Fortinet, Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: FTNT · Form: DEF 14A · Filed: 2024-04-26T00:00:00.000Z

Sentiment: neutral

Topics: Fortinet, Annual Meeting, Proxy Statement, Stockholders, Executive Compensation

TL;DR

<b>Fortinet will hold its 2024 Annual Meeting of Stockholders virtually on June 14, 2024, to vote on director elections, auditor ratification, and executive compensation.</b>

AI Summary

Fortinet, Inc. (FTNT) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. The 2024 Annual Meeting of Stockholders for Fortinet, Inc. will be held virtually on June 14, 2024. Key agenda items include the election of nine directors, ratification of Deloitte & Touche LLP as independent auditors, and an advisory vote on executive compensation. The virtual format is chosen to enhance stockholder access and participation globally, while also reducing costs and supporting sustainability goals. The meeting will address proposals for director elections, auditor ratification, and executive compensation. The company is seeking stockholder approval for these items of business.

Why It Matters

For investors and stakeholders tracking Fortinet, Inc., this filing contains several important signals. The virtual meeting format aims to increase stockholder participation and accessibility from anywhere in the world. The company highlights cost savings and alignment with sustainability goals as benefits of the virtual meeting format.

Risk Assessment

Risk Level: low — Fortinet, Inc. shows low risk based on this filing. This filing is a routine proxy statement for an annual meeting and does not contain new financial or operational information that would indicate significant risk.

Analyst Insight

Stockholders should review the proxy materials to make informed voting decisions on director elections, auditor ratification, and executive compensation.

Key Numbers

9 — Directors to be elected (To elect nine directors)
June 14, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders)
10:00 a.m. Pacific time — Annual Meeting Time (2024 Annual Meeting of Stockholders)

Key Players & Entities

Fortinet, Inc. (company) — Registrant
Deloitte & Touche LLP (company) — independent registered public accounting firm
June 14, 2024 (date) — 2024 Annual Meeting of Stockholders date
2025 Annual Meeting of Stockholders (date) — Director term expiration
December 31, 2024 (date) — Fiscal year end

FAQ

When did Fortinet, Inc. file this DEF 14A?

Fortinet, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 26, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Fortinet, Inc. (FTNT).

Where can I read the original DEF 14A filing from Fortinet, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Fortinet, Inc..

What are the key takeaways from Fortinet, Inc.'s DEF 14A?

Fortinet, Inc. filed this DEF 14A on April 26, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Fortinet, Inc. will be held virtually on June 14, 2024.. Key agenda items include the election of nine directors, ratification of Deloitte & Touche LLP as independent auditors, and an advisory vote on executive compensation.. The virtual format is chosen to enhance stockholder access and participation globally, while also reducing costs and supporting sustainability goals..

Is Fortinet, Inc. a risky investment based on this filing?

Based on this DEF 14A, Fortinet, Inc. presents a relatively low-risk profile. This filing is a routine proxy statement for an annual meeting and does not contain new financial or operational information that would indicate significant risk.

What should investors do after reading Fortinet, Inc.'s DEF 14A?

Stockholders should review the proxy materials to make informed voting decisions on director elections, auditor ratification, and executive compensation. The overall sentiment from this filing is neutral.

How does Fortinet, Inc. compare to its industry peers?

Fortinet operates in the cybersecurity industry, providing a broad range of security solutions.

Are there regulatory concerns for Fortinet, Inc.?

This filing is a standard proxy statement required by the SEC for public companies to inform shareholders about upcoming meetings and voting matters.

Industry Context

Fortinet operates in the cybersecurity industry, providing a broad range of security solutions.

Regulatory Implications

This filing is a standard proxy statement required by the SEC for public companies to inform shareholders about upcoming meetings and voting matters.

What Investors Should Do

Review the proxy statement for details on director nominees and their qualifications.
Evaluate the ratification of Deloitte & Touche LLP as the independent auditor.
Consider the advisory vote on the compensation of named executive officers.

Key Dates

2024-06-14: 2024 Annual Meeting of Stockholders — Key date for voting on corporate matters.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders.

From the Filing

0001174947-24-000602.txt : 20240426 0001174947-24-000602.hdr.sgml : 20240426 20240426160536 ACCESSION NUMBER: 0001174947-24-000602 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 24 CONFORMED PERIOD OF REPORT: 20240614 FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770560389 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 24883558 BUSINESS ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 DEF 14A 1 ea0203970-01.htm PROXY STATEMENT    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ SCHEDULE 14A INFORMATION ________________ PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.    ) Filed by the Registrant   ☒ Filed by a Party other than the Registrant   ☐ Check the appropriate box: ☐   Preliminary Proxy Statement ☐   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2)) ☒   Definitive Proxy Statement ☐   Definitive Additional Materials ☐   Soliciting Material Pursuant to §240.14a -12 FORTINET, INC. (Name of Registrant as Specified in Its Charter) _______________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒   No fee required. ☐   Fee paid previously with preliminary materials. ☐   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11 .      Table of Contents NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS Dear Fortinet Stockholder: Notice is hereby given that the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) of Fortinet, Inc., a Delaware corporation (“Fortinet,” “we,” “us” or “our”), will be held on Friday, June 14, 2024, at 10:00 a.m. Pacific time, in a virtual -only format, for the following purposes: 1.      To elect the nine directors listed in the accompanying proxy statement to serve for a one -year term expiring at Fortinet’s 2025 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified. 2.      To ratify the appointment of Deloitte & Touche LLP as Fortinet’s independent registered public accounting firm for the fiscal year ending December 31, 2024. 3.      An advisory vote to approve named executive officer compensation. 4.      To transact such other business proposals, if properly presented before the meeting. We believe that a virtual stockholder meeting allows better access to those who may want to attend by providing for greater stockholder attendance and participation from any location around the world, and therefore we have chosen this over an in -person meeting. This approach also lowers costs and aligns with our broader sustainability goals. The preceding items of business are more fully described in the proxy statement accompanying this notice. Any action on the items of business described above may be considered at the 2024 Annual Meeting at the time and on the date specified above or at any time and date to which the 2024 Annual Meeting may be prop