AppFolio Inc.

06/17/2025 | Press release | Distributed by Public on 06/17/2025 14:09

Proxy Results (Form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders.
The AppFolio, Inc. 2025 Annual Meeting of Stockholders (the "Annual Meeting") was held via on June 13, 2025. As of April 16, 2025, the record date for the Annual Meeting (the "Record Date"), AppFolio, Inc. (the "Company") had outstanding 23,047,322 shares of Class A Common Stock and 12,981,324 shares of Class B Common Stock. At the Annual Meeting, 20,733,410 shares of Class A Common Stock and 12,416,066 shares of Class B Common Stock were present virtually or represented by proxy. Each share of Class A Common Stock outstanding on the Record Date was entitled to one vote on each proposal presented at the Annual Meeting, and each share of Class B Common Stock outstanding on the Record Date was entitled to ten votes on each proposal presented at the Annual Meeting.
Following is a brief description of, and the final results of the voting on, each of the proposals voted upon at the Annual Meeting. The proposals are described in more detail in the Company's Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on April 28, 2025.
Proposal 1 - Election of Class I Directors
The first proposal voted upon at the Annual Meeting was the election of three Class I directors, Andreas von Blottnitz, Agnes Bundy Scanlan and Janet Kerr, to a three-year term to hold office until the Company's 2028 Annual Meeting of Stockholders, or until the date on which their respective successors are duly elected and qualified.
At the Annual Meeting, the Class I directors were elected by the following votes:
Name of Director For Withheld Broker Non-Votes
Andreas von Blottnitz 141,067,486 1,589,231 2,237,353
Agnes Bundy Scanlan 141,881,509 775,208 2,237,353
Janet Kerr 135,409,206 7,247,511 2,237,353
Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm
The second proposal voted upon at the Annual Meeting was the ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.
At the Annual Meeting, the proposal was approved by the following vote:
For Against Abstain Broker Non-Votes
144,804,050 83,251 6,769 -
Proposal 3 - Advisory Vote on Named Executive Officer Compensation
The third proposal voted upon at the Annual Meeting was the approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers.
At the Annual Meeting, the proposal was approved by the following vote:
For Against Abstain Broker Non-Votes
142,131,730 513,958 11,029 2,237,353
Proposal 4 - Advisory Vote on the Frequency of Future Stockholder Advisory Votes to Approve Named Executive Officer Compensation
The fourth proposal voted upon at the Annual Meeting was a non-binding, advisory vote on the frequency of future stockholder advisory votes to approve the compensation of the Company's named executive officers.
At the Annual Meeting, the stockholders voted, on a non-binding, advisory basis, to hold future stockholder advisory votes to approve the compensation of the Company's named executive officers every year, by the following vote:
1 Year 2 Years 3 Years Abstain
142,317,099 24,051 295,711 19,856
Based on the voting results above, the Company has determined that it will include a stockholder vote on the compensation of its named executive officers in its future proxy materials on an annual basis until the next required vote on the frequency of stockholder votes on the compensation of its named executive officers.
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