ACV Auctions (NASDAQ: ACVA) 2026 meeting backs pay, elects directors, ratifies EY
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
ACV Auctions Inc. reported the results of its Annual Meeting of Stockholders held on May 27, 2026. Stockholders elected Brian Hirsch and Eileen Kamerick as Class II directors, with Hirsch receiving 119,948,565 votes for and Kamerick receiving 74,632,549 votes for.
Stockholders also approved, on a non-binding advisory basis, the executive compensation, with 107,042,519 votes for and 13,646,539 against. In addition, they ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 146,535,078 votes for and 741,269 against.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Brian Hirsch: 119,948,565 votes
Votes for Eileen Kamerick: 74,632,549 votes
Say-on-pay votes for: 107,042,519 votes
+3 more
6 metrics
Votes for Brian Hirsch
119,948,565 votes
Election as Class II director at 2026 annual meeting
Votes for Eileen Kamerick
74,632,549 votes
Election as Class II director at 2026 annual meeting
Say-on-pay votes for
107,042,519 votes
Non-binding approval of executive compensation
Say-on-pay votes against
13,646,539 votes
Non-binding approval of executive compensation
Auditor ratification votes for
146,535,078 votes
Ratification of Ernst & Young LLP for FY ending Dec 31, 2026
Auditor ratification votes against
741,269 votes
Ratification of Ernst & Young LLP for FY ending Dec 31, 2026
Key Terms
non-binding, advisory basis, broker non-votes, independent registered public accounting firm, Annual Meeting of Stockholders, +1 more
5 terms
non-binding, advisory basis regulatory
"The stockholders approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers."
A non-binding, advisory basis means a recommendation or decision that carries no legal force and does not obligate the parties to act; it’s similar to a friendly suggestion rather than a signed promise. For investors, this matters because such guidance can influence market expectations and management plans but offers no guarantee of follow-through, so investors should treat it as informative input rather than a firm commitment.
broker non-votes financial
"The voting results were as follows ... Broker Non-Votes 25,584,102"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm regulatory
"the appointment of Ernst and Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026."
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Annual Meeting of Stockholders regulatory
"the Company held its Annual Meeting of Stockholders (“Annual Meeting”)."
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did ACVA stockholders approve at the May 27, 2026 annual meeting?
ACVA stockholders approved all three proposals presented at the annual meeting. They elected two Class II directors, approved executive compensation on a non-binding basis, and ratified Ernst & Young LLP as the independent registered public accounting firm for the 2026 fiscal year.
Which directors were elected to ACVA’s board in 2026 and for how long?
Stockholders elected Brian Hirsch and Eileen Kamerick as Class II directors. They will serve until the 2029 Annual Meeting of Stockholders and continue until their successors are duly elected or until earlier resignation or removal, according to the meeting results.
How did ACVA stockholders vote on executive compensation in 2026?
ACVA stockholders approved the compensation of named executive officers on a non-binding advisory basis. The vote totaled 107,042,519 shares for, 13,646,539 against, and 2,764,290 withheld, with 25,584,102 broker non-votes recorded on this say-on-pay proposal.
Which audit firm did ACVA stockholders ratify for the 2026 fiscal year?
Stockholders ratified Ernst & Young LLP as ACVA’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The ratification received 146,535,078 votes for, 741,269 against, and 1,761,103 votes withheld, with no broker non-votes.
What were the vote totals for ACVA director nominee Brian Hirsch in 2026?
Brian Hirsch received 119,948,565 votes for, zero votes against, and 3,504,783 votes withheld, with 25,584,102 broker non-votes. These results confirm his election as a Class II director to serve until the 2029 Annual Meeting of Stockholders, subject to earlier changes.
How did ACVA stockholders vote on director nominee Eileen Kamerick?
Eileen Kamerick received 74,632,549 votes for and zero votes against, with 48,820,798 votes withheld and 25,584,102 broker non-votes. Despite the large number of withheld votes, she was elected as a Class II director to serve until the 2029 Annual Meeting of Stockholders.