UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
CrowdStrike Holdings, Inc. (the “Company”) held its Annual Meeting of Stockholders on June 29, 2022 (the “Annual Meeting”). Proxies for the Annual Meeting were solicited pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended. At the close of business on May 2, 2022, the record date for the Annual Meeting, there were 213,355,830 shares of Class A common stock outstanding and entitled to vote and 18,662,827 shares of Class B common stock outstanding and entitled to vote. Holders of Class A common stock were entitled to one vote per share on each proposal. Holders of Class B common stock were entitled to 10 votes per share on each proposal.
At the Annual Meeting, the Company’s stockholders voted on the following two proposals, each of which is described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on May 6, 2022. The number of votes cast with respect to each proposal was as indicated below:
| 1. | Election of Class III Directors. The following nominees were elected to serve as Class III directors until the Company’s 2025 annual meeting of stockholders and until their respective successors are duly elected and qualified, or, if sooner, until the director’s death, resignation or removal, based on the following results of voting: |
| Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||||||||
| Cary J. Davis | 222,868,988 | 96,482,075 | 31,828,153 | |||||||||
| George Kurtz | 278,591,004 | 40,760,059 | 31,828,153 | |||||||||
| Laura J. Schumacher | 267,840,479 | 51,510,584 | 31,828,153 | |||||||||
| 2. | Ratification of Selection of Independent Registered Public Accounting Firm. The selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the fiscal year ending January 31, 2023 was ratified based on the following results of voting: |
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||
| 350,038,458 | 819,734 | 321,024 | N/A | |||||||||||
| Item 8.01 | Other Events |
As part of a regular review of the corporate governance practices of the Company and in an effort to continue to attract and retain qualified members of the Board, the Board approved revisions to the Company’s Outside Director Compensation Policy (the “Director Compensation Policy”), which provides annual cash and equity compensation, on the terms and conditions contained therein. The Director Compensation Policy is intended to enable the Company to attract qualified directors, provide them with compensation at a level that is consistent with the Company’s compensation objectives, and in the case of equity-based compensation, align our directors’ interests with those of our stockholders. The revisions to the Director Compensation Policy were effective as of June 29, 2022.
Under the Director Compensation Policy, the Company’s non-employee directors are entitled to receive the following cash compensation, payable in quarterly installments:
| • | Non-executive board chair: $50,000 |
| • | Board member: $40,000 |
| • | Audit committee chair: $25,000 |
| • | Audit committee member: $10,000 |
| • | Compensation committee chair: $19,000 |
| • | Compensation committee member: $9,500 |
| • | Nominating and corporate governance committee chair: $10,000 |
| • | Nominating and corporate governance committee member: $5,000 |
The Board is also implementing a program to allow non-employee directors to elect to take their cash compensation in the form of restricted stock units (“RSUs”).
These directors will also receive equity-based compensation in the form of RSUs with respect to shares of Class A common stock granted pursuant to the Crowdstrike Holdings, Inc. 2019 Equity Incentive Plan.
Each non-employee director joining the Board will be automatically granted the following awards upon first joining our Board:
| • | an initial RSU award with a value of $375,000, vesting annually over three years, subject to continued service on the Board; plus |
| • | an annual RSU award with a value of $230,000, pro-rated based on the director’s length of service prior to the next annual meeting of stockholders. This award will vest on the earlier of (i) the date of the next annual meeting of stockholders held after the director first joins the Board or (ii) the date on which the other directors’ annual awards described below for such year vest, subject to continued service on the Board. |
On the day of the annual meeting of stockholders, beginning on June 29, 2022, each continuing non-employee director will be automatically granted:
| • | an annual RSU award with a value of $230,000, vesting in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to continued service on the Board. |
The foregoing description of the amended Director Compensation Policy is only a summary and is qualified in its entirety by the full text of the amended Director Compensation Policy, the form of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Description of Exhibit | |
| 10.1 | Outside Director Compensation Policy, as amended on June 29, 2022 | |
| 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.
| CrowdStrike Holdings, Inc. | |
| Date: July 6, 2022 | /s/ Burt W. Podbere |
| Burt W. Podbere | |
| Chief Financial Officer |