GDYN 8-K
Grid Dynamics Holdings, Inc. (GDYN)
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)
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (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) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| 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 | 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 or Rule 12b-2 of the Securities Exchange Act of 1934.
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.
The 2023 Annual Meeting of Stockholders (the “Annual Meeting”) of Grid Dynamics Holdings, Inc. (the “Company”) was held on December 19, 2023. Present at the Annual Meeting in person or by proxy were holders of 70,461,354 shares of the Company’s common stock, representing 93.21% of the voting power of the shares of the Company’s common stock outstanding as of October 26, 2023, the record date for the Annual Meeting, and constituting a quorum for the transaction of business. The matters that were voted upon at the Annual Meeting, and the number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each such matter, where applicable, are set forth below.
Proposal 1: Election of Three Class I Directors to Serve Until the 2026 Annual Meeting of Stockholders:
The Company’s stockholders elected the Company’s nominees for Class I directors to serve on the Company’s board of directors (the “Board”) until the Company’s 2026 annual meeting of stockholders.
| Votes For | Votes Withheld | Broker Non-Votes | ||||||||||
| Leonard Livschitz | 54,896,111 | 12,060,346 | 3,504,897 | |||||||||
| Shuo Zhang | 53,439,471 | 13,516,986 | 3,504,897 | |||||||||
| Marina Levinson | 54,679,622 | 12,276,835 | 3,504,897 | |||||||||
Proposal 2: Ratification of the Appointment of Grant Thornton LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023:
The Company’s stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered accounting firm for the fiscal year ending December 31, 2023.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 70,322,861 | 517 | 137,976 | — |
Proposal 3: Advisory Approval of Named Executive Officer Compensation:
The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 36,608,011 | 30,044,022 | 304,424 | 3,504,897 |
Proposal 4: Advisory Approval of Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation:
The Company’s stockholders approved, on an advisory basis, to hold future advisory votes to approve the compensation of the Company’s named executive officers every one year.
| 1 Year | 2 Years | 3 Years | Abstentions | Broker Non-Votes | ||||
| 65,474,151 | 2,323 | 1,340,150 | 139,833 | 3,504,897 |
Consistent with the results of this vote and the Board’s recommendation
in the proxy statement for the Annual Meeting, the Company will hold an advisory vote on the compensation of the Company’s named
executive officers every year until the next required advisory vote on the frequency of such votes.
1
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: December 19, 2023 | GRID DYNAMICS HOLDINGS, INC. | |
| By: | /s/ Anil Doradla | |
| Name: | Anil Doradla | |
| Title: | Chief Financial Officer | |
2