ACVA 8-K
ACV Auctions Inc. (ACVA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 30, 2023, ACV Auctions Inc. (the “Company”) held its Annual Meeting of Stockholders (“Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on the four proposals set forth below. A more detailed description of each proposal is set forth in the Company’s proxy statement filed with the Securities and Exchange Commission on April 19, 2023.
Proposal 1 – Election of Directors
Brian Hirsch and Eileen A. Kamerick were each elected to serve as a Class II director of the Company’s Board of Directors until the 2026 Annual Meeting of Stockholders and until his or her successor is duly elected or until his or her earlier resignation or removal. The voting results were as follows:
Nominee |
Votes For |
Votes Against |
Votes Withheld |
Broker Non-Votes |
Brian Hirsch |
387,917,655 |
0 |
716,062 |
18,507,414 |
Eileen A. Kamerick |
354,997,478 |
0 |
33,636,239 |
18,507,414 |
Proposal 2 – Approval of Executive Compensation
The stockholders approved, on a non-binding, advisory basis, the compensation of our named executive officers. The voting results were as follows:
Votes For |
Votes Against |
Votes Withheld |
Broker Non-Votes |
387,714,859 |
884,133 |
34,725 |
18,507,414 |
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Proposal 3 – Approval of Frequency of Executive Compensation Votes
The stockholders approved, on a non-binding, advisory basis, the frequency of one year for future non-binding, advisory votes to approve the compensation of our named executive officers. The voting results were as follows:
Votes For 1 yr. |
Votes For 2 yr. |
Votes For 3 yr. |
Votes Withheld |
Broker Non-Votes |
307,436,886 |
6,602 |
81,097,706 |
92,523 |
18,507,414 |
Proposal 4 - Ratification of the Appointment of Independent Registered Public Accounting Firm
The stockholders ratified the appointment of Ernst and Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows:
Votes For |
Votes Against |
Votes Withheld |
Broker Non-Votes |
407,087,402 |
47,391 |
6,338 |
0 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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ACV Auctions Inc. |
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Date: |
June 1, 2023 |
By: |
/s/ Leanne Fitzgerald |
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Leanne Fitzgerald, Chief Legal Officer |