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. |
AvidXchange Holdings, Inc. (the “Company”) held its 2022 annual meeting of stockholders (the “Annual Meeting”) on June 9, 2022. Holders of the Company’s common stock as of the close of business on April 14, 2022, the record date, were entitled to vote at the Annual Meeting. As of the record date, there were 197,641,423 shares of the Company’s common stock outstanding. Each share of common stock was entitled to one vote on each proposal. A quorum, representing holders of 155,971,749 shares of the Company’s common stock, or 78.91% of the outstanding shares of the Company’s common stock as of the record date, was present in person or represented by proxy at the Annual Meeting.
Set forth below is a brief description of each matter submitted to a vote of the Company’s stockholders:
1. Proposal No. 1: The election of James “Jim” Hausman, Lance Drummond and Wendy Murdock as Class I directors to serve in such roles until the 2025 annual meeting of stockholders and until their successors are duly elected and qualified.
2. Proposal No. 2: The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2022.
The proposals are described further in the Company’s “Proxy Statement for 2022 Annual Meeting of Stockholders” filed on April 28, 2022, with the United States Securities and Exchange Commission.
The Company’s inspector of elections certified the following vote tabulations.
Proposal No. 1: Election of Class I Directors.
The proposal was approved based upon the following votes:
| Nominee |
For | Withheld | Broker Non-Votes | |||||||||
| James “Jim” Hausman |
122,474,768 | 15,314,012 | 18,182,969 | |||||||||
| Lance Drummond |
137,732,055 | 56,725 | 18,182,969 | |||||||||
| Wendy Murdock |
127,820,118 | 9,968,662 | 18,182,969 | |||||||||
Proposal No. 2: Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm.
The proposal was approved based upon the following votes:
| For |
Against |
Abstain |
Broker Non-Votes | |||
| 155,593,731 |
5,766 | 372,252 | N/A |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AVIDXCHANGE HOLDINGS, INC. | ||||||
| Date: June 10, 2022 | ||||||
| By: | /s/ Ryan Stahl | |||||
| Ryan Stahl | ||||||
| General Counsel, Senior Vice President, and Secretary | ||||||