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 14, 2023
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices) | (Zip Code) | |||||||
(480 ) 618-6760
(Registrant’s telephone number, including area code)
N/A
(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:
| 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 | ||||||||||||
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. o
Item 5.07Submission of Matters to a Vote of Security Holders.
Opendoor Technologies Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders on June 14, 2023 (the “Meeting”). A total of 458,129,780 shares of the Company's common stock were present virtually or represented by proxy at the Meeting, representing approximately 70.76% of the Company’s outstanding common stock as of April 17, 2023, the Company’s record date. The final voting results for the proposals considered and voted upon at the Meeting, all of which were described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 27, 2023, are as follows:
Proposal No. 1: The Company’s stockholders elected each of Jason Kilar, Carrie Wheeler and Eric Wu as Class III Directors, to serve a three-year term ending at the 2026 Annual Meeting of Stockholders, or until their successors are duly elected and qualified, subject to their earlier removal or resignation. The result of such vote was as follows:
| Nominees | For | Withhold | Broker Non-Votes | |||||||||||||||||
| Jason Kilar | 269,998,944 | 67,817,207 | 120,313,629 | |||||||||||||||||
| Carrie Wheeler | 335,943,964 | 1,872,187 | 120,313,629 | |||||||||||||||||
| Eric Wu | 326,669,316 | 11,146,835 | 120,313,629 | |||||||||||||||||
Proposal No. 2: The Company’s stockholders ratified Deloitte & Touche LLP as the Company’s independent auditor for the fiscal year ending December 31, 2023. The result of such vote was as follows:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 455,921,181 | 954,575 | 1,254,024 | 0 | |||||||||||||||||
Proposal No. 3: The Company’s stockholders approved, on an advisory (non-binding) basis, the compensation of the Company's named executive officers. The result of such vote was as follows:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 252,321,902 | 82,998,452 | 2,495,797 | 120,313,629 | |||||||||||||||||
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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.
| Opendoor Technologies Inc. | ||||||||
| Date: June 16, 2023 | By: | /s/ Carrie Wheeler | ||||||
| Name: | Carrie Wheeler | |||||||
| Title: | Chief Executive Officer | |||||||
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