Boardroom Alpha
Meeting calendar
ATEN · Annual meeting · Wednesday, April 22, 2026

A10 Networks Inc

5 nominees · 4 ballot items.

Elect five directors; advisory (non-binding) approval of named executive officer compensation (Say-on-Pay); advisory (non-binding) vote on frequency of future Say-on-Pay votes (1, 2 or 3 years); and ratification of Grant Thornton LLP as the independent registered public accounting firm for fiscal 2026.

Market cap
$2.6B
1Y TSR
+91.9%
Board grade
B+
Record date
Feb 26, 2026
Filing
DEF 14A
Meeting concluded · Apr 22, 2026

Follow how the vote landed and what changed on A10 Networks Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot4

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect five director nominees (Tor R. Braham, Peter Y. Chung, Eric Singer, Dhrupad Trivedi, and Dana Wolf) to serve one-year terms until the 2027 annual meeting and until their successors are elected and qualified.

  2. 2

    Advisory Vote to Approve Compensation of Named Executive Officers (Say-on-Pay

    ManagementBoard: FOR

    Non-binding advisory vote to approve the compensation of the named executive officers as disclosed in the proxy statement (the Company’s Say-on-Pay).

    More detail

    This is a Dodd-Frank required, non-binding advisory vote asking stockholders to approve the overall compensation of the named executive officers as disclosed in the proxy statement. Management is seeking this advisory approval to obtain investor feedback on pay-for-performance alignment and to inform future compensation decisions; the board and compensation committee emphasize that the vote is advisory and not binding but will be used as an important signal. The company’s compensation program emphasizes at-risk pay (approximately 90% of CEO pay at risk and an average of 71% for other NEOs), with a mix of annual cash incentives tied to revenue and adjusted EBITDA and multi-year performance-based equity (PSUs) tied to VWAP milestones to align long-term stockholder value. The board points to strong 2025 financial results (11% revenue growth and adjusted EBITDA margin of 29.6%), significant PSU/RSU mix, and prior strong stockholder support (≈97% support in 2025) as context for its recommendation. Management also notes governance features — clawback policy, prohibitions on hedging/pledging, double-trigger change-in-control protections — to support the program’s robustness. Because the vote is advisory, the compensation committee retains discretion and commits to engage with stockholders and consider actions if significant opposition arises. For an analyst evaluating this proposal, key considerations include the company’s demonstrated pay-for-performance linkage, reliance on VWAP-based PSU triggers (which can be sensitive to market movements), recent execution and TSR performance, and the advisory nature of the vote which limits immediate governance change absent strong negative signaling. The board’s forward-looking engagement posture and prior high say-on-pay support reduce the near-term risk of substantive program overhaul but do not eliminate the need for continued disclosure and responsiveness to stockholder concerns.

  3. 3

    Advisory Vote Regarding the Frequency of Holding Future Advisory Votes on Executive Compensation

    ManagementBoard: FOR

    Non-binding advisory vote asking stockholders to indicate whether future advisory votes on executive compensation should be held every 1 year, 2 years, or 3 years (or to abstain).

    More detail

    This advisory proposal asks shareholders to state their preference for the interval at which the company should hold non-binding say-on-pay votes (1, 2 or 3 years). Management recommends an annual (one-year) frequency, arguing that compensation decisions are made annually and that an annual advisory vote enables timely dialogue and responsiveness to investor concerns. The vote is non-binding; the board may consider shareholder preference but is not required to follow it. From a governance perspective, an annual vote enhances accountability and gives investors a regular forum to signal concerns about pay practices, while multi-year votes reduce administrative burden and can insulate management from frequent proxy-season scrutiny. The company’s strong recent say-on-pay support (≈97% in 2025) and active investor engagement program suggest management expects continued endorsement of an annual schedule, but the board also states it will consider significant stockholder sentiment when making future governance choices. Analysts should weigh the benefits of frequent feedback against the costs of proxy solicitations and the company’s prior high support levels; consider whether compensation structure volatility or upcoming strategic changes warrant more frequent input. Because the recommendation is advisory, a strong stockholder preference for a different cadence could nevertheless prompt the board to enhance disclosure or engagement rather than immediately changing practice.

  4. 4

    Ratification of Appointment of Independent Registered Public Accounting Firm

    ManagementBoard: FOR

    Ratify the audit committee’s appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

Director elections

Nominees on the ballot5

Independent
Tenure on this board
7.7 yrs
Also a director at
People Inc (PPLI)
Independent
Tenure on this board
13.1 yrs
Also a director at
Macom Technology Solutions Holdings Inc (MTSI)
Independent
Tenure on this board
7.0 yrs
Also a director at
Immersion Corp (IMMR)Universal Electronics Inc (UEIC)Barnes & Noble Education Inc (BNED)
Independent
Tenure on this board
4.1 yrs
Ownership

Top institutional holders10

Latest 13F quarter
1BlackRock, Inc.12.7%9,136,923$211M
2VANGUARD PORTFOLIO MANAGEMENT LLC4.7%3,387,848$78M
3Penserra Capital Management LLC4.4%3,170,974$73M
4VANGUARD CAPITAL MANAGEMENT LLC4.3%3,121,015$72M
5STATE STREET CORP4.3%3,090,185$71M
6BlackRock, Inc.3.1%2,229,275$52M
7BARCLAYS PLC2.6%1,872,940$43M
8RENAISSANCE TECHNOLOGIES LLC2.5%1,784,987$41M
9FIRST TRUST ADVISORS LP2.4%1,719,817$40M
10DIMENSIONAL FUND ADVISORS LP2.1%1,546,463$36M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the A10 Networks Inc 2026 annual meeting?
A10 Networks Inc (ATEN) holds its 2026 annual shareholder meeting on Wednesday, April 22, 2026.
What is the record date for the A10 Networks Inc 2026 meeting?
The record date for the A10 Networks Inc 2026 meeting is Thursday, February 26, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for A10 Networks Inc's 2026 meeting?
The board is presenting 5 director nominees at the A10 Networks Inc 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the A10 Networks Inc 2026 meeting?
Shareholders will vote on 4 proposals at the A10 Networks Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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