Rapid7 (NASDAQ: RPD) investors approve directors, KPMG and executive pay package
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Rapid7, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 9, 2026. Stockholders elected eleven directors to serve until the 2027 annual meeting, with each nominee receiving over 23 million votes in favor and substantial support across the slate.
Investors also ratified the Audit Committee’s selection of KPMG LLP as Rapid7’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with more than 53 million votes for and minimal opposition. In addition, stockholders approved, on a non-binding advisory basis, the company’s executive compensation program as described in its proxy materials.
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 KPMG ratification: 53,078,819 votes
Votes against KPMG ratification: 210,614 votes
Say-on-pay votes for: 41,186,409 votes
+4 more
7 metrics
Votes for KPMG ratification
53,078,819 votes
Ratification of KPMG LLP as 2026 independent auditor
Votes against KPMG ratification
210,614 votes
Ratification of KPMG LLP as 2026 independent auditor
Say-on-pay votes for
41,186,409 votes
Advisory approval of executive compensation (Proposal 3)
Say-on-pay votes against
2,052,399 votes
Advisory approval of executive compensation (Proposal 3)
Say-on-pay broker non-votes
10,065,041 votes
Broker non-votes on Proposal 3
Votes for Marc Brown
41,959,692 votes
Director election, Proposal 1
Votes for Corey Thomas
42,401,994 votes
Director election, Proposal 1
Key Terms
broker non-votes, independent registered public accounting firm, non-binding advisory basis, Annual Meeting of Stockholders, +1 more
5 terms
broker non-votes financial
"Votes For | Votes Against | Abstentions | Broker Non-Votes 53,078,819"
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 financial
"KPMG LLP as the independent registered public accounting firm of the Company"
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.
non-binding advisory basis financial
"approved, on a non-binding advisory basis, Proposal 3"
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.
Annual Meeting of Stockholders financial
"held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”)"
emerging growth company financial
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) 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 Rapid7 (RPD) stockholders vote on at the 2026 annual meeting?
Rapid7 stockholders voted on three key proposals. They elected eleven directors to serve until the 2027 annual meeting, ratified KPMG LLP as independent auditor for 2026, and approved, on a non-binding advisory basis, the compensation of the company’s named executive officers.
Did Rapid7 (RPD) stockholders approve all director nominees in 2026?
Yes, all eleven Rapid7 director nominees were elected. Each nominee received more votes for than withheld, with support generally exceeding 40 million shares for most directors, confirming the full board slate to serve until the 2027 Annual Meeting of Stockholders.
Was KPMG LLP ratified as Rapid7’s independent auditor for 2026?
Yes, KPMG LLP was ratified as independent auditor. Stockholders cast 53,078,819 votes for ratification, 210,614 votes against, and 69,437 abstentions, with no broker non-votes reported on this proposal concerning the fiscal year ending December 31, 2026.
How did Rapid7 (RPD) stockholders vote on executive compensation in 2026?
Stockholders approved Rapid7’s executive compensation on an advisory basis. Proposal 3 received 41,186,409 votes for, 2,052,399 votes against, and 55,021 abstentions, with 10,065,041 broker non-votes, indicating overall shareholder support for the named executive officers’ pay program.
Were there significant broker non-votes at Rapid7’s 2026 meeting?
Yes, broker non-votes appeared on certain proposals. For the director elections and the advisory executive compensation vote, there were 10,065,041 broker non-votes, while the auditor ratification proposal recorded no broker non-votes, reflecting typical voting patterns across agenda items.