Summary
Cloudflare, Inc. (NET) filed an 8-K on June 4, 2020, detailing the results of its 2020 Annual Meeting of Stockholders held on June 2, 2020. The meeting saw high participation, with approximately 92.99% of the total voting power represented. Key outcomes included the election of Class I directors and the ratification of the company's independent registered public accounting firm.
Key Highlights
- 1Cloudflare held its 2020 Annual Meeting of Stockholders on June 2, 2020, with a significant turnout of 92.99% of total voting power.
- 2Class I directors Scott Sandell and Michelle Zatlyn were elected, with overwhelming support from both Class A and Class B common stockholders.
- 3The appointment of KPMG LLP as Cloudflare's independent registered public accounting firm for the fiscal year ending December 31, 2020, was ratified.
- 4The voting structure involved Class A common stock (one vote per share) and Class B common stock (ten votes per share), with both classes voting as a single class on all matters.
- 5The voting results indicate strong shareholder confidence in the current board and the company's chosen auditor.
Frequently Asked Questions
This 8-K filing primarily reports the results of Cloudflare's 2020 Annual Meeting of Stockholders, specifically detailing the voting outcomes for the election of directors and the ratification of the independent auditor.
Scott Sandell and Michelle Zatlyn were elected as Class I directors. They will serve until the company's 2023 annual meeting of stockholders or until their successors are duly elected and qualified.
Yes, the appointment of KPMG LLP as Cloudflare's independent registered public accounting firm for the fiscal year ending December 31, 2020, was ratified by the stockholders with a substantial majority of 'For' votes.
Approximately 92.99% of the total voting power of shares entitled to vote were present virtually or represented by proxy and voted on the proposals.