Remitly Global Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure
$RELY
Business Services
Consumer Discretionary
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 12, 2024
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 12, 2024, Remitly Global, Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”), at which a quorum was present. At the Annual Meeting, the stockholders of the Company voted on the following three proposals:
Proposal 1 — Election of Directors
The following nominees were elected to the Company’s Board of Directors to hold office for terms to expire upon the annual stockholders’ meeting to be held in 2027 and until their successors are elected and qualified, or until their earlier death, resignation, or removal. The votes cast at the Annual Meeting were as follows:
Nominee | For | Withheld | Broker Non-Votes | |||||||||||||||||
Joshua Hug | 94,500,947 | 16,117,759 | 23,461,779 | |||||||||||||||||
Matthew Oppenheimer | 99,643,427 | 10,975,279 | 23,461,779 | |||||||||||||||||
Margaret Smyth | 95,478,534 | 15,140,172 | 23,461,779 | |||||||||||||||||
Proposal 2 — Advisory Vote to Approve Executive Compensation
The stockholders approved, on an advisory basis, the compensation of the Company's named executive officers.
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 108,171,289 | 2,438,226 | 9,191 | 23,461,779 | |||||||||||||||||
Proposal 3 — Ratification of Appointment of Independent Registered Public Accounting Firm
The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was approved based upon the following votes:
For | Against | Abstain | ||||||||||||
| 128,987,001 | 5,069,933 | 23,551 | ||||||||||||
Item 7.01 Regulation FD Disclosure.
Matthew Oppenheimer, the Company’s Chief Executive Officer and Chairman of the Board of Directors, declined to be considered for an equity compensation award in 2024 to support the performance awards granted to employees and executives of the Company in April 2024 and in recognition of broad stockholder focus on dilution.
The information in Item 7.01 of this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in Item 7.01 of this Current Report shall not be incorporated by reference into any registration statement or other document filed by the Company pursuant to the Exchange Act, regardless of any general incorporation language contained in such filing.
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.
Remitly Global, Inc. | ||||||||
Date: June 18, 2024 | By: | /s/ Saema Somalya | ||||||
| Saema Somalya | ||||||||
EVP, Legal and Risk | ||||||||