Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 91

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 91
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 ended January 31,20252024Cash paid for lease liabilities$12,522 $10,291 Lease right-of-use assets obtained in exchange for new lease liabilities$30,866 $3,700 Supplemental balance sheet information related to operating leases was as follows:January 31,20252024Weighted average remaining lease term7.7 years6.6 yearsWeighted average discount rate4.6 %4.4 %As of January 31, 2025, remaining maturities of operating lease liabilities are as follows (in thousands):Fiscal YearFiscal 2026$8,818 Fiscal 202713,451 Fiscal 202814,101 Fiscal 202910,653 Fiscal 20309,847 Thereafter36,041 Total lease payments92,911 Less imputed interest(17,136)Total lease liabilities$75,775 

Note 11. Stockholders’ Equity 

Common StockAs of January 31, 2025 and 2024, we had 162,583,789 and 161,260,172 shares of common stock outstanding, respectively.Voting RightsThe holders of our common stock are entitled to one vote per share.Stockholders do not have the ability to cumulate votes for the election of directors. Our certificate of incorporation and bylaws provide for a declassified board of directors, with annual election of directors, serving a one-year term.Dividend RightsSubject to preferences that may apply to shares of preferred stock outstanding at the time, the holders of outstanding shares of our common stock are entitled to receive dividends out of funds legally available if our board of directors, in its discretion, determines to issue dividends, and only then at the times and in the amounts that our board of directors may determine.No Preemptive or Similar RightsOur common stock is not entitled to preemptive rights and is not subject to conversion, redemption, or sinking fund provisions.Right to Receive Liquidation DistributionsUpon our dissolution, liquidation, or winding-up, the assets legally available for distribution to our stockholders are distributable ratably among the holders of our common stock, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights and payment of liquidation preferences, if any, on any outstanding shares of preferred stock.

Veeva Systems Inc. | Form 10-K69

Table of Contents

Employee Equity PlansPursuant to our equity compensation program, the vast majority