8-KShareholder Matters

Rocket Companies, Inc. 8-K Report, Shareholder Vote Results (May 27, 2021)

Filed May 27, 2021For Securities:RKT

Summary

Rocket Companies, Inc. filed an 8-K on May 26, 2021, reporting the results of its 2021 Annual Meeting of Stockholders held on May 25, 2021. The primary purpose of the filing was to disclose the voting outcomes on several key proposals presented to the shareholders. The meeting covered 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. These results provide insight into shareholder sentiment regarding the company's governance and leadership.

Key Highlights

  • 1All three Class I director nominees were elected by stockholders to serve until the 2024 annual meeting.
  • 2Ernst & Young LLP was ratified as Rocket Companies' independent registered public accounting firm for the fiscal year ending December 31, 2021.
  • 3Stockholders approved, on an advisory basis, the compensation of the company's named executive officers.
  • 4A majority of stockholders approved holding an advisory vote on executive compensation every three years.
  • 5The voting results for all proposals, including director elections, auditor ratification, executive compensation, and compensation vote frequency, were overwhelmingly in favor of the management's recommendations.

Frequently Asked Questions

The key outcomes include the election of three Class I directors, the ratification of Ernst & Young LLP as the independent auditor for 2021, the approval of named executive officer compensation on an advisory basis, and the decision to hold advisory votes on executive compensation every three years.

All three Class I director nominees, Jay Farner, Jennifer Gilbert, and Jonathan Mariner, received substantial 'For' votes, indicating strong shareholder support for their election.

Following an advisory vote at the 2021 Annual Meeting, shareholders approved that the company will hold an advisory vote on the compensation of its named executive officers every three years.

Ernst & Young LLP was ratified by the stockholders as Rocket Companies' independent registered public accounting firm for the year ending December 31, 2021.