Business
Shopify Announces Results of its 2022 Annual General and Special Meeting of Shareholders and Further Details Regarding Previously Announced Share Split
Internet, Everywhere--(Newsfile Corp. - June 8, 2022) - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce,
About this update from Shopify Inc.
[{"type":"text","content":"Internet, Everywhere--(Newsfile Corp. - June 8, 2022) - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced the results of its annual general and special meeting of shareholders (the \"Meeting\") held on June 7, 2022. All director nominees were elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as the Company's auditors. Shareholders approved the previously announced amendments to the Company's restated articles of incorporation to update its governance structure, as well as the previously announced 10-for-1 split of the Company's Class A and Class B shares to be effected through a separate amendment to its restated articles of incorporation (the \"Share Split\"), all as further described in the Company's management information circular dated April 11, 2022 (the \"Circular\"). Shareholders also approved the advisory resolution on the Company's approach to executive compensation disclosed in the Circular.\nMeeting Results\nThe detailed results of the Meeting were as follows:\n1. Election of Directors\nThe seven (7) nominees for director that were proposed by management of the Company were elected by a majority of the votes cast by shareholders present or represented by proxy at the Meeting. The votes cast for each nominee were as follows:\n\n\n\nDirector\nVotes\nFor\n% of Votes\nFor\nVotes\nWithheld\n% of Votes\nWithheld\n\n\nTobias Lütke\n193,196,219\n98.68%\n2,588,664\n1.32%\n\n\nRobert Ashe\n185,629,962\n94.81%\n10,154,910\n5.19%\n\n\nGail Goodman\n192,789,980\n98.47%\n2,994,893\n1.53%\n\n\nColleen Johnston\n192,590,325\n98.37%\n3,194,557\n1.63%\n\n\nJeremy Levine\n192,760,637\n98.46%\n3,024,245\n1.54%\n\n\nJohn Phillips\n194,066,721\n99.12%\n1,718,161\n0.88%\n\n\nFidji Simo\n195,332,617\n99.77%\n452,266\n0.23%\n\n\n\n \n2. Appointment of Auditors\nPricewaterhouseCoopers LLP was appointed as the Company's auditors by a majority of the votes cast by shareholders present or represented by proxy at the Meeting, and the directors were authorized to fix the auditors' compensation. The votes were cast as follows:\n\n\n\nVotes\nFor\n% of Votes\nFor\nVotes\nWithheld\n% of Votes\nWithheld\n\n\n205,284,278\n99.69%\n644,163\n0.31%\n\n\n\n \n3. Approval of Plan of Arrangement\nThe special resolution in respect of the plan of arrangement under the Canada Busine...