Corporate GovernanceJun 22, 2026, 05:07 PM
nCino Stockholders Approve Charter Amendment for Director Removal
AI Summary
nCino, Inc. held its Annual Meeting of Stockholders on June 18, 2026, where stockholders approved a significant amendment to the Company's Certificate of Incorporation. This amendment allows stockholders to remove any director from office with or without cause, aligning the Charter with Delaware General Corporation Law following the board's declassification. Additionally, stockholders elected four directors, ratified the appointment of Ernst & Young LLP as the independent auditor, and approved executive compensation on an advisory basis.
Key Highlights
- Stockholders approved an amendment to the Certificate of Incorporation to permit director removal with or without cause with 86,731,161 votes For.
- Four directors were elected to the Board, including Jon Doyle (56,634,108 votes For), William Spruill (57,843,009 votes For), Diego Dugatkin (86,043,323 votes For), and Andy Yasutake (86,188,762 votes For).
- The appointment of Ernst & Young LLP as independent auditor was ratified with 96,196,995 votes For.
- Stockholders approved, on an advisory basis, executive compensation with 75,668,064 votes For.
- Approximately 88.7% of eligible shares were represented at the Annual Meeting.
Price Impact
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