iRobot Corporation filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$IRBT
Consumer Electronics/Appliances
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 16, 2025
(Exact Name of Registrant as Specified in its Charter)
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Registrant’s telephone number, including area code: (781 ) 430-3000
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers. | ||||
At the annual meeting of stockholders (“Annual Meeting”) of iRobot Corporation (the “Company”) held on May 16, 2025, the Company’s stockholders approved an amendment (“Plan Amendment”) to the iRobot Corporation 2018 Stock Option and Incentive Plan, as amended (the “2018 Plan”), to increase the maximum number of shares of common stock, par value $0.01 per share (“Common Stock”), reserved and issuable under the 2018 Plan by 1,700,000 shares.
A summary of the Plan Amendment is contained in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 31, 2025 (“Proxy Statement”), in connection with the Annual Meeting under the heading “Proposal 7 - Approval of an Amendment to the 2018 Stock Option and Incentive Plan” and is incorporated herein by reference.
The foregoing summary is not intended to be complete and is qualified in its entirety by reference to the full text of the 2018 Plan and the Plan Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 5.07 | Submission of Matters to a Vote of Security Holders. | ||||
The Company held the Annual Meeting on May 16, 2025 to consider and vote on the matters listed below. The proposals are described in detail in the Proxy Statement. The final voting results from the meeting are set forth below.
Proposal 1
Neil Goldman and Julien Mininberg were elected as Class II members to the Company’s board of directors (the “Board”), each to serve for a three-year term and until his successor has been duly elected and qualified, or until his earlier death, resignation or removal. Votes were as follows:
Name | For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||||||||||
Neil Goldman | 9,418,018 | 1,235,238 | 73,744 | 9,170,396 | ||||||||||||||||||||||||||||||||||||||||
Julien Mininberg | 9,150,019 | 1,445,716 | 131,265 | 9,170,396 | ||||||||||||||||||||||||||||||||||||||||
Proposal 2
The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for the 2025 fiscal year was ratified. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
19,112,583 | 709,866 | 74,947 | 0 | ||||||||||||||||||||||||||||||||
Proposal 3
The amendments to the Company’s amended and restated certificate of incorporation to eliminate supermajority voting standards were not approved, as the affirmative vote of 75% of the outstanding shares entitled to vote was required for approval. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
10,295,982 | 409,587 | 21,431 | 9,170,396 | ||||||||||||||||||||||||||||||||
Proposal 4
The amendments to the Company’s amended and restated certificate of incorporation to declassify the Board were not approved, as the affirmative vote of 75% of the outstanding shares entitled to vote was required for approval. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
10,338,797 | 327,701 | 60,502 | 9,170,396 | ||||||||||||||||||||||||||||||||
Proposal 5
The amendments to the Company’s amended and restated certificate of incorporation to eliminate the prohibition on stockholders’ ability to call a special meeting were not approved, as the affirmative vote of 75% of the outstanding shares entitled to vote was required for approval. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
10,241,135 | 454,516 | 31,349 | 9,170,396 | ||||||||||||||||||||||||||||||||
Proposal 6
The amendment to the Company’s amended and restated certificate of incorporation to limit the liability of certain officers in certain circumstances as permitted by the Delaware General Corporation Law was not approved, as the affirmative vote of holders of a majority of the outstanding shares of capital stock entitled to vote was required for approval. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
9,578,748 | 1,112,071 | 36,181 | 9,170,396 | ||||||||||||||||||||||||||||||||
Proposal 7
As discussed in Item 5.02 above, the Plan Amendment to increase the maximum number of shares of Common Stock reserved and issuable under the 2018 Plan was approved. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
5,571,002 | 5,126,315 | 29,683 | 9,170,396 | ||||||||||||||||||||||||||||||||
Proposal 8
The non-binding, advisory proposal to approve the compensation of the Company’s named executive officers was approved. Votes were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||||||||||||
9,296,483 | 1,351,889 | 78,628 | 9,170,396 | ||||||||||||||||||||||||||||||||
Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits:
Exhibit No. | Description | |||||||||||||||||||||||||
Fourth Amendment to the iRobot Corporation 2018 Stock Option and Incentive Plan. | ||||||||||||||||||||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||||||||||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 20, 2025 | iROBOT CORPORATION | |||||||
| By: | /s/ Kevin Lanouette | |||||||
| Name: | Kevin Lanouette | |||||||
| Title: | Senior Vice President & General Counsel | |||||||