01—Abstract
Summary
Summary of the 8-K filed March 10, 2025. Cited figures are marked; the original filing is the authoritative source.
Symbotic Inc. held its 2025 annual meeting of stockholders by live audio webcast on March 6, 2025.
Stockholders voted on four proposals, which are described in the company's definitive proxy statement filed January 17, 2025. As of the January 6, 2025 record date, there were 106,662,107 shares of Class A common stock, 76,586,618 shares of Class V-1 common stock, and 404,309,196 shares of Class V-3 common stock outstanding and entitled to vote. Holders represented 99.14%a of the combined voting power, which established a quorum.
Class V-3 shares carry three votes each, and all classes voted together as a single class. All seven director nominees were elected to one-year terms expiring at the 2026 annual meeting. Richard Cohen received 1,367,146,328 votes for and 1,285,260 withheld, and Merline Saintil had the largest number of withheld votes at 5,789,399.
On the advisory say-on-pay vote, 1,367,360,411 votes were cast for and 963,769 against. A majority of votes cast favored holding a stockholder vote on executive compensation every year, with 1,366,202,537 votes for a one-year frequency. Stockholders also ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending September 27, 2025, with 1,383,461,333 votes for, 682,826 against, and 66,732 withheld.
02—Key points
Key Highlights
- Annual meeting held March 6, 2025 via live audio webcast, with a quorum established at 99.14% of the combined voting power as of the January 6, 2025 record date.
- All seven director nominees were elected to one-year terms ending at the 2026 annual meeting; Richard Cohen received 1,367,146,328 votes for and Daniela Rus received 1,368,310,196 votes for.
- Merline Saintil had the most withheld votes among directors at 5,789,399, while Daniela Rus had the fewest at 125,669.
- Stockholders voted, on an advisory basis, for an annual frequency of stockholder votes on executive compensation, with 1,366,202,537 votes for one year.
- Advisory say-on-pay proposal passed with 1,367,360,411 votes for and 963,769 against.
- Grant Thornton LLP was ratified as independent registered public accounting firm for the fiscal year ending September 27, 2025, with 1,383,461,333 votes for and 682,826 against.
- Class V-3 common stock carries three votes per share, and 404,309,196 Class V-3 shares were outstanding and entitled to vote at the record date.
03—Questions
Frequently Asked Questions
Who was elected to the board of directors at the 2025 annual meeting?
Seven directors were elected: Richard Cohen, Rollin Ford, Charles Kane, Todd Krasnow, Vikas Parekh, Daniela Rus, and Merline Saintil. Each will serve a one-year term until the 2026 annual meeting or until a successor is duly elected and qualified.
How did stockholders vote on executive compensation?
In a non-binding advisory vote, 1,367,360,411 shares were cast for, 963,769 against, 111,685 withheld, and 15,775,026 were broker non-votes. A majority of votes cast approved the compensation of the named executive officers.
How often will stockholders vote on executive compensation?
In a non-binding advisory vote, a majority of votes cast favored holding a stockholder vote on executive compensation every year, with 1,366,202,537 votes for a one-year frequency, 90,168 for two years, 2,090,871 for three years, and 52,289 withheld.
Which auditor did stockholders ratify, and for which fiscal year?
Stockholders ratified Grant Thornton LLP as the company's independent registered public accounting firm for the fiscal year ending September 27, 2025. The vote was 1,383,461,333 for, 682,826 against, and 66,732 withheld, with no broker non-votes.
04—Continue