MarketWise (MKTW) board opts for annual say-on-pay votes after 2026 meeting
Rhea-AI Filing Summary
MarketWise, Inc. filed an amendment detailing the outcome of its 2026 advisory vote on the frequency of stockholder “say-on-pay” votes and the resulting board decision. At the 2026 Annual Meeting, stockholders cast 7,615,818 shares in favor of holding say‑on‑pay votes every one year, 99,163 for every two years, and 5,879,057 for every three years, with 29,690 abstentions and 1,040,623 broker non‑votes. Based on these results, the board has determined that say‑on‑pay votes will be held on an annual basis until the next required advisory vote on frequency, which the company expects to hold at its 2032 Annual Meeting of Stockholders.
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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
Votes for one-year say-on-pay frequency: 7,615,818 shares
Votes for two-year say-on-pay frequency: 99,163 shares
Votes for three-year say-on-pay frequency: 5,879,057 shares
+2 more
5 metrics
Votes for one-year say-on-pay frequency
7,615,818 shares
Non-binding advisory vote at the 2026 Annual Meeting of Stockholders
Votes for two-year say-on-pay frequency
99,163 shares
Non-binding advisory vote at the 2026 Annual Meeting of Stockholders
Votes for three-year say-on-pay frequency
5,879,057 shares
Non-binding advisory vote at the 2026 Annual Meeting of Stockholders
Abstentions on say-on-pay frequency
29,690 shares
Non-binding advisory vote at the 2026 Annual Meeting of Stockholders
Broker non-votes on say-on-pay frequency
1,040,623 shares
Non-binding advisory vote at the 2026 Annual Meeting of Stockholders
Key Terms
say-on-pay, broker non-votes, non-binding advisory vote
3 terms
say-on-pay financial
"the frequency of future stockholder advisory votes regarding the compensation of the Company’s named executive officers (i.e. “say on pay” votes)"
A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.
broker non-votes financial
"29,690 shares abstained, and there were 1,040,623 broker non-votes"
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 vote financial
"in a non-binding advisory vote on the frequency of future say-on-pay votes"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
FAQ
What say-on-pay vote frequency did MarketWise (MKTW) select after the 2026 meeting?
MarketWise’s board chose an annual say-on-pay vote frequency. This decision follows the 2026 Annual Meeting, where a plurality of shares supported one-year advisory votes on executive compensation.
When will MarketWise (MKTW) next hold a vote on say-on-pay frequency?
MarketWise expects the next advisory vote on say-on-pay frequency at its 2032 Annual Meeting. This timing reflects the requirement to hold such frequency votes at least every six years.
Is MarketWise’s (MKTW) say-on-pay frequency vote binding on the board?
The say-on-pay frequency vote is non-binding. However, MarketWise’s board determined to follow the stockholder preference by adopting annual say-on-pay votes until the next frequency vote.
What does the MarketWise (MKTW) 8-K/A amendment change from the original filing?
The amendment only adds the board’s decision to hold annual say-on-pay votes. All other information from the earlier report on the 2026 Annual Meeting remains unchanged.
AI-generated analysis. How Rhea-AI works. Not financial advice.
