EXTR 8-K
Extreme Networks Inc (EXTR)
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
Date of report (date of earliest event reported):
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
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(Commission File No.) |
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(I.R.S. Employer Identification No.) |
(Address of principal executive offices)
Registrant's telephone number, including area code:
(
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:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Name of each exchange on which registered |
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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 5.03 |
Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On November 8, 2023, Extreme Networks, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation (the “Amendment”), which had previously been adopted by the Company’s Board of Directors (the “Board”) subject to stockholder approval at the Annual Meeting. The Amendment updates the exculpation provision with respect to certain officers of the Company as permitted by recent amendments to the General Corporation Law of the State of Delaware. A description of the Amendment is included in the section titled “Proposal Six: Approve Amendments to the Company’s Certificate of Incorporation to Provide for Officer Exculpation” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “Commission”) on September 26, 2023 (the “Definitive Proxy Statement”), which description is incorporated herein by reference.
As a result, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware on November 8, 2023, which became effective upon filing (the “Certificate of Amendment”). The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
(a) On November 8, 2023, Extreme Networks, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). There were 129,529,878 shares entitled to be voted and 111,612,774 shares were voted in person or by proxy at the Annual Meeting.
(b) The following proposals were considered and voted on by the stockholders at the Annual Meeting and the results below were certified by the Inspector of Elections:
Proposal 1 – The following seven director nominees were elected for a one-year term:
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For |
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Withheld |
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Broker Non-Votes |
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Ingrid J. Burton |
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91,978,732 |
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5,202,856 |
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14,431,186 |
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Charles P. Carinalli |
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88,279,989 |
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8,901,599 |
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14,431,186 |
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Kathleen M. Holmgren |
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91,939,102 |
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5,242,486 |
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14,431,186 |
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Edward H. Kennedy |
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92,990,385 |
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4,191,203 |
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14,431,186 |
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Rajendra Khanna |
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96,276,429 |
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905,159 |
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14,431,186 |
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Edward B. Meyercord |
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95,212,626 |
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1,968,962 |
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14,431,186 |
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John C. Shoemaker |
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82,793,306 |
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14,388,282 |
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14,431,186 |
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Proposal 2 – The compensation of the Company’s named executive officers was approved, on an advisory basis:
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Votes |
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92,686,423 |
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4,194,693 |
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300,472 |
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14,431,186 |
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Proposal 3 – The advisory vote regarding the frequency of holding future advisory votes to approve the Company's named executive officers' compensation every one year was approved:
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1 Year |
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2 Years |
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3 Years |
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Abstain |
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Broker Non-Votes |
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Votes |
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93,640,470 |
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319,250 |
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3,029,506 |
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192,362 |
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14,431,186 |
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Proposal 4 – The appointment of Grant Thornton LLP as independent auditors for the Company for the fiscal year ending June 30, 2024 was ratified:
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Votes |
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111,265,995 |
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101,449 |
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245,330 |
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14,431,186 |
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Proposal 5 – The Amendment and Restatement of the Company’s Amended and Restated 2013 Equity Incentive Plan was approved:
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Votes |
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79,278,960 |
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17,544,496 |
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358,132 |
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14,431,186 |
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Proposal 6 – The Amendment and Restatement of the Company’s Restated Certificate of Incorporation to provide for officer exculpation was approved:
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Votes |
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86,581,768 |
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10,143,176 |
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456,644 |
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14,431,186 |
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Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
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Description |
3.1 |
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Certificate of Amendment to Amended and Restated Certificate of Incorporation. |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
Date: November 9, 2023
EXTREME NETWORKS, INC. |
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By: |
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/s/ Katayoun ("Katy") Motiey |
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Katayoun ("Katy") Motiey |
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Chief Legal, Administrative and Sustainability Officer |
Exhibit 3.1
CERTIFICATE OF AMENDMENT TO
AMDNED AND RESTATED CERTIFICATE OF INCORPORATION OF
EXTREME NETWORKS, INC.
Extreme Networks, Inc. (the “Corporation”), a corporation duly organized and existing under the General Corporation Law of the State of Delaware (the “General Corporation Law”), does hereby certify that:
FIRST: The name of the Corporation is Extreme Networks, Inc.
SECOND: The Corporation was originally incorporated pursuant to the General Corporation Law on January 7, 1999 under the name Extreme Networks, Inc.
THIRD: The Board of Directors of the Corporation duly adopted resolutions setting forth a proposed amendment (the “Certificate of Amendment”) to the Amended and Restated Certificate of Incorporation, declaring the Certificate of Amendment to be advisable and in the best interests of the Corporation and its stockholders, and authorizing the appropriate officers of the Corporation to solicit the approval of the stockholder therefor at a meeting of the stockholders, which resolutions setting forth the proposed amendment are as follows:
RESOLVED, that Article EIGHTH of the Amended and Restated Certificate of Incorporation of the Corporation, as amended and/or restated to date, be amended and restated in its entirety to read as follows:
A director or officer of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, as applicable, 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.
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.
Any repeal or modification of the foregoing provisions of this Article EIGHTH by the stockholders of the Corporation shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification.
FOURTH: This Certificate of Amendment has been duly adopted by the Corporation’s stockholders in accordance with the applicable provisions of Section 242 of the General Corporation Law.
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IN WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment to the Amended and Restated Certificate of Incorporation to be executed by its duly authorized officer on this 8th day of November, 2023.
EXTREME NETWORKS, INC. |
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/s/ Edward B. Meyercord |
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Edward B. Meyercord |
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President and Chief Executive Officer |
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