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Grid Dynamics Holdings, Inc. Annual Meeting Report - Key Decisions & Voting Results

$GDYN
Form 8-K
Filed on: 2024-12-23
Source
Grid Dynamics Holdings, Inc. Annual Meeting Report - Key Decisions & Voting Results

Here are the key insights extracted from the provided 8-K filing for Grid Dynamics Holdings, Inc.:

Basic Information:

  • Company Name: Grid Dynamics Holdings, Inc.
  • Date of Report: December 23, 2024
  • State of Incorporation: Delaware
  • Address: 5000 Executive Parkway, Suite 520, San Ramon, CA 94583
  • Telephone Number: (650) 523-5000
  • Trading Symbol: GDYN
  • Exchange: NASDAQ Stock Market LLC

Annual Meeting Details:

  • Date of Annual Meeting: December 23, 2024
  • Record Date for Voting: October 28, 2024
  • Total Shares Voting: 70,662,912 shares, representing 91.98% of the voting power.

Proposals Voted Upon:

  1. Election of Three Class II Directors:
  • Result: Elected nominees to serve until the 2027 Annual Meeting.
  • Votes for each nominee:
    • Lloyd Carney: 48,533,065 votes for, 18,659,154 against, 3,470,693 non-votes.
    • Michael Southworth: 64,027,594 votes for, 3,164,625 against, 3,470,693 non-votes.
    • Yueou Wang: 61,267,203 votes for, 5,925,016 against, 3,470,693 non-votes.
  1. Ratification of Grant Thornton LLP as Independent Registered Public Accounting Firm:
  • Result: Ratified for the fiscal year ending December 31, 2024.
  • Votes: 70,541,443 for, 8,139 against, 113,330 abstentions.
  1. Advisory Approval of Named Executive Officer Compensation:
  • Result: Approved on an advisory basis.
  • Votes: 65,709,170 for, 1,365,246 against, 117,803 abstentions.

Summary of Votes:

  • Quorum: Achieved with 70,662,912 shares.
  • Key Decisions: The stockholders approved all proposals, including the election of directors and the appointment of the accounting firm.

Additional Notes:

  • The document confirms that Grid Dynamics Holdings, Inc. is not classified as an emerging growth company.

This summary provides a concise overview of the important events and decisions made during the Annual Meeting, as well as essential company information relevant to shareholders and analysts.