INTUIT (INTU) Files 8-K on Shareholder Vote Submission
Ticker: INTU · Form: 8-K · Filed: Jan 22, 2024 · CIK: 896878
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, 8-K
TL;DR
**INTU filed an 8-K about submitting matters to a shareholder vote, standard procedure, no immediate market impact.**
AI Summary
This 8-K filing from Intuit Inc. (INTU) on January 22, 2024, indicates that the company submitted matters to a vote of security holders on January 18, 2024. This is a routine disclosure, likely related to an annual meeting or a specific corporate action requiring shareholder approval. For investors, this filing primarily signals transparency and adherence to regulatory requirements, rather than a direct impact on stock price, as it doesn't reveal the outcome or specific details of the vote.
Why It Matters
This filing confirms Intuit is engaging with its shareholders on corporate matters, which is a standard governance practice. It doesn't disclose the vote's outcome or specific proposals, so its immediate impact on stock value is minimal.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a procedural event and does not contain information that would typically introduce new risks or significant changes to the company's operations or financial health.
Analyst Insight
A smart investor would note this as a routine corporate governance update, but would await further filings (like a 10-K or proxy statement) for details on the specific matters voted upon and their outcomes before making any investment decisions based on this information.
Key Players & Entities
- INTUIT INC. (company) — the registrant filing the 8-K
- January 18, 2024 (date) — date of earliest event reported
- January 22, 2024 (date) — date the 8-K was filed
- 000-21180 (number) — Commission File Number for Intuit Inc.
- 77-0034661 (number) — I.R.S. Employer Identification No. for Intuit Inc.
FAQ
What is the purpose of this 8-K filing by Intuit Inc.?
The purpose of this 8-K filing is to report the 'Submission of Matters to a Vote of Security Holders' by Intuit Inc. on January 18, 2024, as required by the Securities Exchange Act of 1934.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 18, 2024, which is the date Intuit Inc. submitted matters to a vote of security holders.
What is Intuit Inc.'s trading symbol and on which exchange is its Common Stock registered?
Intuit Inc.'s Common Stock, with a $0.01 par value, trades under the symbol INTU and is registered on the Nasdaq Global Select Market.
Is Intuit Inc. classified as an emerging growth company according to this filing?
No, the filing indicates with an unchecked box that Intuit Inc. is not 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.
What is the business address and phone number for Intuit Inc. as stated in the filing?
Intuit Inc.'s principal executive offices are located at 2700 Coast Avenue, Mountain View, CA 94043, and their telephone number is (650) 944-6000.
Filing Stats: 725 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-22 13:21:08
Key Financial Figures
- $0.01 — ange on Which Registered Common Stock, $0.01 par value INTU Nasdaq Global Select Mar
Filing Documents
- intu-20240118.htm (8-K) — 61KB
- 0000896878-24-000003.txt ( ) — 187KB
- intu-20240118.xsd (EX-101.SCH) — 2KB
- intu-20240118_lab.xml (EX-101.LAB) — 24KB
- intu-20240118_pre.xml (EX-101.PRE) — 12KB
- intu-20240118_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. On January 18, 2024, Intuit Inc. (the "Company") held its Annual Meeting of Stockholders. At the meeting, stockholders: 1. Elected eleven persons to serve as directors of the Company; 2. Approved, on an advisory basis, the Company's executive compensation; 3. Voted, on an advisory basis, on the frequency of future say-on-pay votes. In accordance with the Board's recommendation and the voting results on this advisory proposal, the Company will hold an annual advisory vote to approve the compensation of its named executives officers; 4. Ratified the selection of Ernst & Young LLP to serve as the independent registered public accounting firm for the fiscal year ending July 31, 2024; 5. Approved the Company's Amended and Restated 2005 Equity Incentive Plan; and 6. Did not approve a stockholder proposal requesting a retirement plan investment report. Set forth below are the number of votes cast for or against, the number of abstentions and the number of broker non-votes with respect to each proposal, which is described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on November 22, 2023. 1. Election of Directors Nominee For Against Abstain Broker Non-Votes Eve Burton 233,861,120 4,035,146 162,916 19,601,206 Scott D. Cook 237,429,235 475,393 154,554 19,601,206 Richard L. Dalzell 237,111,451 784,316 163,415 19,601,206 Sasan K. Goodarzi 237,615,875 292,778 150,529 19,601,206 Deborah Liu 236,407,616 1,477,968 173,598 19,601,206 Tekedra Mawakana 234,585,253 3,296,795 177,134 19,601,206 Suzanne Nora Johnson 222,014,561 15,886,605 158,016 19,601,206 Ryan Roslansky 236,215,410 1,652,131 191,641 19,601,206 Thomas Szkutak 234,397,045 3,495,903 166,234 19,601,206 Raul Vazquez 236,662,100 1,237,113 159,969 19,601,206 Eric S. Yuan 233,302,069 4,299,514 457,599 19,601,206 2. Advisory vote to approve executive compensation For Against Abstain
SIGNATURES
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: January 22, 2024 INTUIT INC. By: /s/ Sandeep S. Aujla Sandeep S. Aujla Executive Vice President and Chief Financial Officer