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    Okta Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

    6/25/25 4:25:43 PM ET
    $OKTA
    Computer Software: Prepackaged Software
    Technology
    Get the next $OKTA alert in real time by email
    okta-20250620
    false000166013400016601342025-06-202025-06-20

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    ___________________________________
    FORM 8-K
    ___________________________________
    CURRENT REPORT
    Pursuant to Section 13 or 15(d)
    of the Securities Exchange Act of 1934

    Date of Report (date of earliest event reported)
    June 20, 2025
    ___________________________________
    Okta, Inc.
    (Exact name of registrant as specified in its charter)
    ___________________________________
    Delaware001-3804426-4175727
    (State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification Number)

    100 First Street, Suite 600
    San Francisco, California 94105
    (Address of principal executive offices)

    (888) 722-7871
    (Registrant's telephone number, including area code)

    ___________________________________

    ___________________________________
    (Former name or former address, if changed since last report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of each exchange on which registered
    Class A common stock, par value $0.0001 per shareOKTAThe Nasdaq Stock Market LLC

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company    ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




    Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

    Departure of Director

    On June 20, 2025, Benjamin Horowitz informed Okta, Inc. (the “Company”) that he would resign from the Board of Directors (the “Board”) of the Company, effective at the Company's 2025 annual meeting of stockholders on June 24, 2025 (the “Annual Meeting”). As a result of Mr. Horowitz’s resignation, the Board reduced its size from nine to eight directors.

    Mr. Horowitz’s departure is not the result of any disagreement with the Company. The Board expresses its appreciation for Mr. Horowitz’s service to the Company and his invaluable contributions to the Board.

    Item 5.07 Submission of Matters to a Vote of Security Holders.

    On June 24, 2025, the Company held its Annual Meeting. The Company’s stockholders voted on four proposals at the Annual Meeting, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on May 8, 2025 (the “2025 Proxy Statement”). Holders of the Company’s Class A Common Stock were entitled to one vote for each share held as of the close of business on April 28, 2025 (the “Record Date”), and holders of the Company’s Class B Common Stock were entitled to ten votes for each share held as of the close of business on the Record Date. The Class A Common Stock and Class B Common Stock voted as a single class on all matters. Present at the Annual Meeting in person or by proxy were holders of 153,000,584 shares of Class A and Class B Common Stock, together representing a total of 224,125,136 votes, constituting a quorum. The final results with respect to each such proposal are set forth below:

    Proposal 1 — Election of Directors.

    The stockholders elected each of the two persons named below as Class II directors to serve until the 2028 annual meeting of stockholders or until their successors are duly elected and qualified. The results of such vote were:

    Director Nominee
    For
    Withheld
    Broker Non-Votes
    Jeff Epstein145,204,23059,429,98619,490,920
    J. Frederic Kerrest200,104,4304,529,78619,490,920

    Proposal 2 — Ratification of Appointment of Independent Registered Public Accounting Firm.

    The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2026. The results of such vote were:

    ForAgainstAbstain
    221,179,4372,681,904263,795

    Proposal 3 — Advisory Non-Binding Vote on Compensation of Named Executive Officers.

    The stockholders approved, on an advisory non-binding basis, the compensation of the Company’s named executive officers, as disclosed in the 2025 Proxy Statement. The results of such vote were:

    ForAgainstAbstainBroker Non-Votes
    193,508,15410,232,848893,21419,490,920

    Proposal 4 — Advisory Non-Binding Vote on Frequency of Future Advisory Non-Binding Votes on Compensation of Named Executive Officers.

    The stockholders indicated, on an advisory non-binding basis, their preference for one year as the frequency of holding future advisory non-binding votes on the compensation of the Company’s named executive officers, as disclosed in the 2025 Proxy Statement. The results of such vote were:




    One YearTwo YearsThree YearsAbstain
    202,166,53327,2431,889,725550,715

    Pursuant to the recommendation of the Board and consistent with the stockholders’ preference, the Company plans to hold future advisory non-binding votes on the compensation of the Company’s named executive officers every year. The next required advisory non-binding vote on the frequency of future advisory non-binding votes on the compensation of the Company’s named executive officers will take place no later than at the Company’s 2031 annual meeting of stockholders.





    Item 9.01 - Financial Statements and Exhibits
    (d) Exhibits
    Exhibit
    Number
    Description
    104Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document



    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 on this 25th day of June 2025.
    Okta, Inc.
      
    By:/s/ Larissa Schwartz
    Name:Larissa Schwartz
    Title:Chief Legal Officer and Corporate Secretary
     

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