Veeva Systems (NYSE: VEEV) shareholders back board slate and ratify KPMG at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Veeva Systems Inc. reported the results of its June 17, 2026 Annual Meeting of shareholders. Shareholders of record as of April 20, 2026, representing 163,198,698 Class A common shares eligible to vote, considered two proposals described in the 2026 Proxy Statement.
All nine director nominees were elected to serve until the 2027 annual meeting. Support levels varied by nominee, with Peter P. Gassner receiving 130,518,132 votes for and 1,555,040 against, while Matthew J. Wallach received 84,161,990 votes for and 47,870,106 against, each with broker non-votes of 13,692,787.
Shareholders also ratified the appointment of KPMG LLP as Veeva’s independent registered public accounting firm for the fiscal year ending January 31, 2027, with 143,034,910 votes for, 2,725,098 against, and 65,837 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Shares entitled to vote: 163,198,698 shares
KPMG ratification votes for: 143,034,910 votes
KPMG ratification votes against: 2,725,098 votes
+5 more
8 metrics
Shares entitled to vote
163,198,698 shares
Class A common stock outstanding as of April 20, 2026 record date
KPMG ratification votes for
143,034,910 votes
Appointment as independent registered public accounting firm for FY ending January 31, 2027
KPMG ratification votes against
2,725,098 votes
Appointment as independent registered public accounting firm
Votes for Peter P. Gassner
130,518,132 votes
Election as director until 2027 annual meeting
Votes against Peter P. Gassner
1,555,040 votes
Election as director
Votes for Matthew J. Wallach
84,161,990 votes
Election as director until 2027 annual meeting
Votes against Matthew J. Wallach
47,870,106 votes
Election as director
Broker non-votes per director
13,692,787 votes
Reported for each director nominee
Key Terms
Annual Meeting, Record Date, broker non-votes, independent registered public accounting firm, +2 more
6 terms
Annual Meeting financial
"On June 17, 2026 at its Annual Meeting, Veeva’s shareholders voted on two proposals"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Record Date financial
"Only shareholders of record as of the close of business on April 20, 2026 (the “Record Date”) were entitled to vote"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
broker non-votes financial
"The vote for each director nominee is set forth in the table below ... 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.
independent registered public accounting firm financial
"The appointment of KPMG LLP as Veeva’s independent registered public accounting firm for the fiscal year ending January 31, 2027 was ratified"
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.
Class A common stock financial
"As of the Record Date, 163,198,698 shares of Veeva’s Class A common stock were outstanding and entitled to vote"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
proxy statement financial
"two proposals, each of which is described in more detail in the 2026 Proxy Statement"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________________________________________________________________
FORM 8-K
_____________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 17, 2026
_____________________________________________________________________________
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (925 ) 452-6500
Not Applicable
(Former name or former address, if changed since last report)
_____________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
par value $0.00001 per share | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 17, 2026 at its Annual Meeting, Veeva’s shareholders voted on two proposals, each of which is described in more detail in the 2026 Proxy Statement.
Only shareholders of record as of the close of business on April 20, 2026 (the “Record Date”) were entitled to vote at the Annual Meeting. As of the Record Date, 163,198,698 shares of Veeva’s Class A common stock (“Common Stock”) were outstanding and entitled to vote at the Annual Meeting. In deciding all matters at the Annual Meeting, each holder of Common Stock was entitled to one vote for each share of Common Stock held as of the close of business on the Record Date.
The matters voted on at the Annual Meeting and the voting results with respect to each such matter are set forth below.
Proposal 1: Each of the director nominees named below were elected to serve as directors until the 2027 annual meeting of shareholders or until his or her successor is duly elected and qualified. The vote for each director nominee is set forth in the table below:
| NAME | FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||||||||||||||||
| Tim Cabral | 129,552,566 | 2,519,259 | 61,233 | 13,692,787 | ||||||||||||||||||||||
Mark Carges | 105,521,497 | 26,462,379 | 149,182 | 13,692,787 | ||||||||||||||||||||||
Peter P. Gassner | 130,518,132 | 1,555,040 | 59,886 | 13,692,787 | ||||||||||||||||||||||
Mary Lynne Hedley | 113,729,590 | 17,633,749 | 769,719 | 13,692,787 | ||||||||||||||||||||||
| Priscilla Hung | 130,173,979 | 1,888,799 | 70,280 | 13,692,787 | ||||||||||||||||||||||
| Marshall Mohr | 129,220,808 | 2,792,856 | 119,394 | 13,692,787 | ||||||||||||||||||||||
Gordon Ritter | 97,109,062 | 34,885,018 | 138,978 | 13,692,787 | ||||||||||||||||||||||
Paul Sekhri | 124,845,842 | 7,056,150 | 231,066 | 13,692,787 | ||||||||||||||||||||||
Matthew J. Wallach | 84,161,990 | 47,870,106 | 100,962 | 13,692,787 | ||||||||||||||||||||||
Proposal 2: The appointment of KPMG LLP as Veeva’s independent registered public accounting firm for the fiscal year ending January 31, 2027 was ratified by the shareholders based on the following results of voting:
| FOR | AGAINST | ABSTAIN | ||||||||||||
| 143,034,910 | 2,725,098 | 65,837 | ||||||||||||
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Veeva Systems Inc. | |||||||||||
| By: | /s/ Josh Faddis | ||||||||||
| Josh Faddis | |||||||||||
| Senior Vice President, General Counsel | |||||||||||
| Dated: June 18, 2026 | |||||||||||
FAQ
Were all Veeva Systems director nominees elected at the 2026 Annual Meeting?
Yes, all nine director nominees were elected to serve until the 2027 annual meeting. Vote support levels differed by nominee, but each received more votes “for” than “against,” with additional broker non-votes reported for each director candidate.
What was the outcome of the vote for Veeva director Matthew J. Wallach?
Matthew J. Wallach was elected, receiving 84,161,990 votes for, 47,870,106 against, and 100,962 abstentions, plus 13,692,787 broker non-votes. Although support was lower relative to some peers, the “for” votes still exceeded the “against” votes.