FORTINET, INC. (NASDAQ:FTNT) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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FORTINET, INC. (NASDAQ:FTNT) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Annual Meeting of Stockholders of Fortinet, Inc. (Fortinet
or the Company) held on June 23, 2017 (the Annual Meeting), there
were present in person or by proxy, holders of 156,427,154 shares
of common stock, or approximately 89% of the total outstanding
shares eligible to be voted. The holders present voted on the
four proposals presented at the Annual Meeting as follows:
Proposal One Election of Directors
Fortinets stockholders approved the election of two Class II
directors to Fortinets Board of Directors (Board) by the
following votes:
Nominee
Votes For
Votes Against
Abstentions
Broker Non-Votes
Michael Xie
122,423,686
7,300,566
125,384
26,577,518
William H. Neukom
128,592,867
1,128,339
128,430
26,577,518
Proposal Two Ratification of Appointment of Independent
Registered Accounting Firm
Fortinets stockholders ratified the appointment of Deloitte
Touche LLP as the Companys independent registered accounting firm
for the fiscal year ending December 31, 2017 by the following
votes:
Votes For
Votes Against
Abstentions
152,799,361
3,513,739
114,054
Proposal Three Advisory Vote on Named Executive Officer
Compensation
Fortinets stockholders cast their votes with respect to the
advisory vote on Fortinets named executive officer compensation
as follows:
Votes For
Votes Against
Abstentions
Broker Non-Votes
124,607,807
5,113,664
128,165
26,577,518
Proposal Four >Advisory Vote on the Frequency of Future
Advisory Votes on Named Executive Officer Compensation
Fortinets stockholders cast their votes with respect to the
advisory vote on the frequency of future advisory votes on
Fortinets named executive officer compensation as follows:
1 Year
2 Years
3 Years
Abstentions
Broker Non-Votes
103,609,494
122,629
26,014,017
103,496
26,577,518
Based on these results and consistent with the Companys
recommendation, the Board has determined that the Company will
conduct future advisory votes regarding the compensation to be
paid by the Company to its named executive officers once every
year. This policy will remain in effect until the next
stockholder vote on the frequency of advisory votes on the
compensation of named executive officers, which is expected to be
held at the Companys 2023 Annual Meeting of Stockholders.


About FORTINET, INC. (NASDAQ:FTNT)

Fortinet, Inc. provides cyber security solutions to enterprises, service providers and government organizations across the world. The Company’s flagship network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company’s product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. The Company’s cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.