Expensify, Inc. 8-K

What Happened
Expensify, Inc. (EXFY) filed an 8-K on May 27, 2026 reporting the results of its Annual Meeting of Stockholders. Stockholders elected eight directors to serve until the 2027 annual meeting and approved three other proposals: ratification of KPMG LLP as auditor, an advisory vote on named executive officer compensation, and amendments to the certificate of incorporation to effect a reverse stock split and a corresponding decrease in authorized shares.

Key Details

• Directors elected (to serve until the 2027 annual meeting): David Barrett, Ryan Schaffer, Jason Mills, Daniel Vidal, Carlos Alvarez Divo, Timothy L. Christen, Ying (Vivian) Liu and Ellen Pao. Example tallies: Vivian Liu — 463,906,730 for / 16,166,193 withheld; Ellen Pao — 463,909,648 for / 16,163,275 withheld. Broker non-votes: 33,914,885.
• Auditor ratified: KPMG LLP approved as independent registered public accounting firm for fiscal year ending Dec 31, 2026 — vote: 507,688,387 for / 79,336 against / 6,220,085 abstain.
• Advisory executive pay vote: Compensation for named executive officers approved (non-binding) — vote: 463,816,243 for / 10,148,633 against / 6,108,047 abstain; broker non-votes: 33,914,885.
• Reverse stock split and decrease in authorized shares: Amendment to the certificate of incorporation approved — vote: 508,746,708 for / 5,199,186 against / 41,914 abstain.

Why It Matters

• The board remains in place for the coming year, providing continuity in leadership.
• Ratifying KPMG confirms the company’s auditor for 2026 filings.
• The executive compensation approval was advisory (non-binding), meaning it reflects shareholder sentiment but does not itself change pay agreements.
• Approval of the reverse stock split and reduced authorized shares is a corporate-capital change that can increase the share price per share and reduce the number of outstanding shares; shareholders should watch for the company’s subsequent filings that set the split ratio and effective date.