MODEL N, INC. (NYSE:MODN) 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.
Model N, Inc. held its Annual Meeting of Stockholders on February 15, 2019 at Model N, Inc., located at 777 Mariners Island Blvd., Suite 300, San Mateo, California. At the annual meeting, our stockholders voted on four proposals, each of which is described in more detail in our definitive proxy statement filed with the U.S. Securities and Exchange Commission on January 3, 2019. The following is a brief description of each matter voted upon and the certified results, including the number of votes cast for or against each matter and the number of abstentions, if applicable, and broker non-votes with respect to each matter.
Our stockholders voted on the following items at the annual meeting:
|
1. |
To elect two Class III directors to serve until the 2022 Annual Meeting of Stockholders and until their successors are elected and qualified, subject to earlier resignation or removal; |
|
2. |
To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2019; |
|
3. |
To hold a non-binding advisory vote on the compensation of our named executive officers as disclosed in the proxy statement; and |
|
4. |
To hold a non-binding advisory vote on whether future non-binding advisory votes to approve the compensation of our named executive officers should be held every one, two or three years. |
All nominees for director were elected to serve until the 2022 annual meeting of stockholders and until their successors are elected and qualified, subject to earlier resignation or removal. The voting results were as follows:
|
Director Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
Percentage of Votes in Favor |
|
Jason Blessing |
25,470,502 |
1,091,434 |
2,593,476 |
95.89% |
|
Dave Yarnold |
25,470,502 |
1,091,434 |
2,593,476 |
95.89% |
Stockholders ratified the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2019. The voting results were as follows:
|
Votes For |
Votes Against |
Votes Abstain |
Broker Non-Vote |
Percentage of Votes in Favor |
|
28,928,624 |
226,661 |
99.22% |
Stockholders voted for an advisory vote regarding named executive officer compensation. The voting results were as follows:
|
Votes For |
Votes Against |
Votes Abstain |
Broker Non-Vote |
Percentage of Votes in Favor |
|
18,895,126 |
6,978,598 |
688,212 |
2,593,476 |
71.14% |
Stockholders voted for an advisory vote on whether future non-binding advisory votes to approve the compensation of our named executive officers should be held every one, two or three years. The voting results were as follows:
|
Every 1 Year |
Every 2 Years |
Every 3 Years |
Abstain |
Broker Non-Vote |
Percentage of Votes in Favor of Every 1 Year |
|
26,023,553 |
38,993 |
71,538 |
427,852 |
2,593,476 |
97.97% |
About MODEL N, INC. (NYSE:MODN)
Model N, Inc. is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process. The Company’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy Revenue Management. The Company provides solutions that span the organizational and operational boundaries of functions, such as sales, marketing and finance, and serve as a system of record for revenue management processes, including pricing, contracts, rebates, incentives and regulatory compliance. The Company’s application suites are designed to work with enterprise resource planning (ERP) and customer relationship management (CRM) applications. The Company also offers implementation services, managed services, strategic services and customer support.
