CarGurus Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Amendment to the Fourth Amended and Restated Certificate of Incorporation
On June 5, 2024, CarGurus, Inc. (the “Company”) held its 2024 annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to reflect new Delaware law provisions regarding officer exculpation (the “Amendment”). A description of the Amendment is provided in “Proposal 4 – AMENDMENT TO OUR FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO REFLECT NEW DELAWARE LAW PROVISIONS REGARDING OFFICER EXCULPATION” of the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 26, 2024 (the “Proxy Statement”), which description and text are incorporated herein by reference.
The Amendment became effective upon the Company’s filing of a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware on June 4, 2024 (the “Certificate of Amendment”).
The foregoing description of the terms of the Amendment and the description incorporated by reference from the Proxy Statement do not purport to be complete and are qualified in their entireties by reference to the full text of the Certificate of Incorporation, as amended by the Certificate of Amendment, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.
Third Amended and Restated By-laws
On June 4, 2024, the Board of Directors of the Company (the “Board”) approved an amendment and restatement of its second amended and restated by-laws (as so amended and restated, the “By-laws”), effective immediately, to modify the definition of “Acting in Concert” in Article II, Section 2.12 relating to advance notice requirements applicable to stockholder-submitted business and nominations.
The foregoing summary of the By-laws does not purport to be complete and is qualified in its entirety by reference to the full text of the By-laws, a copy of which is filed as Exhibit 3.2 hereto and is incorporated by reference herein.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 5, 2024, the Company held the Annual Meeting to consider and vote on the four proposals set forth below, each of which is described in greater detail in the Proxy Statement. The final voting results from the Annual Meeting are set forth below.
Proposal 1 – Election of Directors
The stockholders elected the nominees named below to serve as the Class I directors for a term ending in 2027, or until their respective successors have been duly elected and qualified. The results of such vote were as follows:
Director Name |
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Votes For |
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Votes Withheld |
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Broker Non-Votes |
Lori Hickok |
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220,861,495 |
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14,907,114 |
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7,341,273 |
Greg Schwartz |
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191,394,286 |
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44,374,323 |
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7,341,273 |
Jason Trevisan |
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221,761,680 |
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14,006,929 |
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7,341,273 |
Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm
The stockholders ratified the appointment of Ernst & Young LLP, an independent registered public accounting firm, as the Company’s independent auditors for the year ending December 31, 2024. The results of such vote were as follows:
Votes For |
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Votes Against |
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Abstentions |
Broker Non-Votes |
242,643,786 |
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305,261 |
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160,835 |
0 |
Proposal 3 – Non-binding Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers
The stockholders voted to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers. The results of such vote were as follows:
Votes For |
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Votes Against |
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Abstentions |
Broker Non-Votes |
214,859,474 |
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20,734,957 |
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174,178 |
7,341,273 |
Proposal 4 – Amendment to Company’s Fourth Amended and Restated Certificate of Incorporation
The stockholders voted to approve the Amendment. The results of such vote were as follows:
Votes For |
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Votes Against |
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Abstentions |
Broker Non-Votes |
201,363,493 |
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34,266,312 |
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138,804 |
7,341,273 |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
3.1 |
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3.2 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
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 thereunto duly authorized.
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CARGURUS, INC. |
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Date: June 6, 2024 |
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By: |
/s/ Javier Zamora |
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Name: Javier Zamora |
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Title: General Counsel & Corporate Secretary |