Envestnet (ENV) AGM 2024 summary

Opening remarks and agenda

• Meeting commenced with a welcome from the Chair and instructions for submitting questions pertinent to the proposals.

• Notice of the meeting was confirmed as properly sent to all stockholders of record, with virtual attendance options provided.

• Quorum was established with 78.05% of shares represented, allowing the meeting to proceed.

Shareholder proposals

• Three proposals were presented: approval of a merger agreement, advisory vote on merger-related executive compensation, and potential adjournment to solicit more proxies if needed.

• The merger would result in the company becoming a wholly-owned subsidiary of an affiliate of Bain Capital and no longer publicly traded.

• Board unanimously recommended approval of the merger and compensation proposals.

Overview of voting outcomes

• Over 99.33% of shares represented voted in favor of the merger proposal.

• Over 96% of shares represented voted in favor of the merger-related compensation proposal.

• Adjournment proposal was not called for since the merger proposal passed.

• Results will be reported on Form 8-K to the SEC within four business days.