SiTime (NASDAQ: SITM) holders back directors, say-on-pay and Deloitte
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SiTime Corporation held its Annual Meeting of Stockholders on May 29, 2026. Stockholders elected three Class I directors — Torsten G. Kreindl, Ganesh Moorthy, and Akira Takata — to serve until the 2029 annual meeting or until successors are duly elected and qualified.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers and ratified the appointment of Deloitte & Touche LLP as SiTime’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
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 Torsten G. Kreindl: 23,164,748 votes
Votes for Ganesh Moorthy: 23,341,420 votes
Votes for Akira Takata: 22,220,842 votes
+5 more
8 metrics
Votes for Torsten G. Kreindl
23,164,748 votes
Director election at 2026 annual meeting
Votes for Ganesh Moorthy
23,341,420 votes
Director election at 2026 annual meeting
Votes for Akira Takata
22,220,842 votes
Director election at 2026 annual meeting
Say-on-pay votes for
19,453,859 votes
Advisory compensation approval
Say-on-pay votes against
4,233,104 votes
Advisory compensation approval
Auditor ratification votes for
25,238,521 votes
Deloitte & Touche LLP ratified for fiscal 2026
Auditor ratification votes against
901 votes
Deloitte & Touche LLP ratified for fiscal 2026
Auditor ratification abstentions
17,618 votes
Deloitte & Touche LLP ratified for fiscal 2026
Key Terms
broker non-votes, advisory basis, independent registered public accounting firm, Annual Meeting of Stockholders
4 terms
broker non-votes financial
"For | Withheld | Broker Non-Votes Torsten G. Kreindl | 23,164,748 | 610,956 | 1,481,336"
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.
advisory basis financial
"stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers"
independent registered public accounting firm financial
"ratification of the appointment of Deloitte & Touche LLP, as 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.
Annual Meeting of Stockholders financial
"The Annual Meeting of Stockholders of SiTime Corporation was held on May 29, 2026"
FAQ
What did SiTime (SITM) stockholders approve at the 2026 annual meeting?
SiTime stockholders approved all three proposals presented at the 2026 annual meeting. They elected three Class I directors, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as independent auditor for the fiscal year ending December 31, 2026.
Who was elected to SiTime (SITM) board of directors at the 2026 meeting?
Stockholders elected Torsten G. Kreindl, Ganesh Moorthy, and Akira Takata as Class I directors. Each will serve until the 2029 annual meeting of stockholders or until a successor is duly elected and qualified, consistent with SiTime’s classified board structure.
How did SiTime (SITM) stockholders vote on executive compensation in 2026?
SiTime stockholders approved, on an advisory basis, the compensation of named executive officers. The say-on-pay vote received 19,453,859 votes for, 4,233,104 against, and 88,741 abstentions, with 1,481,336 broker non-votes recorded on this compensation proposal.
Which audit firm did SiTime (SITM) stockholders ratify for fiscal 2026?
Stockholders ratified Deloitte & Touche LLP as SiTime’s independent registered public accounting firm for fiscal year 2026. The ratification vote received 25,238,521 votes for, 901 votes against, and 17,618 abstentions, with no broker non-votes reported on this proposal.
When was SiTime (SITM) 2026 annual meeting of stockholders held?
SiTime held its 2026 Annual Meeting of Stockholders on May 29, 2026. At this meeting, stockholders voted on the election of three Class I directors, an advisory say-on-pay proposal, and the ratification of Deloitte & Touche LLP as the company’s independent auditor.
What were the broker non-votes on SiTime (SITM) 2026 proposals?
For the director elections and say-on-pay proposal, 1,481,336 broker non-votes were recorded on each. For the auditor ratification proposal, there were zero broker non-votes, reflecting full eligibility of those shares to vote on the auditor question.