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 23, 2024
BENTLEY SYSTEMS, INCORPORATED
(Exact name of registrant as specified in its charter)
| Delaware | 001-39548 | 95-3936623 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | | |
| 685 Stockton Drive | | |
| Exton, Pennsylvania | | 19341 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (610) 458-5000
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 | | Name of each exchange on which registered |
| Class B Common Stock, $0.01 Par Value | | BSY | | The Nasdaq Stock Market LLC |
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.
Bentley Systems, Incorporated (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”) on May 23, 2024. The matters voted upon and the final voting results were as stated below. Holders of the shares of the Company’s Class A Common Stock were entitled to 29 votes per share held as of the close of business on April 4, 2024 (the “Record Date”) and holders of the shares of the Company’s Class B Common Stock were entitled to one vote per share held as of the Record Date. Holders of the shares of Class A Common Stock and Class B Common Stock voted together as a single class on all matters (including the election of directors) submitted to a vote of stockholders at the Annual Meeting. The proposals related to each matter are described in detail in the Company’s definitive proxy statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on April 12, 2024. Each director will serve for the ensuing year and until his or her successor is duly elected and qualified.
Proposal No. 1 — Election of Directors
| | | Votes For | | | Votes Withheld | | | Broker Non-Votes | |
| Gregory S. Bentley | | | 548,001,188 | | | | 27,703,751 | | | | 12,127,457 | |
| Keith A. Bentley | | | 542,352,109 | | | | 33,352,830 | | | | 12,127,457 | |
| Barry J. Bentley, Ph.D. | | | 542,368,196 | | | | 33,336,743 | | | | 12,127,457 | |
| Raymond B. Bentley | | | 542,191,313 | | | | 33,513,626 | | | | 12,127,457 | |
| Kirk B. Griswold | | | 506,267,296 | | | | 69,437,643 | | | | 12,127,457 | |
| Janet B. Haugen | | | 545,544,935 | | | | 30,160,004 | | | | 12,127,457 | |
| Brian F. Hughes | | | 542,017,280 | | | | 33,687,659 | | | | 12,127,457 | |
Proposal No. 2 — Advisory (Non-Binding) Vote to Approve the Compensation of the Company’s Named Executive Officers
| | | | | | | | | | | | Broker | |
| | | Votes For | | | Votes Against | | | Abstentions (1) | | | Non-Votes (1) | |
| Proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as described in the proxy statement. | | | 563,341,181 | | | | 12,180,000 | | | | 183,758 | | | | 12,127,457 | |
| (1) | Abstentions and broker non-votes had no effect on the outcome of the vote on this proposal. |
Proposal No. 3 — Ratification of Independent Registered Public Accounting Firm
| | | Votes For | | | Votes Against | | | Abstentions | |
| Proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2024. | | | 583,257,485 | | | | 4,344,821 | | | | 230,090 | |
Item 8.01 Other Events.
On May 24, 2024, the Company announced that its Board of Directors declared a $0.06 per share dividend for the second quarter of 2024. The cash dividend will be payable on June 13, 2024 to all stockholders of record of Class A and Class B Common Stock as of the close of business on June 4, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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.
| | Bentley Systems, Incorporated |
| | | |
| Date: May 28, 2024 | By: | /s/ DAVID R. SHAMAN |
| | Name: | David R. Shaman |
| | Title: | Chief Legal Officer and Secretary |
