INOVALON HOLDINGS,INC. (NASDAQ:INOV) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
At the annual meeting of stockholders of Inovalon Holdings, Inc. (the “Company”) held on June 6, 2018 (the “Annual Meeting”), the Company’s stockholders voted on the following matters: (1) the election of seven directors to hold office until the 2019 annual meeting of stockholders or until their successors are duly elected and qualified, including Keith R. Dunleavy, M.D., Denise K. Fletcher, William D. Green, André S. Hoffmann, Mark A. Pulido, Lee D. Roberts and William J. Teuber, Jr.; (2) the ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018; and (3) a non-binding advisory vote to approve the compensation of the Company’s Named Executive Officers as defined and described in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 23, 2018 (“Proxy Statement”). The final results for the votes regarding each proposal are set forth below.
Proposal 1 – Election of Directors
At the Annual Meeting, the following persons comprising the entire previous Board of Directors of the Company (“Board”) were duly elected as directors of the Company to hold office until the 2019 annual meeting of stockholders or until their successors are duly elected and qualified: Keith R. Dunleavy, M.D., Denise K. Fletcher, William D. Green, André S. Hoffmann, Mark A. Pulido, Lee D. Roberts and William J. Teuber,Jr. The table below sets forth the voting results for each director nominee:
Nominee |
For |
Withheld |
Broker Non-Votes |
Keith R. Dunleavy, M.D. |
795,597,451 |
3,215,688 |
8,041,134 |
Denise K. Fletcher |
792,201,967 |
6,611,172 |
8,041,134 |
William D. Green |
790,507,326 |
8,305,813 |
8,041,134 |
André S. Hoffmann |
792,191,722 |
6,621,417 |
8,041,134 |
Mark A. Pulido |
798,548,209 |
264,930 |
8,041,134 |
Lee D. Roberts |
795,485,540 |
3,327,599 |
8,041,134 |
William J. Teuber, Jr. |
792,199,204 |
6,613,935 |
8,041,134 |
Proposal 2 – Ratification of Selection of Independent Registered Auditor
At the Annual Meeting, the Company’s stockholders ratified the selection of Deloitte& Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018. The table below sets forth the voting results for this proposal:
For |
Against |
Abstained |
|
Deloitte & Touche LLP |
805,951,116 |
891,340 |
11,817 |
Proposal 3 – Non-binding Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers
At the Annual Meeting, the Company’s stockholders approved a non-binding advisory resolution to approve the compensation of the Company’s Named Executive Officers, as described in the Proxy Statement. The table below sets forth the voting results for the non-binding advisory vote to approve the compensation of the Company’s Named Executive Officers:
For |
Against |
Abstained |
Broker Non-Votes |
794,804,391 |
4,000,565 |
8,183 |
8,041,134 |
About INOVALON HOLDINGS,INC. (NASDAQ:INOV)
Inovalon Holdings, Inc. is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. The Company operates through developing cloud-based data analytics and data-driven intervention platforms segment and provides related services to its clients. The Company’s datasets, integration technologies, predictive analytics and subject matter expertise allows the Company to provide platforms. Its analytics platforms identify gaps in care, quality, data integrity and financial performance in its clients’ datasets. The Company’s data analytics and intervention platforms consist of four primary components: data integration, advanced analytics, intervention platforms and business processing. The Company integrates data into its systems through its Extract, Transform, Load (ETL) tools and processes.