Aurora Innovation, Inc 8-K, filed May 24, 2024
Aurora Innovation, Inc. (AUR)
8-K
2024-05-24
For: 2024-05-23
View Original
Added on
April 08, 2026
About this 8-K
Aurora Innovation, Inc filed this 8-K on May 24, 2024, reporting on events of May 23, 2024.
Items reported
- Item 5.03: Charter or bylaw amendment, or fiscal year change
- Item 5.07: Shareholder vote results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 23, 2024
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
(888 ) 583-9506
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2).
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 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On May 23, 2024, Aurora Innovation, Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”). As described in Item 5.07 below, the Company’s stockholders approved a proposed amendment to the Company’s Certificate of Incorporation to reflect recently adopted Delaware law provisions regarding officer exculpation (the “Exculpation Amendment”).
The foregoing summary and description of the Exculpation Amendment does not purport to be complete and is qualified in its entirety by reference, and should be read in conjunction with, the full text of the Certificate of Amendment to the Company’s Certificate of Incorporation (the “Certificate of Amendment”), a copy of which is filed as Exhibit 3.1 hereto and is incorporated herein by reference. The Certificate of Amendment was filed with the Secretary of State of the State of Delaware and became effective on May 24, 2024.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company’s stockholders voted on five proposals at the Annual Meeting, each of which is described in more detail in the Company’s definitive proxy statement filed with the United States Securities and Exchange Commission on April 5, 2024. Holders of the Company’s Class A common stock were entitled to one vote for each share held as of the close of business on April 1, 2024 (the “Record Date”) and holders of the Company’s Class B common stock were entitled to ten votes for each share held as of the close of business on the Record Date. The Class A Common Stock and Class B Common Stock voted as a single class on all matters. Present at the Meeting in person or by proxy were holders of 1,363,593,654 shares of Class A common stock and Class B common stock, together representing a total of 4,175,472,735 votes, or more than 86% of the eligible votes as of the Record Date, and constituting a quorum. The final results with respect to each such proposal are set forth below:
Proposal 1 - Election of Directors.
The stockholders elected each of the three persons named below as Class III directors to serve until the 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified. The results of such vote were:
| Director Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||||||||||||||||
| Brittany Bagley | 3,962,064,527 | 87,941,836 | 125,466,372 | |||||||||||||||||
| Reid Hoffman | 3,772,372,035 | 277,634,328 | 125,466,372 | |||||||||||||||||
| Claire D'Oyly-Hughes Johnson | 3,962,370,578 | 87,635,785 | 125,466,372 | |||||||||||||||||
Proposal 2 - Amendment to the Company’s Certificate of Incorporation to Reflect Recently Adopted Delaware Law Provisions Regarding Officer Exculpation.
The stockholders approved an amendment to the Company’s Certificate of Incorporation to reflect recently adopted Delaware law provisions regarding officer exculpation. The results of such vote were:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 3,566,928,212 | 362,343,394 | 120,734,757 | 125,466,372 | |||||||||||||||||
Proposal 3 - Advisory Vote on the Compensation of Named Executive Officers.
The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers. The results of such vote were:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 3,897,742,800 | 31,364,946 | 120,898,617 | 125,466,372 | |||||||||||||||||
Proposal 4 - Advisory Vote on the Frequency of Future Stockholder Advisory Votes on the Compensation of Named Executive Officers.
The stockholders advised that they were in favor of every one year as the frequency of holding a non-binding advisory vote on the the compensation of the Company’s named executive officers. The results of such vote were:
| 1 YEAR | 2 YEARS | 3 YEARS | ABSTAIN | Broker Non-Votes | ||||||||||||||||||||||
| 3,923,807,087 | 172,491 | 5,397,850 | 120,628,935 | 125,466,372 | ||||||||||||||||||||||
Based on the results of the vote and consistent with the recommendation of the Company’s Board of Directors (the “Board”) with respect to the proposal, the Board has determined to hold a non-binding advisory vote regarding the compensation of the Company's named executive officers every one year until the earlier of (i) when such a vote is no longer required by law or (ii) when otherwise determined by the Board, including following a review of the next stockholder advisory vote on the frequency of the advisory vote to approve the compensation of the Company’s named executive officers.
Proposal 5 - Ratification of Appointment of Independent Registered Public Accounting Firm.
The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The results of such vote were:
| For | Against | Abstain | ||||||||||||
| 4,049,855,790 | 4,925,431 | 120,691,514 | ||||||||||||
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| 3.1 | ||||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). | |||||||
SIGNATURE
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 hereunto duly authorized.
Dated: May 24, 2024
AURORA INNOVATION, INC. | ||||||||
| By: | /s/ David Maday | |||||||
| Name: | David Maday | |||||||
| Title: | Chief Financial Officer | |||||||
Exhibit 3.1
CERTIFICATE OF AMENDMENT
TO THE
CERTIFICATE OF INCORPORATION
OF
AURORA INNOVATION, INC.
(Pursuant to Section 242 of the
General Corporation Law of the State of Delaware)
Aurora Innovation, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), certifies that:
1.The name of the Corporation is Aurora Innovation, Inc. The Corporation’s original Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on November 3, 2021 (the “Certificate of Incorporation”).
2.Pursuant to Section 242 of the General Corporation Law of the State of Delaware (the “General Corporation Law”), this Certificate of Amendment to the Certificate of Incorporation (this “Certificate of Amendment”) amends the provisions of the Certificate of Incorporation.
3.Pursuant to Section 242 of the General Corporation Law, the Board of Directors of the Corporation duly adopted resolutions setting forth the terms and provisions of this Certificate of Amendment, declaring the terms and provisions of this Certificate of Amendment to be advisable, and directing that the terms and provisions of this Certificate of Amendment be submitted to and considered by the stockholders of the Corporation for approval.
4.The Certificate of Incorporation is hereby amended by amending and restating Article IX in its entirety as follows:
“Article IX
To the fullest extent permitted by law, no director or officer of the Corporation shall be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, except to the extent such exemption from liability or limitation thereof is not permitted under the Delaware General Corporation Law as the same exists or hereafter may be amended. Without limiting the effect of the preceding sentence, if the Delaware General Corporation Law is hereafter amended to authorize the further elimination or limitation of the liability of a director or officer, then the liability of a director or officer of the Corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as so amended.
Neither any amendment, repeal nor elimination of this Article IX, nor the adoption of any provision of this Certificate of Incorporation inconsistent with this Article IX, shall eliminate, reduce or otherwise adversely affect any limitation on the personal liability of a director or officer of the Corporation existing at the time of such amendment, repeal, elimination or adoption of such an inconsistent provision.”
5.The terms and provisions of this Certificate of Amendment have been duly approved by the holders of the required number of shares of outstanding capital stock of the Corporation entitled to vote thereon pursuant to Section 242 of the General Corporation Law.
* * *
This Certificate of Amendment shall be effective at 3:00 p.m. Eastern Time on May 24, 2024.
[Signature Page Follows]
IN WITNESS WHEREOF, this Certificate of Amendment is duly executed by the undersigned officer of the Corporation on May 24, 2024.
By: /s/ Chris Urmson
Name: Chris Urmson
Title: Chief Executive Officer