RINGCENTRAL, INC. (NYSE:RNG) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM5.07.
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Submission of Matters to a Vote of Security Holders. |
On June2, 2017, RingCentral, Inc. (the Company) held the Annual
Meeting of Stockholders at the Pullman San Francisco Bay Hotel,
located at 223 Twin Dolphin Drive, Redwood City, California 94065
(the Annual Meeting). Stockholders of record at the close of
business on April24, 2017 (the Record Date) were entitled to vote
at the Annual Meeting.
Each share of ClassA common stock was entitled to one vote on
each proposal and each share of ClassB common stock was entitled
to ten votes on each proposal. The ClassA common stock and ClassB
common stock voted as a single class on all matters.
Present at the Annual Meeting in person or by proxy were holders
of 54,178,522 shares of ClassA common stock, representing
54,178,522 votes of ClassA common stock and 11,757,105 shares of
ClassB common stock, representing 117,571,050 votes of ClassB
common stock, together representing a total of 171,749,572 votes,
or more than 90% of the eligible votes, and constituting a
quorum.
The stockholders of the Company voted on the following items at
the Annual Meeting:
| 1. |
To elect five directors to serve until the 2018 annual meeting of stockholders and until their successors are duly elected and qualified; |
| 2. |
To ratify the appointment of KPMG LLP as the Companys independent registered public accounting firm for the Companys fiscal year ending December31, 2017; and |
| 3. |
To approve, on an advisory (non-binding) basis, the named executive officers compensation as disclosed in the proxy statement. |
The voting results for each of these proposals are detailed
below.
Proposal 1: The Companys stockholders elected
five directors to the board of directors (the Board) to serve for
a one year term until the 2018 annual meeting of stockholders.
The votes for each director were as follows:
|
Nominee |
For | Withheld | BrokerNon-votes | |||||||||
|
Vladimir Shmunis |
162,134,005 | 372,295 | 9,243,272 | |||||||||
|
Neil Williams |
162,327,640 | 178,660 | 9,243,272 | |||||||||
|
Robert Theis |
161,391,443 | 1,114,857 | 9,243,272 | |||||||||
|
Michelle McKenna-Doyle |
160,931,348 | 1,574,952 | 9,243,272 | |||||||||
|
Allan Thygesen |
161,306,204 | 1,200,096 | 9,243,272 |
Proposal 2. The Companys stockholders ratified
the appointment of KPMG LLP as the Companys independent
registered public accounting firm for the fiscal year ending
December31, 2017. The votes regarding the proposal were as
follows:
|
For |
Against |
Abstain |
Broker Non-votes |
|||
|
171,608,302 |
76,194 | 65,076 |
Proposal 3. The Companys stockholders voted in
favor of the named executive officers compensation as disclosed
in the proxy statement. The votes regarding the proposal were as
follows:
|
For |
Against |
Abstain |
Broker Non-votes |
|||
|
153,520,164 |
8,787,445 | 198,691 | 9,243,272 |
In accordance with the stockholders preference, the Board intends
to hold a non-binding advisory vote on named executive officers
compensation every year.
About RINGCENTRAL, INC. (NYSE:RNG)
RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for business communications. The Company’s cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including voice, text, team messaging collaboration, high definition (HD) video for Web conferencing and fax. The Company’s products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and Glip by RingCentral. RingCentral Office is a multi-user, enterprise-grade communications solution. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments, and RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.