Guidewire Software, Inc. (NYSE:GWRE) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
On December 6, 2018, the Company held its Annual Meeting of Stockholders (the “Annual Meeting”). The three proposals considered at the Annual Meeting are described in detail in the Company's 2018 definitive proxy statement filed with the U.S. Securities and Exchange Commission on November 5, 2018. The following proposals were voted upon and the final results with respect to each such proposal are set forth below:
|
1. |
Election of Three Class I Directors |
The stockholders elected each of the three persons named below to serve as a Class I director of the Company for a three-year term that expires at the Company's annual meeting of stockholders in 2021 and until their successors are duly elected and qualified. The results of such vote were:
|
Director Name |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
Percentage of Votes in Favor |
|
Peter Gassner |
67,801,294 |
4,470,490 |
79,429 |
4,615,764 |
93.71% |
|
Paul Lavin |
64,671,239 |
7,173,232 |
506,742 |
4,615,764 |
89.39% |
|
Marcus S. Ryu |
71,016,495 |
1,263,705 |
71,013 |
4,615,764 |
98.15% |
2. Ratification of Appointment of Independent Registered Public Accounting Firm
The stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending July 31, 2019. The results of such vote were:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
Percentage of Votes in Favor |
|
76,084,144 |
792,210 |
90,623 |
98.85% |
3.Advisory Vote on Compensation of the Company's Named Executive Officers
The stockholders approved, on an advisory non-binding basis, the compensation of the Company's named executive officers, as disclosed in the Company's 2018 proxy statement. The results of such vote were:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
Percentage of Votes in Favor |
|
37,998,342 |
33,505,725 |
847,146 |
4,615,764 |
52.52% |
|
4. |
Stockholder Proposal Requesting that the Company Take Action to Declassify the Board of Directors |
The stockholders approved the stockholder proposal requesting that the Company take action to declassify the Board of Directors. The results of such vote were:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
Percentage of Votes in Favor |
|
66,686,403 |
5,562,090 |
102,720 |
4,615,764 |
92.17% |
About Guidewire Software, Inc. (NYSE:GWRE)
Guidewire Software, Inc. is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers. The Company’s core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. The Company’s data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. The Company’s digital engagement includes Guidewire Digital Portals.
