Calix shareholders approve directors and key proposals
Calix, Inc. reported results of its annual stockholder meeting held on May 14, 2026.
Rhea-AI Filing Summary
Calix, Inc. reported results of its annual stockholder meeting held on May 14, 2026. Stockholders elected three Class I directors—Kathleen Crusco, Carl Russo and Michael Weening—to serve until the 2029 annual meeting. They also approved increasing shares reserved under the stock purchase and matching plan by 672,300 shares.
Stockholders approved, on a non-binding advisory basis, the compensation of named executive officers and ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. They further approved, on an advisory basis, a stockholder proposal relating to a simple majority vote.
Positive
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Negative
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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
Crusco director votes for: 44,653,525 votes
Russo director votes for: 47,092,848 votes
Weening director votes for: 48,150,666 votes
+5 more
8 metrics
Crusco director votes for
44,653,525 votes
Election of Kathleen Crusco as Class I director
Russo director votes for
47,092,848 votes
Election of Carl Russo as Class I director
Weening director votes for
48,150,666 votes
Election of Michael Weening as Class I director
Plan share increase
672,300 shares
Additional shares reserved for stock purchase and matching plan
Plan proposal votes for
40,036,626 votes
Approval of plan share increase
Say-on-pay votes for
47,570,890 votes
Advisory approval of executive compensation
Auditor ratification votes for
57,677,450 votes
Ratification of KPMG LLP for fiscal year ending December 31, 2026
Simple majority votes for
44,579,584 votes
Advisory approval of simple majority vote stockholder proposal
Key Terms
broker non-votes, non-binding, advisory basis, independent registered public accounting firm, simple majority vote, +1 more
5 terms
broker non-votes financial
"For | Against | Abstained | Broker Non-Votes 40,036,626 | 9,082,037 | 108,693 | 8,996,932"
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.
non-binding, advisory basis regulatory
"To approve, 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.
independent registered public accounting firm regulatory
"To ratify the selection of KPMG 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.
simple majority vote regulatory
"To approve, on an advisory basis, a stockholder proposal relating to a simple majority vote"
Amended and Restated Stock Purchase and Matching Plan financial
"increase in the number of shares of common stock reserved for issuance under the matching component of the Calix, Inc. Amended and Restated Stock Purchase and Matching Plan"
FAQ
What did Calix (CALX) stockholders decide at the 2026 annual meeting?
Calix stockholders approved all five proposals presented. They elected three Class I directors, increased shares for the stock purchase and matching plan, backed executive compensation, ratified KPMG as auditor, and supported a stockholder proposal for a simple majority vote, all based on disclosed vote tallies.
Which directors were elected to Calix (CALX) Class I board seats?
Three nominees were elected as Class I directors. Stockholders elected Kathleen Crusco, Carl Russo, and Michael Weening to the board, each to serve until the 2029 annual meeting or until a successor is elected and qualified, or earlier death, resignation or removal.
Did Calix (CALX) stockholders approve executive compensation on an advisory basis?
Yes, stockholders approved executive compensation. The non-binding advisory vote on compensation of named executive officers received 47,570,890 votes for, 1,519,777 against, 136,689 abstentions, and 8,996,932 broker non-votes, indicating support for the disclosed pay program at this meeting.
Who will serve as Calix (CALX) independent auditor for fiscal year 2026?
KPMG LLP was ratified as independent registered public accounting firm. The ratification for the fiscal year ending December 31, 2026 received 57,677,450 votes for, 425,224 against, and 121,614 abstentions, reflecting strong stockholder support for retaining KPMG.
What happened with the Calix (CALX) stockholder proposal on simple majority voting?
Stockholders approved the advisory simple majority vote proposal. The proposal received 44,579,584 votes for, 4,509,208 against, 138,564 abstentions, and 8,996,932 broker non-votes, indicating stockholder support for this governance-related recommendation on an advisory basis.
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