ACV Auctions Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$ACVA
Business Services
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 28, 2025, ACV Auctions Inc. (the “Company”) held its Annual Meeting of Stockholders (“Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on the five proposals set forth below. A more detailed description of each proposal is set forth in the Company’s proxy statement filed with the Securities and Exchange Commission on April 17, 2025.
Proposal 1 – Election of Directors
George Chamoun and Robert P. Goodman were each elected to serve as a Class I director of the Company’s Board of Directors until the 2028 Annual Meeting of Stockholders and until his successor is duly elected or until his earlier resignation or removal. The voting results were as follows:
| Nominee | Votes For | Votes Against | Votes Withheld | Broker Non-Votes | ||||||||||
| George Chamoun | 116,521,806 | 0 | 34,446,262 | 11,605,339 | ||||||||||
| Robert P. Goodman | 104,373,512 | 0 | 46,594,556 | 11,605,339 | ||||||||||
Proposal 2 – Approval of Officer Exculpation
The stockholders approved officer exculpation revisions to the Company's Amended and Restated Certificate of Incorporation to limit the liability of officers as permitted by Delaware law. The voting results were as follows:
| Votes For | Votes Against | Votes Withheld | Broker Non-Votes | ||||||||
| 129,583,490 | 21,277,329 | 107,249 | 11,605,339 | ||||||||
Proposal 3 – Approval of Share Reclassification
The stockholders approved reclassification revisions to the Company's Amended and Restated Certificate of Incorporation to account for the automatic conversion of all of our outstanding Class B common stock to Class A common stock effective as of December 31, 2024 and to reclassify each outstanding share of the Company’s Class A common stock into a share of the Company’s common stock. The voting results were as follows:
| Votes For | Votes Against | Votes Withheld | Broker Non-Votes | ||||||||
| 150,741,019 | 91,471 | 135,578 | 11,605,339 | ||||||||
Proposal 4 – Approval of Executive Compensation
The stockholders approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers. The voting results were as follows:
| Votes For | Votes Against | Votes Withheld | Broker Non-Votes | ||||||||
| 122,820,351 | 28,018,394 | 129,323 | 11,605,339 | ||||||||
Proposal 5 – Ratification of the Appointment of Independent Registered Public Accounting Firm
The stockholders ratified the appointment of Ernst and Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The voting results were as follows:
Votes For | Votes Against | Votes Withheld | Broker Non-Votes | ||||||||
| 162,262,657 | 189,246 | 121,504 | 0 | ||||||||
SIGNATURE
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.
| ACV AUCTIONS INC. | |||||||||||||||||
| Date | June 3, 2025 | By: | /s/ Leanne Fitzgerald | ||||||||||||||
| Leanne Fitzgerald | |||||||||||||||||
| Chief Legal Officer | |||||||||||||||||