DOXIMITY INC CLASS A (DOCS)

Sector: Health Care

    Home/Companies/DOCS/Annual Meeting

2026 Annual Meeting Analysis

DOXIMITY INC CLASS A · Meeting: August 27, 2026

Policy v1.2high confidenceView Filing ↗
For informational purposes only. This AI-generated analysis applies a published voting policy to publicly available proxy filings. It does not constitute investment advice, proxy voting advice, or a solicitation of any kind. AI analysis may be incomplete or inaccurate — always review the actual filing and make your own independent decision.

Directors FOR

2

Directors AGAINST

0

Say on Pay

FOR

Auditor

FOR

Director Elections

Election of Two Class II Directors

2 FOR
✓ FOR
Kevin Spain

Mr. Spain has served since March 2011 and has relevant venture capital and technology industry experience; Doximity's 3-year stock return of -35.3% outperforms the peer group median of -42.4% by approximately 7 percentage points, well within the 20-percentage-point underperformance threshold required to trigger a negative vote, and he has no overboarding or attendance concerns.

✓ FOR
Timothy Cabral

Mr. Cabral has served since September 2020 and brings strong financial expertise as a former CFO of Veeva Systems; Doximity's 3-year stock return outperforms the peer group median, clearing the TSR threshold, he chairs the audit committee with demonstrated financial qualifications, and no overboarding or attendance concerns are present.

Both Class II director nominees pass all policy screens — no TSR underperformance trigger (Doximity's 3-year return of -35.3% beats the peer median of -42.4% by 7 percentage points, below the 20-percentage-point negative-TSR threshold), no overboarding, no attendance issues, and both directors bring relevant experience. Vote FOR both nominees.

Say on Pay

✓ FOR

CEO

Jeff Tangney

Total Comp

$17,234,989

Prior Support

96.5%%

The prior year Say-on-Pay vote received 96.5% shareholder support, well above the 70% threshold that would require a response. CEO total compensation of $17.2 million (fiscal year 2025, the most recent year in our database) is primarily composed of performance-based equity awards — specifically performance stock awards tied to measurable revenue and adjusted EBITDA targets that Doximity achieved and exceeded — meaning the pay mix is heavily variable and performance-linked rather than fixed. While the stock price has declined sharply over three years, Doximity's 3-year total shareholder return of -35.3% actually outperforms its peer group median of -42.4%, meaning above-benchmark incentive pay is not misaligned with relative shareholder experience; the pay-for-performance test does not trigger a negative vote when the company outperforms its peers even in a down market.

Auditor Ratification

✓ FOR

Auditor

Deloitte & Touche LLP

Tenure

N/A

Audit Fees

$3,039,860

Non-Audit Fees

$7,391

Non-audit fees of $7,391 are only 0.24% of audit fees of $3,039,860, far below the 50% threshold that would raise independence concerns; Deloitte is a Big 4 firm appropriate for a $4 billion market-cap company; auditor tenure is not disclosed so the tenure trigger does not fire; and no material financial restatements are noted in the filing.

Overall Assessment

Doximity's 2026 annual meeting presents three standard proposals — director elections, auditor ratification, and Say-on-Pay — all of which pass policy screens and warrant a FOR vote. Despite a steep absolute stock price decline, Doximity's relative performance versus its disclosed peer group is actually positive over three years, which clears the director TSR trigger and the pay-for-performance alignment check; the auditor fee structure is clean with negligible non-audit fees.

Filing date: July 15, 2026·Policy v1.2·high confidence

Compensation Peer Group

23 companies disclosed in 2026 proxy filing

APPFAppFolio, Inc.
ASANAsana, Inc.
BILLBill.com, LLC
AIC3.ai, Inc.
CERTCertara, Inc.
CWANClearwater Analytics Holdings, Inc.
CFLTConfluent, Inc.
DOCNDigitalOcean, LLC
DTDynatrace, Inc.
ESTCElasticsearch, Inc.
GDRXGoodRx, Inc.
GHGuardant Health, Inc.
GWREGuidewire Software, Inc.
HCPHashiCorp, Inc.
HQYHealthEquity, Inc.
KVYOKlaviyo, Inc.
NCNOnCino, Inc.
PDPagerDuty, Inc.
PHRPhreesia, Inc.
PCORProcore Technologies, Inc.
IOTSamsara Inc.
SMARSmartsheet Inc.
SPSCSPS Commerce, Inc.