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
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Date of Report (Date of earliest event reported): May 20, 2025 |
JFrog Ltd.
(Exact name of Registrant as Specified in Its Charter)
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Israel |
001-39492 |
98-0680649 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
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270 E. Caribbean Drive |
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Sunnyvale, California |
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94089 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (408) 329-1540 |
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(Former Name or Former Address, if Changed Since Last Report)
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:
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Title of each class
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Trading
Symbol(s) |
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Name of each exchange on which registered
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Ordinary Shares, NIS 0.01 par value |
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FROG |
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Nasdaq Global Select Market |
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.
(a) On May 20, 2025, JFrog Ltd. (“JFrog” or the “Company”) held an annual general meeting of shareholders (the “Annual General Meeting”) at the Company’s offices at 270 E. Caribbean Drive, Sunnyvale, California 94089. As of the close of business on March 26, 2025, the record date for the Annual General Meeting (the “Record Date”), there were 114,561,447 ordinary shares of JFrog issued and outstanding and entitled to vote at the Annual General Meeting. As of the Record Date, there were no preferred shares of JFrog issued and outstanding. At least 33⅓% of the voting rights in the issued JFrog share capital were present or represented at the Annual General Meeting with respect to the proposals below, constituting a quorum for purposes of each proposal.
(b) The certified results of the matters voted on at the Annual General Meeting, which are described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 7, 2025 (the “Proxy Statement”), are set forth below.
Proposal No. 1 – Re-election of each of Frederic Simon, Andy Vitus, and Barry Zwarenstein as Class II directors for a term of three (3) years, expiring at the end of the 2028 annual general meeting of shareholders or until their respective successors are duly elected and qualified or until such director’s earlier death, resignation or removal:
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Nominee |
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For |
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Against |
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Abstain |
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Broker Non-Votes |
Frederic Simon |
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64,125,469 |
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19,124,678 |
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45,545 |
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15,547,561 |
Andy Vitus |
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63,799,065 |
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19,423,713 |
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72,914 |
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15,547,561 |
Barry Zwarenstein |
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64,910,274 |
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18,302,308 |
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83,110 |
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15,547,561 |
Each of the above nominees was re-elected following the affirmative vote of a majority of the votes cast by shareholders entitled to vote.
Proposal No. 2 – Approval and ratification of the re-appointment of Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young Global, as the independent auditors of the Company for the period ending at the close of the next annual general meeting:
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Proposal 2 |
For |
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Against |
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Abstain |
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Approval and ratification of the re-appointment of Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young Global, as the independent auditors of the Company for the period ending at the close of the next annual general meeting: |
98,272,028 |
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407,973 |
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163,252 |
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The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.
Proposal No. 3 – Approval of changes to the compensation of Shlomi Ben Haim, JFrog’s Chief Executive Officer, as described in the Proxy Statement:
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Proposal 3 |
For |
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Against |
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Abstain |
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Broker Non-Votes |
Approval of changes to the compensation of Shlomi Ben Haim, JFrog’s Chief Executive Officer |
49,198,934 |
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33,504,548 |
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592,210 |
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15,547,561 |
The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.
Proposal No. 4 – Approval of changes to the compensation of Yoav Landman, JFrog’s Chief Technology Officer, as described in the Proxy Statement:
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Proposal 4 |
For |
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Against |
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Abstain |
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Broker Non-Votes |
Approval of changes to the compensation of Yoav Landman, JFrog’s Chief Technology Officer |
49,195,400 |
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33,509,894 |
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590,398 |
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15,547,561 |
The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.
Proposal No. 5 – Approval of JFrog’s 2025 Executive Officer and Director Compensation Policy, as described in the Proxy Statement:
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Proposal 5 |
For |
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Against |
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Abstain |
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Broker Non-Votes |
Approval of JFrog’s 2025 Executive Officer and Director Compensation Policy |
49,206,256 |
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33,492,695 |
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596,741 |
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15,547,561 |
The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed. As required by Israeli law, Proposal 5 was also approved by shareholders holding a majority of the ordinary shares voted on such proposal (excluding abstentions) who were non-controlling shareholders and did not have a personal interest in such proposal.
Proposal No. 6 – Approval of changes to the compensation program of JFrog’s non-executive members of the board of directors, as described in the Proxy Statement:
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Proposal 6 |
For |
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Against |
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Abstain |
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Broker Non-Votes |
Approval of changes to the compensation program of JFrog’s non-executive members of the board of directors |
82,984,403 |
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111,965 |
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199,324 |
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15,547,561 |
The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.
Proposal No. 7 – Approval of Shlomi Ben Haim’s service as both JFrog’s Chief Executive Officer and Chairman of the board of directors for a period of three years, as described in the Proxy Statement:
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Proposal 7 |
For |
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Against |
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Abstain |
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Broker Non-Votes |
Approval of Shlomi Ben Haim’s service as both JFrog’s Chief Executive Officer and Chairman of the board of directors for a period of three years |
61,021,071 |
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22,078,068 |
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196,553 |
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15,547,561 |
The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed. As required by Israeli law, Proposal 7 was also approved by shareholders holding a majority of the ordinary shares voted on such proposal (excluding abstentions) who were non-controlling shareholders and did not have a personal interest in such proposal.
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.
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JFrog Ltd. |
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Date: |
May 22, 2025 |
By: |
/s/ Eduard Grabscheid |
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Eduard Grabscheid
Chief Financial Officer |