Copart Inc 8-K, filed Dec 14, 2023
Copart Inc (CPRT)
8-K
2023-12-14
For: 2023-12-08
View Original
Added on
April 11, 2026
About this 8-K
Copart Inc filed this 8-K on December 14, 2023, reporting on events of December 8, 2023.
Items reported
- Item 5.07: Shareholder vote results
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)
(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 No.) | |||||||||||||||
(Zip Code) | |||||||||||||||||
(972 ) 391-5000
Registrant's telephone number, including area code
| Not applicable | ||
| (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 (see General Instruction A.2. below):
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 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.
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INFORMATION INCLUDED IN THIS REPORT
Section 5 — Corporate Governance & Management
| Item 5.07 | Submission of Matters to a Vote of Security Holders. | ||||
We held our 2023 annual meeting of stockholders on December 8, 2023 (the “Annual Meeting”). Of the 960,183,475 shares of our common stock outstanding as of the record date of October 13, 2023, 868,333,246 shares were represented at the Annual Meeting, either in person or by proxy, constituting approximately 90% of the outstanding shares of common stock. The matters voted on at the Annual Meeting and the votes cast with respect to each such matter are set forth below.
| 1. | Election of Directors. The stockholders elected the following nominees to serve as directors, each to hold office until the Company’s 2024 annual meeting of stockholders or until their respective successors are duly elected and qualified: | ||||||||||||||||||||||||||||
| Nominee | Votes For | Votes Against | Votes Withheld | Broker Non-Votes | |||||||||||||||||||||||||
| Willis J. Johnson | 795,551,222 | 38,231,656 | 620,103 | 33,930,265 | |||||||||||||||||||||||||
| A. Jayson Adair | 819,149,536 | 14,632,918 | 620,527 | 33,930,265 | |||||||||||||||||||||||||
| Matt Blunt | 791,140,751 | 36,852,793 | 6,409,437 | 33,930,265 | |||||||||||||||||||||||||
| Steven D. Cohan | 761,078,634 | 66,382,219 | 6,942,128 | 33,930,265 | |||||||||||||||||||||||||
| Daniel J. Englander | 736,200,889 | 91,818,621 | 6,383,471 | 33,930,265 | |||||||||||||||||||||||||
| James E. Meeks | 793,668,428 | 33,862,424 | 6,872,129 | 33,930,265 | |||||||||||||||||||||||||
| Thomas N. Tryforos | 785,566,143 | 48,095,441 | 741,397 | 33,930,265 | |||||||||||||||||||||||||
| Diane M. Morefield | 720,433,364 | 113,231,950 | 737,667 | 33,930,265 | |||||||||||||||||||||||||
| Stephen Fisher | 823,084,931 | 10,612,293 | 705,757 | 33,930,265 | |||||||||||||||||||||||||
| Cherylyn Harley LeBon | 796,076,823 | 37,651,100 | 675,058 | 33,930,265 | |||||||||||||||||||||||||
| Carl D. Sparks | 793,095,486 | 40,500,201 | 807,294 | 33,930,265 | |||||||||||||||||||||||||
| 2. | Advisory Vote on Approval of Executive Compensation. On an advisory (non-binding) basis, the stockholders approved the compensation of our named executive officers for the year ended July 31, 2023 as disclosed in our proxy statement, based on the following results of voting: | ||||||||||||||||||||||||||||||||||
| Votes For | Votes Against | Votes Withheld | Broker Non-Votes | |||||||||||||||||
| 663,404,339 | 164,565,948 | 6,432,694 | 33,930,265 | |||||||||||||||||
| 3. | Advisory Vote on Frequency of Advisory Vote on Executive Compensation. On an advisory (non-binding) basis, the stockholders indicated their preference that an advisory vote on executive compensation occur annually: | ||||||||||||||||||||||||||||||||||
| One Year | Two Years | Three Years | Votes Withheld | Broker Non-Votes | ||||||||||||||||||||||
| 818,528,488 | 1,939,070 | 13,267,373 | 668,050 | 33,930,265 | ||||||||||||||||||||||
Based on the approval of one year as the frequency of a stockholder vote on executive compensation, the Company's board of directors has determined that it will hold an advisory vote on the compensation of Copart's named executive officers annually until the next required vote on the frequency of such a stockholder advisory vote.
| 4. | Ratification of Appointment of Independent Registered Public Accounting Firm. The stockholders ratified the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending July 31, 2024, based on the following results of voting: | ||||||||||||||||||||||||||||||||||
| Votes For | Votes Against | Votes Withheld | Broker Non-Votes | |||||||||||||||||
| 857,466,735 | 10,377,838 | 488,673 | — | |||||||||||||||||
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 hereunto duly authorized.
Dated: December 14, 2023 COPART, INC.
| By: | /s/ Paul K. Kirkpatrick | ||||||||||
| Paul K. Kirkpatrick | |||||||||||
| Senior Vice President, Chief Legal Officer, and Secretary | |||||||||||