8-KShareholder Matters

F5, INC. 8-K Report, Shareholder Vote Results (Mar 17, 2011)

Filed March 17, 2011For Securities:FFIV

Summary

F5 Networks, Inc. (FFIV) filed an 8-K on March 17, 2011, reporting on the outcomes of its Annual Meeting of Shareholders held on March 14, 2011. The primary focus of this filing is the voting results on key corporate governance matters. Shareholders overwhelmingly supported the election of director nominees and ratified the appointment of PricewaterhouseCoopers LLP as the company's independent auditor for fiscal year 2011. Additionally, an advisory vote on executive compensation was approved by a significant majority.

Key Highlights

  • 1F5 Networks held its Annual Meeting of Shareholders on March 14, 2011.
  • 2Shareholders elected John Chapple (Class I) and A. Gary Ames and Scott Thompson (Class III) as directors.
  • 3All director nominees received strong support, with 'For' votes significantly outweighing 'Against' and 'Withheld' votes.
  • 4PricewaterhouseCoopers LLP was ratified as the company's independent auditor for fiscal year 2011 with substantial shareholder approval.
  • 5Shareholders provided an advisory vote approving the compensation of the company's named executive officers.
  • 6A majority of shareholders voted for an annual advisory vote on executive compensation frequency, indicating a preference for yearly review.

Frequently Asked Questions

The Annual Meeting involved voting on the election of directors, ratification of the independent auditor, an advisory vote on executive compensation, and the frequency of future advisory votes on executive compensation.

Yes, all director nominees, including John Chapple, A. Gary Ames, and Scott Thompson, were duly elected by F5 Networks shareholders.

Yes, the selection of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2011 was ratified by a substantial majority of shareholders.

The shareholders approved, on an advisory basis, the compensation of the company's named executive officers, with a large majority voting in favor.

The majority of shareholders voted in favor of an annual advisory vote on the compensation of named executive officers, indicating a preference for a yearly review.