$SPSC·8-K

SPS COMMERCE INC · May 28, 5:00 PM ET

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SPS COMMERCE INC 8-K

Research Summary

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SPS Commerce Inc. Reports 2026 Annual Meeting Vote Results

What Happened SPS Commerce, Inc. (SPSC) filed an 8‑K reporting the results of its Annual Meeting of Stockholders held on May 28, 2026. Stockholders elected nine director nominees to serve until the 2027 Annual Meeting, ratified KPMG LLP as the independent auditor for 2026, and approved the advisory "say‑on‑pay" vote on executive compensation.

Key Details

  • Meeting date: May 28, 2026. Director terms run until the 2027 Annual Meeting or until their successors are elected.
  • Directors elected (votes For / Against / Abstain; broker non‑votes: 1,455,500):
    • Fumbi Chima: 31,200,283 / 55,527 / 22,727
    • Chad Collins: 31,203,650 / 68,110 / 6,777
    • Razat Gaurav: 30,366,937 / 889,070 / 22,530
    • Michael McConnell: 24,552,202 / 6,703,424 / 22,911
    • Mark Partin: 31,187,525 / 68,265 / 22,747
    • Marty Réaume: 30,150,736 / 1,068,583 / 59,218
    • Tami Reller: 30,775,910 / 491,529 / 11,098
    • Philip Soran: 30,109,756 / 1,157,338 / 11,443
    • Anne Sempowski Ward: 30,323,659 / 943,302 / 11,576
  • Auditor ratification: KPMG LLP ratified as independent auditor for year ending Dec 31, 2026 — 32,558,668 For; 166,493 Against; 8,876 Abstain.
  • Advisory "Say‑on‑Pay": Compensation of named executive officers approved — 28,658,147 For; 2,600,825 Against; 19,565 Abstain; broker non‑votes: 1,455,500.

Why It Matters These votes confirm the company’s board slate and maintain audit continuity with KPMG for 2026—both governance outcomes investors watch for assessing oversight and financial reporting reliability. The advisory approval of executive compensation signals overall shareholder support, though the 2.6 million votes against (and notable opposition on some director votes, e.g., Michael McConnell) are factual indicators of dissent levels that some investors monitor when evaluating governance and management alignment with shareholder interests. The filing was signed by Joseph Del Preto, Executive VP & CFO.

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