SPS Commerce Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$SPSC
Computer Software: Prepackaged Software
Technology
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
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
(Exact Name of Registrant as Specified in its Charter)
| (State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
(612 ) 435-9400
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(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 (see General Instruction A.2. below):
| 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 class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
The 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 5.07. Submission of Matters to a Vote of Security Holders.
On May 13, 2025, the Company held its 2025 Annual Meeting of Stockholders and the Company's stockholders voted on the following matters:
1.Election of Directors
The following nominees were elected to serve as directors for a term that will last until the Company’s 2026 Annual Meeting of Stockholders or until his or her successor is duly elected and qualified. The voting with respect to the election of directors was as follows:
| Nominee | Votes For | Votes Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||
| Chad Collins | 33,012,209 | 208,346 | 22,709 | 1,549,903 | ||||||||||||||||||||||
| Razat Gaurav | 33,202,849 | 16,729 | 23,686 | 1,549,903 | ||||||||||||||||||||||
| Marty Réaume | 32,428,331 | 683,517 | 131,416 | 1,549,903 | ||||||||||||||||||||||
| Tami Reller | 32,958,193 | 261,402 | 23,669 | 1,549,903 | ||||||||||||||||||||||
| Philip Soran | 32,169,986 | 1,049,706 | 23,572 | 1,549,903 | ||||||||||||||||||||||
| Anne Sempowski Ward | 32,069,197 | 1,129,482 | 44,585 | 1,549,903 | ||||||||||||||||||||||
| Sven Wehrwein | 32,102,373 | 1,117,317 | 23,574 | 1,549,903 | ||||||||||||||||||||||
2. Ratification of the Selection of KPMG LLP as Independent Auditor for the Year Ending 2025
The Company’s stockholders ratified the appointment of KPMG LLP to serve as the independent auditor for the year ending December 31, 2025 by voting as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 34,561,885 | 216,546 | 14,736 | — | |||||||||||||||||
3. Advisory Approval of the Compensation of Named Executive Officers ("Say-on-Pay")
The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers by voting as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 31,866,376 | 1,354,175 | 22,713 | 1,549,903 | |||||||||||||||||
4. Advisory Vote regarding the Frequency of Holding Future Say-on-Pay Votes
The Company's stockholders voted, on an advisory basis, to hold a Say-on-Pay vote every year by voting as follows:
| 1 Year | 2 Years | 3 Years | Abstain | |||||||||||||||||
| 32,789,860 | 2,442 | 430,005 | 20,957 | |||||||||||||||||
After considering the results of the advisory vote, the Board of Directors has determined that it will continue to hold Say-on-Pay votes every year until the next required vote on the frequency of shareholder votes on the compensation of executives.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Exhibit | ||||
| 104 | 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 hereunto duly authorized.
| SPS COMMERCE, INC. | ||||||||
Date: May 13, 2025 | By: | /s/ KIMBERLY NELSON | ||||||
| Kimberly Nelson | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||