Opendoor Technologies Inc.

06/22/2021 | Press release | Distributed by Public on 06/22/2021 15:04

Submission of Matters to a Vote of Security Holders (Form 8-K)

Submission of Matters to a Vote of Security Holders.
Opendoor Technologies Inc. (the 'Company') held its 2021 Annual Meeting of Stockholders on June 17, 2021 (the 'Meeting'). A total of 396,248,086 shares of the Company's common stock were present online or represented by proxy at the meeting, representing approximately 68.6% percent of the Company's outstanding common stock as of the April 20, 2021 record date. The following are the voting results for the proposals considered and voted upon at the meeting, all of which were described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2021.
1. Election of Cipora Herman, Jonathan Jaffe and Glenn Solomon as Class I Directors, each for a three-year term ending at the 2024 Annual Meeting of Stockholders:
Nominees For Withhold Broker Non-Votes
Cipora Herman 341,159,307 16,506,644 38,582,135
Jonathan Jaffe 356,118,058 1,547,893 38,582,135
Glenn Solomon 357,503,661 162,290 38,582,135
2. Ratification of Deloitte & Touche LLP as the Company's independent auditor for the fiscal year ending December 31, 2021:
For Against Abstain Broker Non-Votes
395,552,230 473,282 222,574 0
3. The approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers:
For Against Abstain Broker Non-Votes
351,815,160 753,598 5,097,193 38,582,135
4. The approval, on an advisory (non-binding) basis, of the frequency of future advisory votes on the compensation of the Company's named executive officers:
1 year 2 years 3 years Abstain Broker Non-Votes
357,074,798 78,420 335,928 176,805 38,582,135
Based on the foregoing, Cipora Herman, Jonathan Jaffe and Glenn Solomon were elected as Class I Directors, Items 2 and 3 were approved and the Company's stockholders recommended that future stockholder advisory votes on the compensation of the Company's named executive officers be held every year. Based on the foregoing voting results and consistent with the Board of Directors' recommendation, the Company has determined to hold an advisory vote on the compensation of the Company's named executive officers every year until the next advisory vote regarding the frequency of future advisory votes on the compensation of the Company's named executive officers is submitted to the stockholders or the Board of Directors otherwise determines that a different frequency for such advisory vote is in the best interests of the Company.


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