8-KShareholder Matters

Snowflake Inc. 8-K Report, Shareholder Vote Results (Jul 13, 2021)

Filed July 13, 2021For Securities:SNOW

Summary

Snowflake Inc. (SNOW) held its 2021 Annual Meeting of Stockholders on July 7, 2021, where key corporate governance matters were put to a vote. The meeting resulted in the election of Class I directors and the ratification of the company's independent auditor. These outcomes reflect continued stockholder confidence in the company's leadership and financial oversight.

Key Highlights

  • 1Directors Benoit Dageville, Mark S. Garrett, and Jayshree V. Ullal were successfully elected to serve as Class I directors until the 2024 Annual Meeting of Stockholders.
  • 2The election of directors saw significant 'For' votes, indicating strong support from shareholders for the nominated individuals.
  • 3PricewaterhouseCoopers LLP was ratified as Snowflake's independent registered public accounting firm for the fiscal year ending January 31, 2022.
  • 4The ratification of the independent auditor received an overwhelming majority of 'For' votes, demonstrating shareholder approval of the firm's appointment.
  • 5The virtual format of the Annual Meeting facilitated broad participation from security holders.
  • 6No other business matters were presented or voted upon at the meeting, indicating a focused agenda on essential governance items.

Frequently Asked Questions

The primary outcomes were the election of three Class I directors (Benoit Dageville, Mark S. Garrett, and Jayshree V. Ullal) and the ratification of PricewaterhouseCoopers LLP as the company's independent auditor for the fiscal year ending January 31, 2022.

The elected directors received substantial support. For example, Benoit Dageville received over 127 million 'For' votes, with a relatively small number of 'Withheld' votes and a significant number of 'Broker Non-Votes'.

The ratification of PricewaterhouseCoopers LLP as the independent auditor was overwhelmingly approved, with over 213 million 'For' votes compared to a small number of 'Against' and 'Abstain' votes.

This 8-K filing focuses on the results of the Annual Meeting of Stockholders regarding director elections and auditor ratification. It does not report on any new or significant corporate actions or changes.