Digi International Files 8-K on Shareholder Vote Submission

TL;DR

**Digi International just filed an 8-K about a shareholder vote, signaling upcoming key decisions.**

AI Summary

Digi International Inc. filed an 8-K on February 1, 2024, reporting an event that occurred on January 29, 2024, related to the submission of matters to a vote of security holders. This filing indicates that the company is engaging with its shareholders on important decisions, likely concerning corporate governance or strategic initiatives. For investors, this matters because shareholder votes can impact the company's future direction, leadership, and potentially its stock performance, depending on the nature and outcome of the matters being voted upon.

Why It Matters

This filing signals that Digi International is putting key decisions before its shareholders, which could influence the company's strategic path and governance structure.

Risk Assessment

Risk Level: low — This 8-K is a procedural filing indicating a shareholder vote, which is a standard corporate event and does not inherently present high risk without further details on the vote's subject.

Analyst Insight

A smart investor would monitor subsequent filings (like proxy statements) to understand the specific matters being voted on by security holders, as these details will reveal the potential impact on the company's future.

Key Numbers

• $0.01 — par value per share (This is the stated par value of Digi International's Common Stock.)

Key Players & Entities

• Digi International Inc. (company) — the registrant filing the 8-K
• January 29, 2024 (date) — date of earliest event reported
• February 1, 2024 (date) — date of filing
• DGII (company) — trading symbol for Common Stock
• The Nasdaq Stock Market LLC (company) — exchange where Common Stock is registered
• $0.01 (dollar_amount) — par value per share of Common Stock

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share DGII The Nasdaq Stock Mar

Filing Documents

• tm244770d1_8k.htm (8-K) — 33KB
• 0001104659-24-009319.txt ( ) — 202KB
• dgii-20240129.xsd (EX-101.SCH) — 3KB
• dgii-20240129_lab.xml (EX-101.LAB) — 33KB
• dgii-20240129_pre.xml (EX-101.PRE) — 22KB
• tm244770d1_8k_htm.xml (XML) — 4KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. We held our Annual Meeting virtually on January 29, 2024. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting are as follows: 1. Christopher D. Heim and Sally J. Smith were elected as directors for three-year terms. Voting was as follows: Name Votes For Votes Against Abstain Broker Non-Votes Christopher D. Heim 25,630,840 5,919,901 8,628 2,472,247 Sally J. Smith 27,362,987 4,187,574 8,808 2,472,247 2. A non-binding advisory proposal to approve the executive compensation disclosed in our proxy statement for the Annual Meeting received advisory approval based on 30,141,347 "for" votes and 1,403,683 "against" votes. 14,339 shares abstained from voting and there were 2,472,247 broker non-votes on this proposal. 3. The stockholders recommended a 1-year frequency to approve executive compensation based on a non-binding advisory proposal that received 29,298,968 for a 1-year frequency, 12,328 for a 2-year frequency and 2,238,937 for a 3-year frequency. 9,136 shares abstained from voting and there were 2,472,247 broker non-votes on this proposal. 4. The stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2024, with 33,994,778 shares voting for the proposal and 15,289 shares voting against the proposal. 21,549 shares abstained from voting on this proposal. In light of the votes cast on proposal 3 and other relevant factors, our Board of Directors determined that a non-binding, advisory vote to approve

executive compensation will be held on an annual basis

executive compensation will be held on an annual basis.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized. Date: February 1, 2024 DIGI INTERNATIONAL INC. By: /s/ David H. Sampsell David H. Sampsell Vice President of Corporate Development, General Counsel & Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR