Lemonade, Inc. 8-K

What Happened

• Lemonade, Inc. (LMND) filed an 8-K on June 5, 2026 reporting the results of its annual meeting of stockholders. Holders of 53,866,520 shares (70.12% of voting power as of the April 9, 2026 record date) were present or represented by proxy.
• Michael Eisenberg and Debra Schwartz were elected as Class III directors, each to serve until the 2029 annual meeting. Ernst & Young LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Stockholders also approved, on an advisory (non-binding) basis, the compensation of Lemonade’s named executive officers (say-on-pay).
• The report was signed by CEO Daniel Schreiber.

Key Details

• Meeting quorum: 53,866,520 shares present or represented (70.12% of voting power).
• Director elections:
  • Michael Eisenberg — For: 27,119,000; Withheld: 7,419,671; Broker non-votes: 19,327,849.
  • Debra Schwartz — For: 30,242,730; Withheld: 4,295,941; Broker non-votes: 19,327,849.
• Auditor ratification (Ernst & Young LLP): For: 53,510,757; Against: 227,383; Abstentions: 128,380.
• Advisory vote on executive compensation (say-on-pay): For: 26,476,061; Against: 7,955,312; Abstentions: 107,298; Broker non-votes: 19,327,849.

Why It Matters

• Board and governance: Re-election of two directors maintains board continuity through 2029, which can influence strategic oversight and corporate decisions.
• Audit continuity: Ratifying Ernst & Young as auditor ensures continuity in financial reporting and audit processes for fiscal 2026.
• Investor sentiment on pay: The advisory approval of executive compensation indicates a majority of voting shares supported management’s pay practices, though the vote is non-binding.
• Participation level: A 70%+ turnout (by voting power) shows substantial shareholder engagement in governance matters.