Shareholders Approve Acquisition by Francisco Partners, Advancing Merger Completion

summarizeSummary

Jamf Holding Corp. shareholders approved the pending acquisition by Francisco Partners, a crucial step towards the company going private.

check_boxKey Events

• Merger Agreement Approved

  Stockholders voted to adopt the Agreement and Plan of Merger with affiliates of Francisco Partners Management L.P., with 115,067,968 votes For, 231,296 Against, and 215,936 Abstain.

• Executive Compensation Approved

  On an advisory, non-binding basis, stockholders approved the compensation for named executive officers in connection with the merger, with 110,285,244 votes For, 5,075,957 Against, and 153,999 Abstain.

• Quorum Achieved

  A total of 115,515,200 shares, representing approximately 86.15% of outstanding common stock, were present or represented by proxy, constituting a quorum for the Special Meeting.

auto_awesomeAnalysis

Jamf Holding Corp. shareholders have overwhelmingly approved the company's acquisition by affiliates of Francisco Partners Management L.P. This vote is a critical milestone, signifying strong investor support for the transaction and moving the company closer to becoming a private entity. The approval of the merger agreement means the acquisition is on track to close, which will result in the company's common stock no longer being publicly traded. Investors should anticipate the finalization of the merger and the subsequent delisting of shares.