Item 5.07. Submission of Matters to a Vote of Security Holders.
On
1.To elect two Class I directors, each to hold office until the Company's 2024 annual meeting of stockholders and until his or her successor has been duly elected and qualified or until such director's earlier death, resignation or removal; 2.To ratify the selection ofDeloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year endingJune 30, 2022 ; and 3.To approve, on an advisory (non-binding) basis, the frequency of future advisory votes to approve the compensation of the Company's named executive officers. Holders of the Company's Class A common stock, par value$0.00001 per share (the "Class A Common Stock"), were entitled to one vote on each proposal for each share held as of the close of business onOctober 8, 2021 (the "Record Date"), and holders of the Company's Class B common stock, par value$0.00001 per share (the "Class B Common Stock"), were entitled to fifteen votes on each proposal for each share held as of the close of business on the Record Date. The Class A Common Stock and the Class B Common Stock voted as a single class on all matters.
At the beginning of the Annual Meeting, present in person or by proxy were holders of Class A Common Stock and Class B Common Stock together representing 71.05% of the combined voting power of all issued and outstanding shares of Class A Common Stock and Class B Common Stock entitled to vote at the Annual Meeting, constituting a quorum.
The final voting results for each of these proposals are detailed below.
1.Election of Directors
Nominee Votes For Abstentions Broker Non-Votes Libor Michalek 941,119,618 612,845 25,272,094 Jacqueline D. Reses 907,119,165 34,613,297 25,272,094
Each director nominee was duly elected as a Class I director to serve until the Company's 2024 annual meeting of stockholders and until his or her successor has been duly elected and qualified or until such director's earlier death, resignation or removal.
2.Ratification of Appointment of Independent Registered Public Accounting Firm
Votes For Votes Against Abstentions Broker Non-Votes 966,756,454 107,650 140,452 0
The stockholders ratified the appointment of
3.Approval, on an Advisory Basis, of the Frequency of Future Advisory Votes to Approve the Compensation of Named Executive Officers
One Year Two Years Three Years Abstentions 941,133,050 130,850 379,876 88,686
In accordance with the votes set forth above, in which "one year" received the highest number of votes, the Company has decided to hold future advisory votes to approve our named executive officers' compensation every year until the next required say-on-pay frequency vote.
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