results of its Annual Meeting of Stockholders held on June 10, 2021. The primary purpose of the filing is to disclose the voting outcomes on several key proposals presented to shareholders. All proposals, including the election of directors, advisory approval of executive compensation, advisory vote on the frequency of executive compensation votes, and ratification of the independent auditor, passed with strong majority support. For investors, the overwhelmingly positive votes on these routine matters indicate continued shareholder confidence in the company's governance and management. Specifically, the re-election of directors Alexis Lê-Quôc and Michael Callahan, the advisory approval of executive compensation, and the ratification of Deloitte & Touche LLP as the auditor all received significant "For" votes, with minimal opposition or abstentions. The shareholder advisory vote on executive compensation frequency was overwhelmingly in favor of an annual vote, aligning with common corporate governance practices.

Key Highlights

  • 1All four proposals presented at the Annual Meeting of Stockholders on June 10, 2021, passed with significant shareholder approval.
  • 2Directors Alexis Lê-Quôc and Michael Callahan were re-elected to Class II directorships with strong majority support.
  • 3Shareholders provided advisory approval for the compensation of Datadog's Named Executive Officers.
  • 4A substantial majority of shareholders voted in favor of holding advisory votes on executive compensation on an annual basis.
  • 5The selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified by stockholders.
  • 6The voting results suggest broad shareholder confidence in the company's board of directors, executive compensation policies, and auditor.
  • 7Broker non-votes were consistently reported across all proposals, representing shares held by brokers that were not voted on certain matters due to lack of voting instructions.

Frequently Asked Questions

The key outcomes were the re-election of two directors (Alexis Lê-Quôc and Michael Callahan), advisory approval of executive compensation, shareholder preference for an annual advisory vote on executive compensation, and the ratification of Deloitte & Touche LLP as the company's independent auditor. All proposals received strong majority support from shareholders.

Shareholders overwhelmingly elected Alexis Lê-Quôc and Michael Callahan to serve as Class II directors. Both nominees received a vast majority of 'For' votes, with very few 'Withheld' votes and a notable number of broker non-votes.

Shareholders expressed strong advisory approval for the compensation of Datadog's Named Executive Officers. Furthermore, they overwhelmingly favored holding these advisory votes on an annual basis, rather than every two or three years.

Yes, the selection of Deloitte & Touche LLP as Datadog's independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified by a very large majority of the stockholders.