Cloudflare, Inc. (Cloudflare) has announced the filing of its definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for its 2024 Annual Meeting of Stockholders, which is to be held virtually on June 4, 2024. The meeting will include the election of three Class II directors, the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and an advisory vote on the compensation of named executive officers. The proxy statement also outlines the company's financial performance, including a 33% year-over-year increase in total revenue, reaching $1,296.7 million. The company reported a GAAP gross profit of $989.7 million and a non-GAAP gross profit of $1,015.8 million. The net loss for the fiscal year...Show More

Cloudflare, Inc. (Cloudflare) has announced the filing of its definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for its 2024 Annual Meeting of Stockholders, which is to be held virtually on June 4, 2024. The meeting will include the election of three Class II directors, the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and an advisory vote on the compensation of named executive officers. The proxy statement also outlines the company's financial performance, including a 33% year-over-year increase in total revenue, reaching $1,296.7 million. The company reported a GAAP gross profit of $989.7 million and a non-GAAP gross profit of $1,015.8 million. The net loss for the fiscal year was $183.9 million. The proxy statement includes information on executive compensation, with CEO Matthew Prince and President Michelle Zatlyn receiving significant equity awards. The document also details the company's stock ownership guidelines, hedging and pledging prohibitions, and compensation recovery policy. Additionally, the proxy statement provides information on the beneficial ownership of Cloudflare's capital stock by certain officers, directors, and significant stockholders.