Zillow Group (NASDAQ: Z) adds 45% cap to buyback and wins director votes
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Zillow Group, Inc. reported results from its 2026 Annual Meeting of Shareholders and updated its 2026 share repurchase program. Shareholders elected Amy C. Bohutinsky, Jay C. Hoag, and Gregory B. Maffei as Class III directors to serve until the 2029 annual meeting and ratified Deloitte & Touche LLP as independent auditor for the fiscal year ending December 31, 2026.
The Board also amended the 2026 repurchase program authorizing up to an additional $1.25 billion in Class A common stock, Class C capital stock or a combination, adding a condition that no repurchase may cause any single shareholder to beneficially own more than 45% of the then-outstanding voting power.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 8.01
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 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Repurchase authorization: $1.25 billion
Ownership cap: 45% voting power
Votes for Bohutinsky: 83,874,848 votes
+3 more
6 metrics
Repurchase authorization
$1.25 billion
Additional capacity under 2026 Repurchase Program
Ownership cap
45% voting power
Maximum any shareholder may beneficially own after repurchases
Votes for Bohutinsky
83,874,848 votes
Election as Class III director
Votes for Hoag
85,268,255 votes
Election as Class III director
Votes for Maffei
85,037,150 votes
Election as Class III director
Votes for auditor
94,704,606 votes
Ratification of Deloitte & Touche LLP
Key Terms
independent registered public accounting firm, 2026 Repurchase Program, beneficially owns, voting power, +1 more
5 terms
independent registered public accounting firm financial
"to ratify the appointment of Deloitte & Touche 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.
2026 Repurchase Program financial
"the Company’s previously announced 2026 repurchase program (the “2026 Repurchase Program”)"
beneficially owns financial
"no repurchase of shares ... if ... any single shareholder would beneficially own more than 45% of the then-outstanding voting power"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
voting power financial
"more than 45% of the then-outstanding voting power of the Company’s voting securities"
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.
inspector of election regulatory
"Zillow Group’s inspector of election certified the following voting results"
FAQ
What were the voting results on Zillow Group (Z) auditor ratification?
Shareholders voted to ratify Deloitte & Touche LLP as independent registered public accounting firm with 94,704,606 votes for, 189,091 votes against, and 37,889 abstentions, covering the company’s audit for the fiscal year ending December 31, 2026, as confirmed by the inspector of election.
What is Zillow Group’s 2026 repurchase program and its authorized amount?
The 2026 repurchase program authorizes the company to repurchase up to an additional $1.25 billion of Class A common stock, Class C capital stock, or a combination of both, under terms and conditions set by the Board of Directors and as amended effective June 3, 2026.
What new ownership limit did Zillow Group (Z) add to its 2026 repurchase program?
Effective June 3, 2026, no repurchase under the 2026 program is allowed if, after giving effect to the repurchase, any single shareholder would beneficially own more than 45% of the then-outstanding voting power of Zillow Group’s voting securities, according to the Board-approved amendment.