Zoom Video Communications, Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: ZM · Form: DEF 14A · Filed: May 2, 2024

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Virtual Meeting, Stockholders, Zoom Video Communications

TL;DR

<b>Zoom Video Communications will hold its 2024 virtual Annual Meeting of Stockholders on June 13, 2024.</b>

AI Summary

Zoom Video Communications, Inc. (ZM) filed a Proxy Statement (DEF 14A) with the SEC on May 2, 2024. The 2024 Annual Meeting of Stockholders for Zoom Video Communications, Inc. will be held virtually on June 13, 2024, at 10:00 a.m. Pacific Time. Stockholders can attend the meeting via a live interactive webcast at www.virtualshareholdermeeting.com/ZM2024. The meeting will allow attendees to view the proceedings live, submit questions, and vote online. The filing is a Definitive Proxy Statement (DEF 14A) filed on May 2, 2024. The company's fiscal year ends on January 31.

Why It Matters

For investors and stakeholders tracking Zoom Video Communications, Inc., this filing contains several important signals. This DEF 14A filing provides essential information for stockholders to participate in the annual meeting, including details on how to attend, submit questions, and vote. The virtual format of the meeting allows for broader accessibility and engagement from stockholders regardless of their location.

Risk Assessment

Risk Level: low — Zoom Video Communications, Inc. shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts that would inherently increase risk.

Analyst Insight

Stockholders should review the proxy statement to understand the proposals being voted on and to participate in the virtual annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did Zoom Video Communications, Inc. file this DEF 14A?

Zoom Video Communications, Inc. filed this Proxy Statement (DEF 14A) with the SEC on May 2, 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 Zoom Video Communications, Inc. (ZM).

Where can I read the original DEF 14A filing from Zoom Video Communications, 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 Zoom Video Communications, Inc..

What are the key takeaways from Zoom Video Communications, Inc.'s DEF 14A?

Zoom Video Communications, Inc. filed this DEF 14A on May 2, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Zoom Video Communications, Inc. will be held virtually on June 13, 2024, at 10:00 a.m. Pacific Time.. Stockholders can attend the meeting via a live interactive webcast at www.virtualshareholdermeeting.com/ZM2024.. The meeting will allow attendees to view the proceedings live, submit questions, and vote online..

Is Zoom Video Communications, Inc. a risky investment based on this filing?

Based on this DEF 14A, Zoom Video Communications, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts that would inherently increase risk.

What should investors do after reading Zoom Video Communications, Inc.'s DEF 14A?

Stockholders should review the proxy statement to understand the proposals being voted on and to participate in the virtual annual meeting. The overall sentiment from this filing is neutral.

How does Zoom Video Communications, Inc. compare to its industry peers?

Zoom Video Communications operates in the cloud-based video conferencing and unified communications as a service (UCaaS) market.

Are there regulatory concerns for Zoom Video Communications, Inc.?

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

Industry Context

Zoom Video Communications operates in the cloud-based video conferencing and unified communications as a service (UCaaS) market.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

  1. Review the proxy statement for details on proposals and director nominations.
  2. Register and attend the virtual annual meeting on June 13, 2024.
  3. Vote on matters presented at the annual meeting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an upcoming annual meeting. It does not contain comparative financial data from a previous filing within this document.

Filing Stats: 4,821 words · 19 min read · ~16 pages · Grade level 13 · Accepted 2024-05-02 16:08:11

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 28 Compensation Discussion and Analysis 28 Executive Summary 28 Advisory Vote on Executive Compensation 30 Compensation Objectives and Philosophy 31 Elements of Executive Compensation 32 How We Determine Executive Compensation 33 Factors Used in Determining Executive Compensation 35 Fiscal 2024 Executive Compensation Program 35 Other Features or Our Executive Compensation Program 40 Tax and Accounting Implications 42 Other Compensation Policies and Practices 42 Compensation Risk Assessment 43 i. Compensation Committee Report 43 Summary Compensation Table for Fiscal Year 2024 44 Grants of Plan-Based Awards 44 Outstanding Equity Awards at 2024 Fiscal Year-End 46 Option Exercises and Stock Vested 47 Employment, Severance and Change in Control Agreements 47 Potential Payments upon Termination or Change of Control 48 Pay Ratio 48

(v) Pay Versus Performance

Item 402(v) Pay Versus Performance 49 EQUITY COMPENSATION PLAN INFORMATION 54

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 55 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 58 Policies and Procedures for Related Party Transactions 58 Certain Related Person Transactions 58 Indemnification 59 OTHER MATTERS 60 Fiscal Year 2024 Annual Report and SEC Filings 60 Appendix A 62 ii. ZOOM VIDEO COMMUNICATIONS, INC. PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD AT 10:00 A.M. PACIFIC TIME ON THURSDAY, JUNE 13, 2024 We are providing you with these proxy materials in connection with the solicitation of proxies by our board of directors (the "Board of Directors" or "Board") for use at the 2024 annual meeting of stockholders of Zoom Video Communications, Inc., a Delaware corporation (the "Company"), and any postponements, adjournments or continuations thereof (the "Annual Meeting"). The Annual Meeting will be held as a virtual meeting on Thursday, June 13, 2024 at 10:00 a.m. Pacific Time via a live interactive webcast on the internet at www.virtualshareholdermeeting.com/ZM2024 where you will be able to listen to the meeting live, submit questions (before and during the meeting) and vote online. The Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access this proxy statement and our annual report is first being mailed on or about May 2, 2024 to all stockholders entitled to vote at the Annual Meeting. A list of stockholders entitled to vote will be available for 10 days prior to the Annual Meeting at our headquarters, 55 Almaden Blvd., 6th Floor, San Jose, California 95113. If you would like to view the stockholder list, please contact our Investor Relations department via email at investors@zoom.us or at 1-888-799-9666 to schedule an appointment. The information provided in the "question and answer" format below is for your convenience only and is merely a summary of the information contained in this proxy statement. You should read

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