Item 5.07Submission of Matters to a Vote of Security Holders.
On March 1, 2023, Symbotic Inc. (the “Company”) held its 2023 annual meeting of stockholders via live audio webcast (the “Annual Meeting”). At the Annual Meeting, the Company's stockholders voted on two proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on January 18, 2023.
As of January 3, 2023, the record date for the Annual Meeting, there were 59,359,050 shares of Class A common stock, 78,389,034 shares of Class V-1 common stock and 416,933,025 shares of Class V-3 common stock outstanding and entitled to vote at the Annual Meeting. Holders of shares of Class A common stock and Class V-1 common stock were entitled to one vote per share of Class A common stock or Class V-1 common stock, as the case may be, and holders of shares of Class V-3 common stock were entitled to three votes per share of Class V-3 common stock they beneficially own. All holders of Class A common stock, Class V-1 common stock and Class V-3 common stock voted together as a single class on all matters submitted to a vote of stockholders at the Annual Meeting. There were 54,018,589 shares of Class A common stock, 74,308,451 shares of Class V-1 common stock and 416,933,025 shares of Class V-3 common stock present or represented by valid proxy at the Annual Meeting, representing 99.32% of the combined voting power of the shares entitled to vote as of the record date, thus establishing a quorum for the Annual Meeting.
The shareholders voted on the following proposals at the Annual Meeting:
1.To elect seven directors, each to serve for a term of one year until the 2024 Annual Meeting of Stockholders, until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, disqualification or removal.
2.To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2023.
The final number of votes cast for and against and the final number of abstentions and broker non-votes with respect to each matter voted upon are set forth below.
1.Election of Directors
| | | | | | | | | | | |
| Nominee | For | Withheld | Broker Non-Votes |
| Richard Cohen | 1,372,842,450 | 218,538 | 6,065,127 |
| Rollin Ford | 1,372,876,937 | 184,051 | 6,065,127 |
| Charles Kane | 1,372,887,851 | 173,137 | 6,065,127 |
| Todd Krasnow | 1,372,893,883 | 167,105 | 6,065,127 |
| Vikas Parekh | 1,372,894,188 | 166,800 | 6,065,127 |
| Daniela Rus | 1,372,913,992 | 146,996 | 6,065,127 |
| Merline Saintil | 1,372,625,740 | 435,248 | 6,065,127 |
Each of the seven nominees for director was elected to serve for a term of one year until the 2024 Annual Meeting of Stockholders, until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, disqualification or removal.
2.Ratification of Appointment of Independent Registered Public Accounting Firm
| | | | | | | | |
| For | Against | Abstentions |
| 1,379,109,367 | 3,023 | 13,725 |
There were no broker non-votes with respect to this proposal.
The stockholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2023.