Webtoon Entertainment Inc.

06/06/2025 | Press release | Distributed by Public on 06/06/2025 14:50

Proxy Results (Form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 4, 2025, WEBTOON Entertainment Inc. (the "Company") held its 2025 Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, holders of 125,770,501 shares of common stock of the Company, representing approximately 96.6% of the voting power of the shares of common stock of the Company as of the close of business on April 11, 2025, the record date for the Annual Meeting, and constituting a quorum for the transaction of business, were present in person or by proxy. The following matters, as described more fully in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on April 23, 2025, were voted on by the stockholders at the Annual Meeting:
Proposal 1 - Election of Directors
The stockholders approved the election of Nancy Dubuc to serve as a Class I director until the 2028 Annual Meeting or until her successor is duly elected and qualified or until her earlier death, resignation or removal. The voting results were as follows:
Votes For Votes Withheld Broker Non-Votes
124,774,879 198,928 796,694
Proposal 2 - Advisory Vote on the Compensation of Our Named Executive Officers
The stockholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers. The voting results were as follows:
Votes For Votes Against Votes Abstain Broker Non-Votes
122,872,114 2,100,423 1,270 796,694
Proposal 3 - Advisory Vote on the Frequency of Future Advisory Stockholder Voting on Named Executive Officer Compensation
The stockholders approved, on a advisory, non-binding basis, a frequency of "one year" for holding non-binding advisory votes to approve the compensation of the Company's named executive officers. The voting results were as follows:
One Year Two Years Three Years Votes Abstain Broker Non-Votes
124,963,904 1,432 3,647 4,824 796,694
Proposal 4 - Ratification of the Selection of Independent Registered Public Accounting Firm
The stockholders ratified the selection by the Audit Committee of the Board of Directors of the Company of Samil PricewaterhouseCoopers as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The voting results were as follows:
Votes For Votes Against Votes Abstain
125,750,691 16,141 3,669
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