other material
confidence high
sentiment positive
materiality 0.15
Clearwater shareholders approve amendment to terminate Tax Receivable Agreement with one-time settlement
Clearwater Analytics Holdings, Inc.
- Special meeting on Dec 20, 2024: Proposal 1 (TRA Amendment) approved: 665,424,069 votes for, 5,469 against.
- Unaffiliated stockholders voted 177,626,879 for, 5,469 against; no broker non-votes.
- TRA Amendment provides for one-time settlement payments to fully terminate past and future TRA payment obligations.
- Proposal 2 (adjournment) also approved but not needed due to quorum and sufficient votes.