Symbotic Inc. Files 8-K on Shareholder Votes

TL;DR

Symbotic filed an 8-K on shareholder votes, check it for governance updates.

AI Summary

Symbotic Inc. filed an 8-K on March 4, 2024, reporting on matters submitted to a vote of security holders as of March 1, 2024. The filing details the company's corporate structure, including its incorporation in Delaware and its principal executive offices located at 200 Research Drive, Wilmington, MA.

Why It Matters

This filing provides an update on corporate governance matters and shareholder voting, which can be important for investors tracking the company's decision-making processes and management accountability.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure regarding shareholder votes and does not appear to contain significant new financial or operational risks.

Key Players & Entities

• Symbotic Inc. (company) — Registrant
• March 1, 2024 (date) — Earliest event reported
• March 4, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• 200 Research Drive, Wilmington, MA 01887 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share SYM The Nasdaq Stock Market L

Filing Documents

• sym-20240301.htm (8-K) — 39KB
• 0001837240-24-000056.txt ( ) — 166KB
• sym-20240301.xsd (EX-101.SCH) — 2KB
• sym-20240301_lab.xml (EX-101.LAB) — 24KB
• sym-20240301_pre.xml (EX-101.PRE) — 13KB
• sym-20240301_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 March 1, 2024, Symbotic Inc. (the "Company") held its 2024 annual meeting of stockholders via live audio webcast (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders voted on two proposals, each of which is described in more detail in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on January 19, 2024. As of January 5, 2024, the record date for the Annual Meeting, there were 85,295,300 shares of Class A common stock, 81,487,643 shares of Class V-1 common stock and 406,512,941 shares of Class V-3 common stock outstanding and entitled to vote at the Annual Meeting. Holders of shares of Class A common stock and Class V-1 common stock were entitled to one vote per share of Class A common stock or Class V-1 common stock, as the case may be, and holders of shares of Class V-3 common stock were entitled to three votes per share of Class V-3 common stock they beneficially own. All holders of Class A common stock, Class V-1 common stock and Class V-3 common stock voted together as a single class on all matters submitted to a vote of stockholders at the Annual Meeting. There were 76,830,059 shares of Class A common stock, 79,401,341 shares of Class V-1 common stock and 406,512,941 shares of Class V-3 common stock present or represented by valid proxy at the Annual Meeting, representing 99.24% of the combined voting power of the shares entitled to vote as of the record date, thus establishing a quorum for the Annual Meeting. The stockholders voted on the following proposals at the Annual Meeting: 1. To elect seven directors, each to serve for a term of one year until the 2025 Annual Meeting of Stockholders, until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, disqualification or removal. 2. To ratify the appointment of Grant Thornton LLP as the Company's independent registered pub