AppFolio Stockholders to Vote on RealPage Merger

TL;DR

AppFolio is holding a shareholder meeting on June 14 to vote on the RealPage merger deal.

AI Summary

On June 14, 2024, AppFolio, Inc. filed an 8-K report to announce a special meeting of its stockholders. The primary purpose of this meeting is to vote on the adoption of the Agreement and Plan of Merger, dated as of May 20, 2024, by and among the registrant, certain subsidiaries, and RealPage, Inc. This merger agreement was previously disclosed in a Form 8-K filed on May 21, 2024.

Why It Matters

This filing indicates a crucial step towards the potential acquisition of AppFolio by RealPage, which could significantly impact the company's future and its shareholders.

Risk Assessment

Risk Level: medium — The merger is subject to shareholder approval, and there's always a risk that the deal may not be completed.

Key Players & Entities

• AppFolio, Inc. (company) — Registrant
• RealPage, Inc. (company) — Acquiring entity in the proposed merger
• May 20, 2024 (date) — Date of the Agreement and Plan of Merger
• May 21, 2024 (date) — Date of previous 8-K filing disclosing the merger agreement
• June 14, 2024 (date) — Date of the special meeting of stockholders

FAQ

Key Financial Figures

• $0.0001 — which registered Class A Common Stock, $0.0001 par value APPF NASDAQ Global Market I

Filing Documents

• appf-20240614.htm (8-K) — 44KB
• 0001433195-24-000076.txt ( ) — 164KB
• appf-20240614.xsd (EX-101.SCH) — 2KB
• appf-20240614_lab.xml (EX-101.LAB) — 21KB
• appf-20240614_pre.xml (EX-101.PRE) — 12KB
• appf-20240614_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The AppFolio, Inc. 2024 Annual Meeting of Stockholders (the "Annual Meeting") was held via a live webcast on June 14, 2024. As of April 17, 2024, the record date for the Annual Meeting (the "Record Date"), AppFolio, Inc. (the "Company") had outstanding 22,326,649 shares of Class A Common Stock and 13,886,648 shares of Class B Common Stock. At the Annual Meeting, 18,583,162 shares of Class A Common Stock and 13,799,935 shares of Class B Common Stock were present virtually or represented by proxy. Each share of Class A Common Stock outstanding on the Record Date was entitled to one vote on each proposal presented at the Annual Meeting, and each share of Class B Common Stock outstanding on the Record Date was entitled to ten votes on each proposal presented at the Annual Meeting. Following is a brief description of, and the final results of the voting on, each of the proposals voted upon at the Annual Meeting. The proposals are described in more detail in the Company's Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on April 29, 2024. Proposal 1 – Election of Class III Directors The first proposal voted upon at the Annual Meeting was the election of three Class III directors, Timothy Bliss, Shane Trigg and Winifred Webb, to a three-year term to hold office until the Company's 2027 Annual Meeting of Stockholders, or until the date on which their respective successors are duly elected and qualified. At the Annual Meeting, the Class III directors were elected by the following votes: Name of Director For Withheld Broker Non-Votes Timothy Bliss 148,977,337 5,491,265 2,113,910 Shane Trigg 153,811,860 656,742 2,113,910 Winifred Webb 150,269,831 4,198,771 2,113,910 Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm The second proposal voted upon at the Annual Meeting was the ratification of the appointm

View Full Filing

View this 8-K filing on SEC EDGAR