StepStone Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$STEP
Investment Managers
Finance
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
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(212 ) 351-6100
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On September 10, 2024, StepStone Group Inc., a Delaware corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”) for the purposes of (i) electing five director nominees named in the Company’s 2024 Proxy Statement (the “Proxy Statement”) to serve for a one-year term, (ii) ratifying the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2025; (iii) approving, on a non-binding and advisory basis, the compensation of our named executive officers (“Say-on-Pay”); and (iv) approving for purposes of complying with Nasdaq Listing Rule 5635, the issuance of shares of the Company’s Class A common stock pursuant to the terms of the Option Agreement, dated November 2, 2022, between the Company and the other parties thereto (the “Nasdaq Proposal”). As of the record date of July 16, 2024, there were 67,931,869 shares of the Company’s Class A common stock, par value $0.001 per share (“Class A Common Stock”), and 45,889,135 shares of the Company’s Class B common stock, par value $0.001 per share (“Class B Common Stock”), outstanding. Stockholders were entitled to one vote per share of Class A Common Stock held and five votes per share of Class B Common Stock held on the matters presented at the Annual Meeting. The Class A Common Stock and Class B Common Stock voted as a single class on all matters presented at the Annual Meeting. Of the total 297,377,544 votes eligible to be cast at the Annual Meeting, shares entitled to cast 295,551,827 votes were represented. The final results of the stockholder vote are set forth below.
Proposal 1 — Election of Directors
The Company’s stockholders elected each of the nominees for director named in the Proxy Statement, each to serve for a one-year term to expire at the Company’s 2025 annual meeting of stockholders and until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, removal, retirement or disqualification. The following five directors were elected by the votes shown below.
| FOR | WITHHELD | BROKER NON-VOTES | ||||||||||||||||||
| Monte M. Brem | 257,079,747 | 35,296,399 | 3,175,681 | |||||||||||||||||
| Valerie G. Brown | 286,363,703 | 6,012,443 | 3,175,681 | |||||||||||||||||
| Scott W. Hart | 271,828,151 | 20,547,995 | 3,175,681 | |||||||||||||||||
| David F. Hoffmeister | 285,034,076 | 7,342,070 | 3,175,681 | |||||||||||||||||
| Anne L. Raymond | 286,363,838 | 6,012,308 | 3,175,681 | |||||||||||||||||
Proposal 2 — Ratification of Appointment of Independent Registered Public Accounting Firm
The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2025. The selection was ratified by the votes shown below.
| FOR | AGAINST | ABSTAIN | ||||||||||||
| 292,390,781 | 3,139,637 | 21,409 | ||||||||||||
Proposal 3 — Say-on-Pay
The Company’s stockholders, on a non-binding and advisory basis, voted to approve the compensation of the Company’s named executive officers. The Say-on-Pay proposal was approved by the votes shown below.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||||||||
| 289,861,949 | 2,453,032 | 61,165 | 3,175,681 | |||||||||||||||||
Proposal 4 — Nasdaq Proposal
The Company’s stockholders voted to approve the Nasdaq Proposal. The Nasdaq Proposal was approved by the votes shown below.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||||||||
| 265,129,682 | 27,242,488 | 3,976 | 3,175,681 | |||||||||||||||||
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.
| STEPSTONE GROUP INC. | ||||||||
| Date: September 13, 2024 | By: | /s/ Jennifer Y. Ishiguro | ||||||
| Jennifer Y. Ishiguro | ||||||||
| Chief Legal Officer & Secretary | ||||||||