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Filed: 31 May 21, 8:00pm

 

 

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) May 27, 2021

 

 

Twitter, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware 001-36164 20-8913779
(State or other jurisdiction of
incorporation)
 (Commission
File Number)
 (IRS Employer
Identification No.)

1355 Market Street, Suite 900

San Francisco, California 94103

(Address of principal executive offices, including zip code)

(415) 222-9670

(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

Common Stock, par value $0.000005 per share TWTR New York Stock Exchange

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 27, 2021, Twitter, Inc. (the “Company”) held its annual meeting of stockholders (the “Meeting”). Present at the Meeting in person or by proxy were holders of 659,975,885 shares of common stock of the Company, representing 82.63% of the voting power of the shares of common stock of the Company as of the close of business on April 5, 2021, the record date for the Meeting, and constituting a quorum for the transaction of business.

The stockholders of the Company voted on the following items at the Meeting:

Proposal 1. Election of Directors

 

Nominee  For   Against   Abstain   Broker
Non-Votes
 

Jesse Cohn

   587,269,750    6,634,367    1,397,348    64,674,420 

Martha Lane Fox

   543,388,305    50,549,454    1,363,706    64,674,420 

Fei-Fei Li

   589,651,895    4,402,298    1,247,272    64,674,420 

David Rosenblatt

   574,012,520    19,935,567    1,353,378    64,674,420 

Based on the votes set forth above, each director nominee was duly elected to serve until the 2024 annual meeting of stockholders and until his or her successor is duly elected and qualified.

Proposal 2. Advisory Vote on the Compensation of the Company’s Named Executive Officers

 

For Against Abstain Broker
Non-Votes
569,282,448 22,264,466 3,754,551 64,674,420

Based on the votes set forth above, the stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.

Proposal 3. Advisory Vote to Approve a One Year Frequency of Future Stockholder Advisory Votes on Compensation of the Company’s Named Executive Officers

 

1 Year 2 Years 3 Years Abstain Broker
Non-Vote
589,028,172 985,297 4,084,172 1,203,824 64,674,420

Based on the votes set forth above, the stockholders approved, on an advisory basis, a one year frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers.

Proposal 4. Ratification of Appointment of Independent Registered Public Accounting Firm

 

For Against Abstain
637,947,952 20,891,442 1,136,491

There were no broker non-votes on this proposal.

Based on the votes set forth above, the stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021.

Proposal 5. Declassification Proposal

The Company adjourned the meeting with respect to the declassification proposal for the limited purpose of allowing additional time for shareholders to vote on the proposal.


Based on the total votes cast prior to adjournment, the Board elected to adjourn the Meeting until 10:00 a.m. (Pacific Time) on June 24, 2021 for the sole purpose of allowing shareholders to vote on the declassification proposal.

Both leading independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co., have recommended in favor of the declassification proposal.

Proposal 6 was withdrawn prior to the Meeting.

Proposal 7. Stockholder Proposal Regarding a Director Candidate with Human and/or Civil Rights Expertise

 

For Against Abstain Broker
Non-Votes
84,056,221 505,406,543 5,838,701 64,674,420

Based on the votes set forth above, the stockholders did not approve the stockholder proposal regarding a director candidate with human and/or civil rights expertise.


Item 8.01 Other Events

As reported above under Item 5.07, the adjourned 2021 Meeting will be reconvened on June 24, 2021 at 10:00 a.m. (Pacific Time) for the sole purpose of allowing additional time for shareholders to vote on the declassification proposal (the “Reconvened Meeting”). The Reconvened Meeting will be held as a virtual (online) meeting, accessible by visiting www.virtualshareholdermeeting.com/TWTR2021.


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.

 

TWITTER, INC.
By: 

/s/ Sean Edgett

 

Sean Edgett

General Counsel

Date: June 1, 2021