<SEC-DOCUMENT>0001628280-25-019424.txt : 20250424
<SEC-HEADER>0001628280-25-019424.hdr.sgml : 20250424
<ACCEPTANCE-DATETIME>20250423180412
ACCESSION NUMBER:		0001628280-25-019424
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250424
DATE AS OF CHANGE:		20250423

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACV Auctions Inc.
		CENTRAL INDEX KEY:			0001637873
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				472415221
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40256
		FILM NUMBER:		25862953

	BUSINESS ADDRESS:	
		STREET 1:		640 ELLICOTT STREET
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
		BUSINESS PHONE:		585-317-0406

	MAIL ADDRESS:	
		STREET 1:		640 ELLICOTT STREET
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>acvproxyamendment423.htm
<DESCRIPTION>DEFA14A
<TEXT>
<html><head>
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<title>Document</title></head><body><div id="icaf2b70b3f484b5eb320bd4de2f588a7_1"></div><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:120%">&#160;</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">UNITED STATES </font></div><div style="text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION </font></div><div style="text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Washington, D.C. 20549 </font></div><div style="margin-top:11pt;text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SCHEDULE 14A </font></div><div style="text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Proxy Statement Pursuant to Section&#160;14(a) of the Securities Exchange Act of 1934 </font></div><div style="text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Amendment No. 1) </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.370%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:57.430%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Filed&#160;by&#160;the Registrant</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9746;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Filed&#160;by&#160;a&#160;Party&#160;other&#160;than&#160;the&#160;Registrant&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9744;</font></td></tr></table></div><div style="margin-top:11pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Check the appropriate box&#58; </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:6.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:91.688%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#9744;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Preliminary Proxy Statement</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9744;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9744;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Definitive Proxy Statement</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9746;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Definitive Additional Materials</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9744;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Soliciting Material Pursuant to &#167; 240.14a-12</font></td></tr></table></div><div style="margin-top:11pt;text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">ACV AUCTIONS INC. </font></div><div style="text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Name of Registrant as Specified in Its Charter) </font></div><div style="margin-top:11pt;text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) </font></div><div style="margin-top:11pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Payment of Filing Fee (Check all boxes that apply)&#58; </font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:6.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:91.688%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">No fee required.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#9744;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fee paid previously with preliminary materials.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:1pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td 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</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="icaf2b70b3f484b5eb320bd4de2f588a7_7"></div><hr style="page-break-after:always"><div style="min-height:37.44pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:120%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:120%">&#160;</font></div><div style="margin-top:5pt;text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">ACV AUCTIONS INC.</font></div><div style="margin-bottom:5pt;text-align:center"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">AMENDMENT TO DEFINITIVE PROXY STATEMENT RELATING TO<br>THE 2025 ANNUAL MEETING OF SHAREHOLDERS<br>TO BE HELD ON MAY 28, 2025</font></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-bottom:5pt;margin-top:6pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">EXPLANATORY NOTE</font></div><div style="margin-bottom:5pt;margin-top:6pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">This proxy statement amendment (this &#8216;&#8216;Amendment&#8221;) updates and amends our definitive proxy statement (the &#8216;&#8216;Proxy Statement&#8217;&#8217;) filed with the Securities and Exchange Commission on April 17, 2025 by ACV Auctions Inc. (&#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;ACV,&#8221; &#8220;ACV Auctions,&#8221; or the &#8220;Company&#8221;) regarding the 2025 Annual Meeting of Shareholders (the &#8220;2025 Annual Meeting&#8221;) to be held on May 28, 2025 at 4&#58;00 p.m., Eastern Time in a virtual-only meeting format, via live webcast available at </font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">www.proxydocs.com&#47;ACVA</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:5pt;margin-top:6pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Except as updated by this Amendment, all information set forth in the Proxy Statement remains unchanged and should be considered in casting your vote by proxy or in person at the 2025 Annual Meeting. Capitalized terms not defined in this Amendment have the meanings set forth in the Proxy Statement. This Amendment, the Notice of Annual Meeting of Shareholders, the Proxy Statement and the 2024 Annual Report on Form 10-K are available on </font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">investors.acvauto.com</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">.&#160;From and after the date of this Amendment, all references to the &#8220;Proxy Statement&#8221; are to the Proxy Statement as amended hereby. The Proxy Statement contains important information, and this Amendment should be read in conjunction with the Proxy Statement.</font></div><div style="margin-bottom:5pt;margin-top:6pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">If you have already voted and would like to change or revoke your vote on any proposal, please refer to the disclosure in the Proxy Statement under &#8220;Questions and Answers About the Meeting and Voting&#8212;How Do I Vote if I Am a Shareholder of Record&#63;,&#8221; &#8220;&#8212;How Do I Vote if I Am a Beneficial Owner of Shares&#63;&#8221; and &#8220;&#8212;How Do I Change or Revoke my Proxy&#63;&#8221; for more information.</font></div><div style="margin-bottom:5pt;margin-top:6pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The primary purpose of this Amendment is to update the section of the Proxy Statement pertaining to the description of how broker non-votes and abstentions are counted and the voting requirement with respect to each proposal, which is amended and replaced with the following language&#58;</font></div><div><font style="color:#ed7d31;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">HOW ARE BROKER NON-VOTES AND ABSTENTIONS COUNTED&#63;</font></div><div style="margin-bottom:5pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">A broker&#160;non-vote&#160;happens when shares held by a broker are not voted with respect to a particular proposal because the broker does not have discretionary authority to vote on the matter and has not received voting instructions from its clients. If your broker holds your shares in its name and you do not instruct your broker how to vote, your broker will only have discretion to vote your shares on &#8220;routine&#8221; matters. Where a proposal is not &#8220;routine,&#8221; a broker who has not received instructions from its clients does not have discretion to vote its clients&#8217; uninstructed shares on that proposal. At the 2025 Annual Meeting, only the ratification of the appointment of our independent registered public accounting firm (Ernst&#160;&#38; Young) is considered a routine matter. All other proposals are considered&#160;&#8220;non-routine,&#8221;&#160;and your broker will not have any discretion to vote on these proposals.</font></div><div style="margin-bottom:5pt;margin-top:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Broker&#160;non-votes&#160;and abstentions by shareholders from voting (including brokers holding their clients&#8217; shares of record who cause abstentions to be recorded) will be counted towards determining whether or not a quorum is present. With respect to Proposal 1, broker non-votes and withheld votes will have no effect and abstentions are not applicable. With respect to Proposal 2, broker&#160;non-votes&#160;and abstentions will have the effect of votes against the proposal. With respect to Proposals 3 and 4, because broker&#160;non-votes&#160;and abstentions are not votes cast affirmatively or negatively, they will have no effect on the approval of either proposal. Proposal 5 is a &#8220;routine&#8221; matter, so brokers may vote shares if not instructed by the proxyholder and as a result we do not expect broker non-votes on this proposal.</font></div><div><font style="color:#ed7d31;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">WHAT IS THE VOTING REQUIREMENT TO APPROVE EACH OF THE PROPOSALS, AND HOW ARE VOTES COUNTED&#63; </font></div><div style="margin-bottom:5pt;margin-top:12pt"><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">For Proposal 1,</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#160;</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">the two nominees receiving the most &#8220;FOR&#8221; votes will be elected. For Proposal 2, the proposal must receive &#8220;FOR&#8221; votes from the holders of at least 66</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">2&#47;3</font><font style="color:#111111;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">% of the voting power of the outstanding shares of common stock. For Proposals 3 through 5, the proposal must receive &#8220;FOR&#8221; votes from the holders of shares representing a majority of the voting power of the outstanding shares of common stock present virtually or represented by proxy and voting affirmatively or negatively.</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
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