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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 8, 2024
ENVESTNET,
INC.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-34835 |
|
20-1409613 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification Number) |
1000
Chesterbrook Boulevard, Suite
250
Berwyn,
Pennsylvania |
|
19312 |
(Address of principal executive
offices) |
|
(Zip Code) |
(312)
827-2800
(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 obligations 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 $0.005 per share |
|
ENV |
|
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 5.03 Amendment to Amended and Restated
Articles of Incorporation or Bylaws; Change in Fiscal Year.
At the 2024 Annual Shareholders
Meeting of Envestnet, Inc. (the “Company”) held on May 8, 2024 (the “Annual Meeting”), the Company’s shareholders
approved an amendment to the Company’s Fifth Amended and Restated Certificate of Incorporation (the “Charter Amendment”)
to allow for exculpation of certain officers as permitted pursuant to recent amendments to Delaware law. A description of the Charter
Amendment is set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”)
on April 5, 2024. The Charter Amendment became effective upon the filing of a Certificate of Amendment with the Secretary of State of
the State of Delaware on May 9, 2024 (the “Certificate of Amendment”).
The foregoing description
of the Charter Amendment is not complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment,
a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote
of Security Holders.
At the 2024 Annual Shareholders
Meeting of Envestnet, Inc. (the “Company”) held on May 8, 2024 (the “Annual Meeting”), the Company’s shareholders
voted on (1) the election of two directors nominated by the Board of Directors to serve until the 2025 Annual Shareholders Meeting and,
in each case, until their successor is duly elected and qualified or until their earlier resignation, removal, incapacity or death; (2)
the approval, on an advisory basis, of 2023 executive compensation; (3) the ratification of the appointment of KPMG LLP as the Company’s
independent registered public accounting firm for the fiscal year ending December 31, 2024; (4) the approval of the Envestnet, Inc.
2024 Long-Term Incentive Plan, and (5) the approval of an amendment to Envestnet’s Fifth Amended and Restated Certificate of Incorporation
to allow for exculpation of certain officers as permitted pursuant to recent amendments to Delaware law.
The tables below set forth the voting results.
PROPOSAL 1
Election of directors to
serve until the 2025 Annual Shareholders Meeting.
NOMINEE | |
FOR | | |
WITHHELD | | |
BROKER
NON-VOTES | |
Valerie Mosley
| |
| 45,488,965 | | |
| 2,100,621 | | |
| 3,200,513 | |
Gregory Smith
| |
| 45,599,981 | | |
| 1,989,605 | | |
| 3,200,513 | |
PROPOSAL 2
The approval, on an advisory basis,
of 2023 executive compensation.
| |
SHARES | |
For: | |
| 45,195,182 | |
Against: | |
| 2,064,280 | |
Abstain: | |
| 330,124 | |
Broker Non-Votes: | |
| 3,200,513 | |
PROPOSAL 3
The ratification of the appointment of
KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.
| |
SHARES | |
For:
| |
| 50,119,099 | |
Against:
| |
| 343,069 | |
Abstain:
| |
| 327,930 | |
Broker Non-Votes:
| |
| - | |
PROPOSAL 4
The approval of the Envestnet, Inc.
2024 Long-Term Incentive Plan.
| |
SHARES | |
For:
| |
| 44,115,345 | |
Against:
| |
| 3,153,063 | |
Abstain:
| |
| 321,177 | |
Broker Non-Votes:
| |
| 3,200,514 | |
PROPOSAL 5
The approval of an amendment to Envestnet’s
Fifth Amended and Restated Certificate of Incorporation to allow for exculpation of certain officers as permitted pursuant to recent
amendments to Delaware law.
| |
SHARES | |
For:
| |
| 40,638,918 | |
Against:
| |
| 6,614,762 | |
Abstain:
| |
| 335,905 | |
Broker Non-Votes:
| |
| 3,200,514 | |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following material is filed
as an exhibit to this Current Report on Form 8-K:
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.
|
ENVESTNET, INC. |
|
|
Dated: May 10, 2024 |
By: |
/s/ Shelly O’Brien |
|
|
Shelly O’Brien |
|
|
Chief Legal Officer, General Counsel and Corporate Secretary |
4
Exhibit 3.1
CERTIFICATE OF AMENDMENT
OF
CERTIFICATE OF INCORPORATION OF
ENVESTNET, INC.
Envestnet, Inc. (the
“Corporation”), a corporation organized and existing under the General Corporation Law of the State of Delaware, hereby certifies
as follows:
1.
This Certificate of Amendment amends the provisions of the Corporation’s Fifth Amended and Restated Certificate of
Incorporation filed with the Secretary of State of the State of Delaware on August 3, 2010.
2.
Article VI, Paragraph 1 of the Corporation’s Fifth Amended and Restated Certificate of Incorporation is hereby amended and
restated in its entirety as follows:
“ARTICLE VI 1. To the fullest extent
permitted by the Law as the same exists or may hereafter be amended, a director or officer of the Corporation shall not be personally
liable to the Corporation or its shareholders for monetary damages for breach of fiduciary duty as a director or officer, as applicable,
except for liability of (i) a director or officer for any breach of the director’s or officer’s duty of loyalty to the
Corporation or its shareholders, (ii) a director or officer for acts of omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii) a director under Section 174 of the Law, as the same exists or hereafter may
be amended, or (iv) a director or officer for any transaction from which the director or officer derived an improper personal benefit,
or (v) an officer in any action by or in the right of the Corporation.”
3.
This amendment was duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of
Delaware.
IN
WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment to be signed by Shelly O’Brien, its Chief Legal Officer,
General Counsel and Corporate Secretary, this 9th day of May, 2024.
|
/s/ Shelly O’Brien |
|
Shelly O’Brien |
|
Chief Legal Officer, General Counsel and |
|
Corporate Secretary |
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