RingCentral Files 8-K on Security Holder Vote Submission

TL;DR

**RingCentral just filed an 8-K about a shareholder vote, keep an eye on the details.**

AI Summary

RingCentral, Inc. filed an 8-K on January 3, 2024, reporting an event that occurred on December 29, 2023, under Item 5.07, "Submission of Matters to a Vote of Security Holders." This filing indicates that the company submitted certain matters to a vote of its security holders, likely related to corporate governance or significant business decisions. For investors, this matters because the outcome of such votes can influence the company's strategic direction, capital structure, or executive compensation, potentially impacting future stock performance.

Why It Matters

This filing signals that RingCentral's shareholders have voted on, or will vote on, important company matters, which could affect its operations and financial health.

Risk Assessment

Risk Level: low — This filing is purely procedural, indicating a vote occurred, but doesn't disclose the outcome or specific matters, thus posing low immediate risk.

Analyst Insight

A smart investor would monitor subsequent filings (like a 10-K or proxy statement) for the specific details and outcomes of the security holder vote mentioned in this 8-K, as these could reveal significant corporate decisions.

Key Players & Entities

• RingCentral, Inc. (company) — the registrant filing the 8-K
• December 29, 2023 (date) — date of the earliest event reported
• January 3, 2024 (date) — date the 8-K was filed
• 001-36089 (other) — Commission File Number for RingCentral, Inc.
• RNG (other) — Trading Symbol for RingCentral, Inc. Class A Common Stock
• New York Stock Exchange (other) — exchange where RingCentral's Class A Common Stock is registered

FAQ

Key Financial Figures

• $0.0001 — RNG New York Stock Exchange par value $0.0001 Indicate by check mark whether the re

Filing Documents

• rng-20231229.htm (8-K) — 41KB
• 0001384905-24-000003.txt ( ) — 165KB
• rng-20231229.xsd (EX-101.SCH) — 2KB
• rng-20231229_lab.xml (EX-101.LAB) — 24KB
• rng-20231229_pre.xml (EX-101.PRE) — 12KB
• rng-20231229_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 December 29, 2023, RingCentral, Inc. (the "Company") held its 2023 annual meeting of stockholders virtually (the "Annual Meeting"). Stockholders of record of the Company at the close of business on November 10, 2023 (the "Record Date") were entitled to vote at the Annual Meeting. Each share of Class A common stock was entitled to one vote on each proposal, each share of Class B common stock was entitled to ten votes on each proposal, and each share of Series A convertible preferred stock was, on an as-converted basis, entitled to one vote on each proposal. The Class A common stock, Class B common stock, and Series A convertible preferred stock voted as a single class on all matters. Present at the Annual Meeting in person (including virtually) or by proxy were holders of 71,039,185 shares of Class A common stock, representing 71,039,185 votes of Class A common stock, and 9,641,205 shares of Class B common stock, representing 96,412,050 votes of Class B common stock, together representing a total of 167,451,235 votes, or approximately 91.09% of the eligible votes, and constituting a quorum. The stockholders of the Company voted on the following items at the Annual Meeting: 1. To elect seven (7) directors to the Company's Board of Directors (the "Board") to serve until the 2024 annual meeting of stockholders and until their successors are duly elected and qualified; 2. To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2023; and 3. To approve, on an advisory (non-binding) basis, the named executive officers' compensation as disclosed in the proxy statement. The voting results for each of these proposals are detailed below. Proposal 1: The Company's stockholders elected seven directors to the Board to serve for a one year term until the 2024 annual meeting of stockholders. The votes for each dir

View Full Filing

View this 8-K filing on SEC EDGAR