8-K

NETFLIX INC (NFLX)

8-K 2025-06-06 For: 2025-06-05
View Original
Added on April 02, 2026

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):

June 5, 2025

__________________________________

NETFLIX, INC.

(Exact name of registrant as specified in its charter)

__________________________________

Delaware 001-35727 77-0467272
(State or other jurisdiction<br>of incorporation) (Commission<br>File Number) (I.R.S. Employer<br>Identification No.)
121 Albright Way, Los Gatos, California 95032
(Address of principal executive offices) (Zip Code)

(408) 540-3700

(Registrant’s telephone number, including area code)

(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:

☐    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 classTrading Symbol(s)Name of each exchange on which registeredCommon stock, par value $0.001 per shareNFLXNASDAQ Global Select Market

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 June 5, 2025, Netflix, Inc. (the “Company”) held its 2025 annual meeting of stockholders (the “Annual Meeting”). As of April 7, 2025, the Company’s record date, there were a total of 425,571,266 shares of common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 368,794,416 shares of common stock were represented in person or by proxy and, therefore, a quorum was present. For more information about the following proposals, see the Company’s definitive proxy statement, dated April 17, 2025.

The number of votes cast for and against, and the number of abstentions and broker non-votes, as applicable, with respect to each matter voted upon are set forth below.

  1. Election of Directors
Nominee For Against Abstain Broker Non-Votes
Richard Barton 301,889,176 30,032,357 397,291 36,475,592
Mathias Döpfner 324,274,787 7,608,539 435,498 36,475,592
Reed Hastings 316,496,227 15,460,675 361,922 36,475,592
Jay Hoag 71,428,414 259,865,864 1,024,546 36,475,592
Leslie Kilgore 317,845,512 14,082,051 391,261 36,475,592
Strive Masiyiwa 323,224,704 8,505,162 588,958 36,475,592
Ann Mather 316,357,478 15,539,577 421,769 36,475,592
Greg Peters 325,685,861 6,227,212 405,751 36,475,592
Ambassador Susan Rice 326,746,564 5,018,621 553,639 36,475,592
Ted Sarandos 325,664,547 6,265,084 389,193 36,475,592
Brad Smith 322,316,408 9,603,747 398,669 36,475,592
Anne Sweeney 321,005,495 10,911,746 401,583 36,475,592

At the Annual Meeting, Mr. Jay Hoag did not receive a majority of votes cast in his election to the board of directors (the “Board”). In accordance with the Company’s director resignation policy (the “Resignation Policy”), on June 5, 2025, Mr. Hoag offered his resignation from the Board, conditioned upon Board acceptance. In accordance with the Resignation Policy, the Nominating and Governance Committee (the “Committee”) of the Board will consider Mr. Hoag’s resignation and recommend to the Board regarding whether to accept or reject the resignation or take other action. The Board will act on the Committee’s recommendation and publicly disclose its decision and rationale within 90 days from the date the election results are certified.

  1. The proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025 was approved.
For Against Abstain
362,724,934 5,618,286 451,196
  1. The advisory resolution to approve executive officer compensation was approved.
For Against Abstain Broker Non-Votes
283,557,552 47,780,267 981,005 36,475,592
  1. The non-binding stockholder proposal entitled, “Issue a Climate Transition Plan” was not approved.
For Against Abstain Broker Non-Votes
34,679,761 295,413,267 2,225,796 36,475,592
  1. The non-binding stockholder proposal entitled, “Proposal 5 - Proposal that Won 45% NFLX Shareholder Support” was not approved.
For Against Abstain Broker Non-Votes
139,999,999 191,515,588 803,237 36,475,592
  1. The non-binding stockholder proposal entitled, “Amend the Code of Ethics to enhance policies on non-discrimination, anti-harassment, and whistleblower protection” was not approved.
For Against Abstain Broker Non-Votes
18,319,341 311,707,748 2,291,735 36,475,592
  1. The non-binding stockholder proposal entitled, “Affirmative Action Risks” was not approved.
For Against Abstain Broker Non-Votes
1,506,649 328,998,091 1,814,084 36,475,592
  1. The non-binding stockholder proposal entitled, “Report on Charitable Giving” was not approved.
For Against Abstain Broker Non-Votes
1,616,378 328,823,599 1,878,847 36,475,592

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.

NETFLIX, INC.
Date: June 6, 2025
/s/ David Hyman
David Hyman
Chief Legal Officer and Secretary