--- schema_version: "secwatch.filing_event.v1" accession: "0001818874-23-000105" form_type: "8-K" ticker: "SOFI" cik: "0001818874" company_name: "SoFi Technologies, Inc." filed_at: "2023-06-16T23:59:59+00:00" generated_at: "2026-06-13T23:07:35.079407+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.45 calibrated_materiality_score: 0.45 confidence: "high" source: SEC EDGAR --- # SoFi shareholders reject reverse stock split proposal at 2023 annual meeting ## Summary - All 11 director nominees elected; Anthony Noto received 318.8M votes for. - Advisory vote on executive compensation approved: 240.9M for, 78.5M against. - Ratification of Deloitte & Touche as auditor approved: 595.5M for, 4.5M against. - Reverse stock split amendment failed: 433.8M for, 165.3M against, plus abstentions. ## SEC filing metadata - accession: 0001818874-23-000105 - form_type: 8-K - ticker: SOFI - cik: 0001818874 - company_name: SoFi Technologies, Inc. - filed_at: 2023-06-16T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.45 - calibrated_materiality_score: 0.45 - confidence: high - sec_items: 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000105/0001818874-23-000105-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000105/sofi-20230614.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001818874-23-000105 - JSON: https://secwatch.observer/filing/0001818874-23-000105.json - Plain text: https://secwatch.observer/filing/0001818874-23-000105.txt ## Key facts - Shareholder Votes SoFi Technologies, Inc. shareholders approved Non-binding advisory vote on the compensation of the Company's named executive officers at the 2023-06-14 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-14 source text: 2. Non-Binding Advisory Vote on Executive Compensation For Against Abstain 240,886,420 78,502,818 5,105,651 Based on the votes set forth above, the stockholders approved, on a non-binding advisory basis, the Company’s executive compensation. evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000105/0001818874-23-000105-index.htm - Shareholder Votes SoFi Technologies, Inc. shareholders rejected Approval of an amendment to the Company's Certificate of Incorporation to grant the Board discretionary authority to effect a reverse stock split at the 2023-06-14 meeting. - Proposal: reverse split - Outcome: failed - Meeting: 2023-06-14 source text: 4. Approval of an Amendment to the Company's Certificate of Incorporation to Grant the Board the Discretionary Authority to Effect a Reverse Stock Split For Against Abstain 433,761,212 165,284,577 4,681,193 Based on the votes set forth above, the stockholders did not approve an amendment to the Company’s Certificate of Incorporation to give the Board discretionary authority to effect a reverse stock split. evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000105/0001818874-23-000105-index.htm - Shareholder Votes SoFi Technologies, Inc. shareholders approved Election of eleven nominees to serve on the Board for a one-year term expiring at the 2024 annual meeting at the 2023-06-14 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-14 source text: 1. Election of Directors Nominee For Withheld Broker Non-Votes Anthony Noto 318,815,260 5,679,629 279,232,093 Tom Hutton 312,526,049 11,968,840 279,232,093 Steven Freiberg 301,706,444 22,788,445 279,232,093 Ahmed Al-Hammadi 313,744,362 10,750,527 279,232,093 Ruzwana Bashir 312,127,799 12,367,090 279,232,093 Michael Bingle 313,655,777 10,839,112 279,232,093 Richard Costolo 311,947,664 12,547,225 279,232,093 John Hele 316,468,533 8,026,356 279,232,093 Clara Liang 312,833,114 11,661,775 279,232,093 Harvey Schwartz 315,592,530 8,902,359 279,232,093 Magdalena Yeşil 281,149,076 43,345,813 279,232,093 Based on the votes set forth above, each director nominee was duly elected to serve until the Company’s annual meeting of stockholders in 2024 and until the election and qualification of his or her successor, or until his or her earlier death, resignation, or removal. evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000105/0001818874-23-000105-index.htm - Shareholder Votes SoFi Technologies, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm at the 2023-06-14 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-14 source text: 3. Ratification of the Appointment of Deloitte & Touche LLP For Against Abstain 595,503,864 4,518,419 3,704,699 Based on the votes set forth above, the stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000105/0001818874-23-000105-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.