On this page of StockholderLetter.com we present the latest annual shareholder letter from VEEVA SYSTEMS INC — ticker symbol VEEV. Reading current and past VEEV letters to shareholders can bring important insights into the investment thesis.
VEEVA SYSTEMS INC. ANNUAL REPORT & PROXY STATEMENT

NOTICE OF 2025 ANNUAL MEETING OF SHAREHOLDERS WHAT: 2025 Annual Meeting of Shareholders. We are furnishing this Proxy Statement in connection with the solicitation of proxies by the Board of Directors (the Board ) of Veeva Systems Inc., a public benefit corporation under the laws of the State of Delaware, for use at the 2025 Annual Meeting of Shareholders (the Annual Meeting ) described here. This chart shows the items up for a vote at the Annual Meeting, how votes will be counted, and how management recommends you vote on each item. Two To ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2026. More Board Broker Information Recommendation Non-Votes Page 1 FOR Will have no effect on the outcome Page 42 FOR Will have no effect on the outcome Abstentions Will have no effect on the outcome Will have no effect on the outcome Votes Required for Approval Majority of the votes duly cast, with respect to each nominee; votes for exceed votes against Majority of the votes duly cast; votes for exceed votes against WHEN: Wednesday, June 18, 2025, 9:00 a.m. Pacific Time WHERE: The Annual Meeting will be held virtually at www.virtualshareholdermeeting.com/VEEV2025, where you will be able to listen to the meeting live, submit questions, and vote online. WHO CAN VOTE: You can vote if you were a shareholder of record as of the close of business on April 21, 2025 (the Record Date ). HOW CAN I VOTE: Shareholders of record can vote in any of these ways: Internet: www.proxyvote.com until 11:59 p.m. Eastern Time on Tuesday, June 17, 2025; Telephone: 1-800-690-6903 until 11:59 p.m. Eastern Time on Tuesday, June 17, 2025; Mail: Sign, date, and mail your proxy card (if you return your signed proxy card to us before the Annual Meeting, we will vote your shares as you instruct); or Directly at the virtual Annual Meeting: Visit www.virtualshareholdermeeting.com/VEEV2025 and enter your 16-digit control number. Beneficial Owners of Shares Held in Street Name Please refer to the voting instructions provided to you by your broker, trustee, or other nominee that holds your shares. Veeva Systems Inc. | 2025 Proxy Statement Proxy Statement Proposal One To elect the directors listed in Proposal One to serve as directors until the annual meeting to be held in 2026 or until their successors are duly elected and qualified.
Adjournments and Postponements Any action on the items of business described above may be considered at the virtual Annual Meeting or at any time and date to which the Annual Meeting may be properly adjourned or postponed. Voting Your vote is very important. We encourage you to read the Proxy Statement and vote your shares over the Internet, by telephone, or by mail. Voting your shares in advance will not prevent you from participating in the Annual Meeting virtually, revoking your earlier submitted proxy, or voting your shares during the virtual Annual Meeting. For specific instructions on how to vote your shares, please see Frequently Asked Questions and Answers in the Proxy Statement. On or about May 5, 2025, a Notice of Internet Availability of Proxy Materials (the Notice ) has been mailed to shareholders of record as of the Record Date. The Notice contains instructions on how to access our Proxy Statement and our Annual Report for the fiscal year ended January 31, 2025 (together, the proxy materials ). The Notice also provides instructions on how to vote and includes instructions on how to receive a paper copy of proxy materials by mail. The proxy materials can be accessed directly at the following Internet address: www.proxyvote.com. As used in this Proxy Statement, the terms Veeva, the Company, we, us, and our mean Veeva Systems Inc. and its subsidiaries unless the context indicates otherwise. By Order of the Board of Directors, Josh Faddis SVP, General Counsel and Corporate Secretary May 5, 2025 An Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on June 18, 2025: The Notice, Proxy Statement, and 2025 Annual Report is available to shareholders at www.proxyvote.com. Veeva Systems Inc. | 2025 Proxy Statement
TABLE OF CONTENTS Page PROPOSAL ONE: ELECTION OF DIRECTORS 1 BOARD RESPONSIVENESS 1 2 3 13 13 13 14 14 14 16 16 16 17 20 20 21 21 22 23 23 24 24 26 26 27 27 28 OUR COMPANY Overview Our Executive Officers Our Unique Employment Practices Our Workforce Our Approach to Environmental Sustainability Our Approach to Internal Audit Our Security and Privacy Programs Audit Committee Report OUR PUBLIC BENEFIT CORPORATION REPORT 29 29 29 30 32 32 33 33 34 35 PROPOSAL TWO: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 42 Veeva Systems Inc. | 2025 Proxy Statement Proxy Statement WHO WE ARE Board Nominees HOW WE ARE SELECTED, ELECTED, AND EVALUATED Director Independence Considerations in Evaluating Director Nominees Board and Committee Evaluations Director On-Boarding and Continuing Education Shareholder Recommendations for Nominations to the Board; Proxy Access HOW WE ARE ORGANIZED Overboarding Board Leadership Structure Board Committees Board and Committee Meeting Attendance Compensation Committee Interlocks and Insider Participation HOW WE GOVERN AND ARE GOVERNED Overview of Our Corporate Governance Program and Recent Actions Shareholder Engagement Program Corporate Governance Policies Board Oversight of Risk Board s Role in Human Capital Management Certain Relationships and Related Party Transactions HOW WE ARE PAID Non-Employee Director Compensation Plan Director Compensation Stock Ownership Guidelines HOW YOU CAN COMMUNICATE WITH US i
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VEEV Shareholder/Stockholder Letter Transcript:

VEEVA SYSTEMS INC.
ANNUAL REPORT
& PROXY STATEMENT


NOTICE OF 2025 ANNUAL MEETING OF
SHAREHOLDERS
WHAT: 2025 Annual Meeting of Shareholders. We are furnishing this Proxy Statement in connection with
the solicitation of proxies by the Board of Directors (the       Board      ) of Veeva Systems Inc., a public benefit
corporation under the laws of the State of Delaware, for use at the 2025 Annual Meeting of Shareholders (the
      Annual Meeting      ) described here. This chart shows the items up for a vote at the Annual Meeting, how votes
will be counted, and how management recommends you vote on each item.
Two
To ratify the appointment of
KPMG LLP as our independent
registered public accounting firm
for the fiscal year ending
January 31, 2026.
More
Board
Broker
Information Recommendation Non-Votes
Page 1
FOR
Will have no
effect on the
outcome
Page 42
FOR
Will have no
effect on the
outcome
Abstentions
Will have no
effect on the
outcome
Will have no
effect on the
outcome
Votes Required
for Approval
Majority of the
votes duly cast,
with respect to
each nominee;
votes       for      
exceed votes
      against      
Majority of the
votes duly cast;
votes       for      
exceed votes
      against      
WHEN: Wednesday, June 18, 2025, 9:00 a.m. Pacific Time
WHERE: The Annual Meeting will be held virtually at www.virtualshareholdermeeting.com/VEEV2025, where
you will be able to listen to the meeting live, submit questions, and vote online.
WHO CAN VOTE: You can vote if you were a shareholder of record as of the close of business on April 21,
2025 (the       Record Date      ).
HOW CAN I VOTE:
Shareholders of record can vote in any of these ways:

Internet: www.proxyvote.com until 11:59 p.m. Eastern Time on Tuesday, June 17, 2025;

Telephone: 1-800-690-6903 until 11:59 p.m. Eastern Time on Tuesday, June 17, 2025;

Mail: Sign, date, and mail your proxy card (if you return your signed proxy card to us before the
Annual Meeting, we will vote your shares as you instruct); or

Directly at the virtual Annual Meeting: Visit www.virtualshareholdermeeting.com/VEEV2025 and
enter your 16-digit control number.
Beneficial Owners of Shares Held in Street Name

Please refer to the voting instructions provided to you by your broker, trustee, or other nominee
that holds your shares.
Veeva Systems Inc. | 2025 Proxy Statement
Proxy Statement
Proposal
One
To elect the directors listed in
Proposal One to serve as
directors until the annual meeting
to be held in 2026 or until their
successors are duly elected and
qualified.

Adjournments and Postponements
Any action on the items of business described above may be considered at the virtual Annual Meeting or at any
time and date to which the Annual Meeting may be properly adjourned or postponed.
Voting
Your vote is very important. We encourage you to read the Proxy Statement and vote your shares over the
Internet, by telephone, or by mail. Voting your shares in advance will not prevent you from participating in the
Annual Meeting virtually, revoking your earlier submitted proxy, or voting your shares during the virtual Annual
Meeting. For specific instructions on how to vote your shares, please see       Frequently Asked Questions and
Answers       in the Proxy Statement.
On or about May 5, 2025, a Notice of Internet Availability of Proxy Materials (the       Notice      ) has been mailed to
shareholders of record as of the Record Date. The Notice contains instructions on how to access our Proxy
Statement and our Annual Report for the fiscal year ended January 31, 2025 (together, the       proxy materials      ).
The Notice also provides instructions on how to vote and includes instructions on how to receive a paper copy
of proxy materials by mail. The proxy materials can be accessed directly at the following Internet address:
www.proxyvote.com.
As used in this Proxy Statement, the terms       Veeva,             the Company,             we,             us,       and       our       mean Veeva
Systems Inc. and its subsidiaries unless the context indicates otherwise.
By Order of the Board of Directors,
Josh Faddis
SVP, General Counsel and Corporate Secretary
May 5, 2025
An Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of
Shareholders to be held on June 18, 2025: The Notice, Proxy Statement, and 2025 Annual Report is
available to shareholders at www.proxyvote.com.
Veeva Systems Inc. | 2025 Proxy Statement

TABLE OF CONTENTS
Page
PROPOSAL ONE: ELECTION OF DIRECTORS
1
BOARD RESPONSIVENESS
1
2
3
13
13
13
14
14
14
16
16
16
17
20
20
21
21
22
23
23
24
24
26
26
27
27
28
OUR COMPANY
Overview
Our Executive Officers
Our Unique Employment Practices
Our Workforce
Our Approach to Environmental Sustainability
Our Approach to Internal Audit
Our Security and Privacy Programs
Audit Committee Report
OUR PUBLIC BENEFIT CORPORATION REPORT
29
29
29
30
32
32
33
33
34
35
PROPOSAL TWO: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
42
Veeva Systems Inc. | 2025 Proxy Statement
Proxy Statement
WHO WE ARE
Board Nominees
HOW WE ARE SELECTED, ELECTED, AND EVALUATED
Director Independence
Considerations in Evaluating Director Nominees
Board and Committee Evaluations
Director On-Boarding and Continuing Education
Shareholder Recommendations for Nominations to the Board; Proxy Access
HOW WE ARE ORGANIZED
Overboarding
Board Leadership Structure
Board Committees
Board and Committee Meeting Attendance
Compensation Committee Interlocks and Insider Participation
HOW WE GOVERN AND ARE GOVERNED
Overview of Our Corporate Governance Program and Recent Actions
Shareholder Engagement Program
Corporate Governance Policies
Board Oversight of Risk
Board   s Role in Human Capital Management
Certain Relationships and Related Party Transactions
HOW WE ARE PAID
Non-Employee Director Compensation Plan
Director Compensation
Stock Ownership Guidelines
HOW YOU CAN COMMUNICATE WITH US
i



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