Corporate GovernanceMay 8, 2026, 04:13 PM
nCino Seeks Shareholder Approval for Director Removal with/without Cause
AI Summary
nCino, Inc. filed its definitive proxy statement for its Annual Meeting on June 18, 2026. Shareholders will vote on the election of four director nominees, the ratification of Ernst & Young LLP as the independent auditor, and an advisory vote on executive compensation. A key proposal includes amending the Company's Certificate of Incorporation to permit stockholders to remove directors with or without cause, building on the board's ongoing declassification process approved at the 2025 Annual Meeting.
Key Highlights
- Annual Meeting to be held virtually on June 18, 2026, at 10:00 a.m. ET.
- Shareholders to vote on the election of four director nominees.
- Proposal to ratify Ernst & Young LLP as independent auditor for fiscal year ending January 31, 2027.
- Advisory vote to approve compensation paid to named executive officers.
- Proposal to amend Certificate of Incorporation to permit director removal with or without cause.
- Board declassification, approved at 2025 Annual Meeting, continues.
- Record date for voting is April 20, 2026, with 108,794,598 shares outstanding.
- Director removal amendment requires 66 2/3% affirmative vote of outstanding shares.
Price Impact
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