Qumu Announces Results of 2022 Annual Meeting of Shareholders
June 03 2022 - 8:01AM
Business Wire
Qumu Corporation (Nasdaq: QUMU), a leading provider of
cloud-based enterprise video technology, today announced the
results of its 2022 Annual Meeting of Shareholders held Thursday,
June 2, 2022 at 2:00 p.m. Mountain Time with respect to all
proposals described in Qumu’s notice and proxy statement filed with
the Securities and Exchange Commission on May 2, 2022.
A total of 13,846,935 shares of Qumu common stock were
represented at the Annual Meeting, which is approximately 77.5% of
the shares outstanding as of the close of business on the record
date of April 25, 2022.
At the Annual Meeting, each director nominee was elected to
serve as a director of the Company. Further, shareholders approved
each of the following matters:
- Proposal 2: To approve, on a non-binding advisory basis, the
compensation paid to Qumu’s named executive officers;
- Proposal 3: To approve an amendment to the Qumu Corporation
Second Amended and Restated 2007 Stock Incentive Plan to increase
the number of shares authorized for issuance by 1,200,000 shares;
and
- Proposal 4: To ratify the appointment of KPMG LLP as the
independent registered public accounting firm for Qumu Corporation
for the year ending December 31, 2022.
With respect to Proposal 5, a shareholder proposal relating to
the engagement of an investment bank for the sale of Qumu, the Qumu
shareholders approved this proposal on an advisory basis with 52%
of the shares voting in favor and 48% of the shares voting against
or abstain.
“Thank you to all Qumu shareholders who voted and provided input
on Proposal 5,” said Chairman Neil Cox. “Qumu’s board of directors
appreciates all shareholder viewpoints and will continue to be open
to and evaluate the feedback received from shareholders as we focus
on maximizing long-term shareholder value.”
About Qumu
Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools
to create, manage, secure, distribute and measure the success of
live and on-demand video for the enterprise. The Qumu Cloud
platform enables global organizations to drive human engagement,
increase access to and insights from video use, and modernize the
workplace by providing a more efficient and effective way to share
knowledge.
Forward-Looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Any statements contained
in this press release that are not statements of historical fact
may be deemed to be forward-looking statements. Without limiting
the foregoing, words such as “may,” “will,” “expect,” “believe,”
“anticipate,” or “estimate” or comparable terminology are intended
to identify forward-looking statements. Forward-looking statements
are subject to various risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in such statements.
The risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in these
forward-looking statements include the risk factors described in
the company’s Annual Report on Form 10-K for the year ended
December 31, 2021, and other factors set forth in the company’s
filings with the Securities and Exchange Commission.
The forward-looking statements in this press release speak only
as of the date of this press release. Except as required by law,
Qumu assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220603005097/en/
Qumu Media Contact: Ashley Paula-Legge Big Valley
Marketing for Qumu alegge@bigvalley.co +1 707-972-0073
Qumu Investor Contact: Matt Glover or Tom Colton Gateway
Investor Relations QUMU@gatewayir.com +1.949.574.3860
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