Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SPSC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsSPS Commerce shareholders elect nine directors, ratify auditor at 2026 annual meeting
Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read
Key Changes
-
medium
Director Michael McConnell re-elected with 78.5% support, facing 21.4% opposition (6.7M votes against) — notably lower than the 96%+ support received by the other eight directors.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
medium
Say-on-pay approved with 91.7% support (28.7M for, 2.6M against), reflecting typical shareholder endorsement of executive compensation practices.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
low
KPMG LLP ratified as independent auditor for 2026 with 99.5% support (32.6M votes for out of 32.7M cast).
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
Summary
SPS Commerce held its 2026 annual meeting on May 28, with shareholders voting on standard governance matters. All nine director nominees were elected to one-year terms through 2027. While eight directors received overwhelming support (96.2%–99.8%), director Michael McConnell faced elevated opposition at 21.4% of votes cast — a level that may prompt board attention to understand shareholder concerns, though not high enough to threaten his seat.
The say-on-pay vote passed with 91.7% approval, a healthy result indicating broad shareholder satisfaction with executive compensation design. The auditor ratification was routine, with KPMG receiving near-unanimous support. For retail holders, the McConnell vote outcome is the only item warranting a watch: if opposition persists or increases at future meetings, it could signal deeper governance concerns worth monitoring.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
SPS Commerce held its 2026 annual meeting, electing nine directors, ratifying KPMG as auditor, and approving executive compensation.
Added in current filing · verify on EDGAR →
NomineeVotes ForVotes AgainstAbstainBroker Non-Votes Fumbi Chima 31,200,283 55,527 22,727 1,455,500 Chad Collins 31,203,650 68,110 6,777 1,455,500 Razat Gaurav 30,366,937 889,070 22,530 1,455,500 Michael McConnell 24,552,202 6,703,424 22,911 1,455,500 Mark Partin 31,187,525 68,265 22,747 1,455,500 Marty Réaume 30,150,736 1,068,583 59,218 1,455,500 Tami Reller 30,775,910 491,529 11,098 1,455,500 Philip Soran 30,109,756 1,157,338 11,443 1,455,500 Anne Sempowski Ward 30,323,659 943,302 11,576 1,455,500
All nine director nominees were elected to serve until the 2027 annual meeting. Eight directors received support ranging from 96.2% to 99.8% of votes cast. Michael McConnell received lower support at 78.5% of votes cast, with 6,703,424 votes against representing 21.4% opposition.
Added in current filing · verify on EDGAR →
Votes ForVotes AgainstAbstainBroker Non-Votes 28,658,147 2,600,825 19,565 1,455,500
Shareholders approved executive compensation on an advisory basis with 91.7% support (28,658,147 votes for out of 31,278,537 votes cast). The 8.3% opposition (2,600,825 votes against) is within normal ranges for say-on-pay votes.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify