Silvaco Group, Inc. 8-K
Research Summary
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Silvaco Group, Inc. Reports 2026 Annual Meeting Director Election Results
What Happened
Silvaco Group, Inc. (SVCO) filed an 8-K (Item 5.07) reporting results from its Annual Meeting of Stockholders held April 22, 2026. On the record date of February 25, 2026, there were 31,423,487 shares outstanding. Approximately 23,250,295 shares (about 74% of outstanding) were present in person or by proxy. Stockholders elected seven directors to serve until the 2027 annual meeting; vote totals for each nominee were reported in the filing.
Key Details
- Record date and shares outstanding: February 25, 2026 — 31,423,487 shares.
- Shares present at meeting: 23,250,295 (≈74% turnout).
- Director election totals (For / Withhold; approximate % For of shares present):
- Cheemin Bo‑Linn: 22,730,953 For; 519,342 Withhold (≈97.8% For)
- Anita Ganti: 23,092,798 For; 157,497 Withhold (≈99.3% For)
- Anthony Ngai: 21,401,813 For; 1,848,482 Withhold (≈92.1% For)
- Katherine S. Ngai‑Pesic: 19,210,829 For; 4,039,466 Withhold (≈82.6% For)
- Iliya Pesic: 19,205,390 For; 4,044,905 Withhold (≈82.6% For)
- Dr. Walden C. Rhines: 17,541,959 For; 5,708,336 Withhold (≈75.4% For)
- Theodore L. Tewksbury III: 22,857,969 For; 392,326 Withhold (≈98.3% For)
- No broker non‑votes were reported in the filing.
Why It Matters
The filing confirms Silvaco’s board makeup through the 2027 annual meeting and shows strong shareholder participation (≈74%). While most nominees received overwhelming support, several directors—particularly Dr. Walden C. Rhines and the Ngai‑Pesic and Pesic nominees—received higher withhold votes (mid‑teens to mid‑twenties percent), a governance detail investors may monitor for potential shareholder concerns or future proxy activity.
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