BroadSoft, Inc. (NASDAQ:BSFT) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
As reported in the Original Form 8-K, at the 2017 Annual Meeting, a majority of the Company’s stockholders that voted on the matter indicated a preference to hold, on a non-binding, advisory basis, the Company’s future say on pay advisory vote on an annual basis. In accordance with the original recommendation of the Company’s Board of Directors (the “Board”), as set forth in the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on March17, 2017, and consistent with the stockholder voting results, on July27, 2017, the Board determined that the say on pay vote will be conducted annually, until the next stockholder vote on say on pay frequency, which vote will occur no later than the Company’s 2023 annual meeting of stockholders.
About BroadSoft, Inc. (NASDAQ:BSFT)
BroadSoft, Inc. is a provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The Company offers service providers two deployment options, software and software-as-a-service (SaaS), to enable them to offer UC services to their enterprise customers. Hosted UC enables the delivery of Private Branch Exchange (PBX) features without the need for premise-based equipment. Hosted UC can be delivered through service providers using their own Internet protocol (IP)-based networks, as well as over the public Internet. In addition to voice telephony, UC offers additional features, such as full integration with mobile devices, conferencing, instant messaging and presence (IM&P) and Web collaboration. Its Hosted UC products enable service providers to offer enterprises IP PBX and UC features through a hosted service rather than through premise-based equipment, such as PBXs.