Item 8.01 Other Events.
As previously reported, a special meeting (the Special Meeting) of stockholders of Dell Technologies Inc. (the Company)
was held on December 11, 2018, at which the Companys stockholders approved the proposals relating to the Companys previously announced transaction (the Class V transaction) in which holders of shares of Class V
common stock of the Company may elect to receive in exchange for each share of Class V common stock either (i) such number of shares of Class C common stock of the Company as determined by the application of the exchange ratio, which
will be between 1.5043 and 1.8130, or (ii) $120.00 in cash, without interest, subject to a cap of $14 billion on the aggregate amount of cash consideration.
On December 11, 2018, the Company filed with the Securities and Exchange Commission a Current Report on Form
8-K
(the Voting Results
8-K),
which reported the final voting results for the proposals presented at the Special Meeting that had been certified by the independent
inspector of election for the Special Meeting. Holders of more than 61% of the outstanding Class V common stock, excluding affiliates of the Company and voting as a separate class, voted in favor of the Class V transaction. On
December 12, 2018, the day after the Special Meeting and after the polls for voting at the Special Meeting had closed, an additional proxy was received by the Companys proxy solicitor for the Special Meeting. Because such proxy was not
timely received by the Companys proxy solicitor, it was not considered in determining the final voting results with respect to the Special Meeting proposals as reported in the Voting Results
8-K.
The
inclusion of such proxy would not have affected the outcome of the voting on the proposals and would not have materially affected the voting results.
If such proxy had been timely received, the number of unaffiliated Class V shares voted at the Special Meeting would have included an
additional: (a) 2,295,061 votes for, 8,545,887 votes against, and 1,920 abstentions with respect to the proposal to approve the amended merger agreement pursuant to which the Class V transaction will be effected (Proposal 1); (b) 2,283,477
votes for, 8,555,866 votes against, and 3,525 abstentions with respect to the proposal to approve the amended and restated certificate of incorporation of the Company (Proposal 2); and (c) 2,252,339 votes for, 8,582,729 votes against, and 7,800
abstentions with respect to the proposal to approve, on a
non-binding,
advisory basis, the transaction-related compensation (Proposal 3). As a result, if such proxy had been timely received, holders of more
than 63% of the outstanding Class V common stock, excluding affiliates of the Company and voting as a separate class, would have been deemed to have voted in favor of the Class V transaction, and votes in favor of the Class V
transaction would have been deemed to constitute more than 84% of the Class V shares voted by unaffiliated Class V common stockholders who cast a ballot.
The above information is reported for informational purposes only. Because such additional proxy was not timely received, the final certified
voting results are as presented in the Voting Results
8-K
and are not amended or supplemented by the information set forth herein.