In a decisive move, HireRight Holdings Corp (NYSE:HRT) stockholders have approved a merger agreement with Hearts Parent, LLC and its subsidiary Hearts Merger Sub, Inc. The affirmative vote occurred at a special meeting held on Thursday, ensuring the progression of the merger initially detailed on February 15, 2024.
With a quorum present, 92% of HireRight's outstanding shares were represented at the meeting, surpassing the majority requirement for the approval of the merger proposal. The final count for the merger agreement proposal revealed 61,908,023 votes in favor, 6,067 against, and 54,145 abstentions among all shareholders. Notably, the unaffiliated stockholder vote—comprising shareholders not affiliated with the merger—also passed with 11,041,499 for, 6,067 against, and 54,145 abstentions.
The secondary proposal, which would permit adjournment to solicit additional proxies if necessary, was also approved. However, due to the successful adoption of the merger agreement, no adjournment was required.
HireRight, a global leader in background check services, headquartered in Nashville, Tennessee, is poised to merge with Hearts Merger Sub, Inc., a subsidiary of Hearts Parent, LLC. The merger is anticipated to close around June 28, 2024, pending the satisfaction of customary closing conditions.
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