QuantumScape (NASDAQ: QS) investors approve board, auditor and pay plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
QuantumScape Corporation reported the results of its 2026 Annual Meeting of Stockholders held on June 3, 2026. Holders of 358,839,991 Class A shares and 36,800,264 Class B shares were present in person or by proxy, representing 726,842,631 votes and 76.8% of the voting power as of the April 9, 2026 record date, which constituted a quorum.
Stockholders elected ten directors to serve until the 2027 Annual Meeting, with each nominee receiving a large majority of votes cast. They also ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved, on a non-binding advisory basis, the compensation of the company’s named executive officers.
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
Class A shares present: 358,839,991 shares
Class B shares present: 36,800,264 shares
Total votes represented: 726,842,631 votes
+4 more
7 metrics
Class A shares present
358,839,991 shares
Class A common stock present at 2026 Annual Meeting
Class B shares present
36,800,264 shares
Class B common stock present at 2026 Annual Meeting
Total votes represented
726,842,631 votes
Votes represented, equal to 76.8% of voting power as of April 9, 2026
Voting power represented
76.8%
Voting power of common stock represented at 2026 Annual Meeting
Auditor ratification votes for
720,667,490 votes
Votes for ratifying Ernst & Young LLP for fiscal year ending December 31, 2026
Say-on-pay votes for
559,002,144 votes
Votes for approving named executive officer compensation on a non-binding basis
Broker non-votes on directors
156,901,206 votes
Broker non-votes recorded for each director nominee
Key Terms
broker non-votes, non-binding advisory basis, independent registered public accounting firm, voting power
4 terms
broker non-votes financial
"as well as the number of abstentions and broker non-votes as to each such matter"
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 financial
"approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
independent registered public accounting firm financial
"ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm"
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.
voting power financial
"collectively representing 726,842,631 votes and 76.8% of the voting power of the shares"
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.
FAQ
What did QuantumScape (QS) stockholders vote on at the 2026 Annual Meeting?
Stockholders elected ten directors, ratified Ernst & Young LLP as independent registered public accounting firm for 2026, and approved, on a non-binding advisory basis, the compensation of QuantumScape’s named executive officers. All three proposals received strong support from the votes cast.
What was the voter turnout for QuantumScape (QS) at the 2026 Annual Meeting?
The meeting had holders of 358,839,991 Class A shares and 36,800,264 Class B shares present, representing 726,842,631 votes and 76.8% of the voting power as of April 9, 2026. This participation level was sufficient to constitute a quorum for business.
How did QuantumScape (QS) stockholders vote on director elections in 2026?
All ten director nominees, including Brad Buss, Jeneanne Hanley and Dr. Siva Sivaram, were elected with substantial majorities. Each received hundreds of millions of votes for, with only a few million votes withheld and 156,901,206 broker non-votes reported for each nominee.
Was Ernst & Young LLP ratified as QuantumScape (QS) auditor for 2026?
Yes. Stockholders cast 720,667,490 votes for ratifying Ernst & Young LLP as independent registered public accounting firm, 4,190,393 votes against and 1,984,748 abstentions. This strong approval confirms Ernst & Young LLP for the fiscal year ending December 31, 2026.
How did QuantumScape (QS) investors vote on executive compensation in 2026?
On a non-binding advisory basis, 559,002,144 votes were cast for approving named executive officer compensation, 8,698,731 against and 2,240,550 abstentions, with 156,901,206 broker non-votes. These results show clear support for QuantumScape’s executive pay package at the 2026 Annual Meeting.