8-K
false000180066700018006672022-05-162022-05-16

 

 

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): May 16, 2022

 

 

JFrog Ltd.

(Exact name of Registrant as Specified in Its Charter)

 

 

Israel

001-39492

98-0680649

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

270 E. Caribbean Drive

 

Sunnyvale, California

 

94089

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (408) 329-1540

 

(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:

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(s)

 


Name of each exchange on which registered

Ordinary Shares, NIS 0.01 par value

 

FROG

 

Nasdaq Global Select Market

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.

(a) On May 16, 2022, JFrog Ltd. (“JFrog” or the “Company”) held an annual general meeting of shareholders (the “Annual General Meeting”) at the Company’s offices at 270 E. Caribbean Drive, Sunnyvale, California 94089. As of the close of business on April 6, 2022, the record date for the Annual General Meeting (the “Record Date”), there were 98,665,948 ordinary shares of JFrog issued and outstanding and entitled to vote at the Annual General Meeting. As of the Record Date, there were no preferred shares of JFrog issued and outstanding. At least 33 and 1/3rd of the issued JFrog shares were present or represented at the Annual General Meeting with respect to the proposals below, constituting a quorum for purposes of each proposal.

(b) The certified results of the matters voted on at the Annual General Meeting are set forth below, with fractional share totals rounded down to the nearest whole share.

Proposal No. 1 - Election of Frederic Simon, Andy Vitus and Barry Zwarenstein as directors for a term of three (3) years, expiring at the end of the 2025 annual general meeting of shareholders or until their respective successors are duly elected and qualified or until such director’s earlier death, resignation or removal:

Nominee

 

For

 

Against

 

Abstain

 

Broker Non-Votes

Frederic Simon

 

51,121,969

 

10,732,276

 

21,239

 

17,534,440

Andy Vitus

 

51,793,886

 

10,041,453

 

40,145

 

17,534,440

Barry Zwarenstein

 

51,857,336

 

9,976,201

 

41,946

 

17,534,440

Each of the above nominees was elected.

Proposal No. 2 – Advisory vote on the frequency of future shareholder advisory votes on the compensation of our named executive officers:

1 Year

 

2 Years

 

3 Years

 

Abstain

 

Broker Non-Votes

26,777,851

 

32,975

 

35,035,519

 

29,138

 

17,534,440

Based on the votes set forth above, the shareholders advised that they were in favor of every three years as the frequency of holding a non-binding advisory vote on named executive officer compensation. Consistent with the shareholder vote, the Board of Directors has determined that it will hold a non-binding advisory vote on the compensation paid to the Company’s named executive officers every three years until the next required non-binding advisory vote on the frequency of holding future votes regarding named executive officer compensation.

Proposal No. 3 – Approval and ratification of the re-appointment of Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young Global, as the independent auditors of the Company for the period ending at the close of the next annual general meeting:

For

 

Against

 

Abstain

 

Broker Non-Votes

78,146,539

 

1,205,938

 

57,446

 

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.

Proposal No. 4 – Approval of changes to the compensation of Shlomi Ben Haim, JFrog’s Chief Executive Officer, as described in the Company’s Proxy Statement dated April 4, 2022 (the “Proxy Statement”):

For

 

Against

 

Abstain

 

Broker Non-Votes

57,034,958

 

4,810,810

 

29,715

 

17,534,440

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.

Proposal No. 5 – Approval of changes to the compensation of Yoav Landman, JFrog’s Chief Technology Officer, as described in the Proxy Statement:

For

 

Against

 

Abstain

 

Broker Non-Votes

58,036,719

 

3,809,016

 

29,749

 

17,534,440

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.

Proposal No. 6 – Approval of changes to the compensation of Frederic Simon, JFrog’s Chief Data Scientist, as described in the Proxy Statement:

For

 

Against

 

Abstain

 

Broker Non-Votes

48,345,521

 

13,499,887

 

30,075

 

17,534,440

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.


 

 

 


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

JFrog Ltd.

 

 

 

 

Date:

May 20, 2022

By:

/s/ Jacob Shulman

 

 

 

Jacob Shulman
Chief Financial Officer