Shopify Announces Results of Its 2019 Annual Meeting of Shareholders

Date : 05/29/2019 @ 9:03PM
Source : Business Wire
Stock : Shopify Inc (SHOP)
Quote : 364.6  1.01 (0.28%) @ 12:59AM
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Shopify Announces Results of Its 2019 Annual Meeting of Shareholders

Shopify (NYSE:SHOP)
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Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (“Shopify” or the “Company”), the leading multi-channel commerce platform, today announced the results from its Annual Meeting of Shareholders (the “Meeting”) which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors as further described in the Company’s management information circular dated April 17, 2019 (the “Circular”). Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Circular.

The detailed results of the Meeting were as follows:

1. Election of Directors

The six (6) nominees for Director that were proposed by management of the Company were elected pursuant to a vote conducted by ballot. The votes were cast for each nominee as follows:

                  Director   Votes

for

  % of

Votes for

  Votes

Withheld

  % of

Votes Withheld

Tobias Lütke   184,994,109   99.52%   896,537   0.48% Robert Ashe   181,202,249   97.48%   4,688,397   2.52% Gail Goodman   185,052,578   99.55%   858,068   0.45% Colleen Johnston   185,842,907   99.97%   47,738   0.03% Jeremy Levine   185,163,144   99.61%   727,502   0.39% John Phillips   184,918,115   99.48%   972,531   0.52%        

2. Appointment of Auditor

PricewaterhouseCoopers LLP were appointed as the Company’s auditors and the directors were authorized to fix the auditor’s compensation pursuant to a vote conducted by show of hands. Proxies were received as follows:

              Votes

for

  % of

Votes for

  Votes

Withheld

  % of

Votes Withheld

199,962,872   99.73%   535,299   0.27%      

3. Advisory Vote on Executive Compensation

The advisory vote on executive compensation was approved pursuant to a vote conducted by ballot. The votes were cast as follows:

              Votes

for

  % of

Votes for

  Votes

Against

  % of

Votes Against

172,224,944   92.65%   13,662,437   7.35%      

Following the Meeting, the Board of Directors selected Tobias Lütke to continue to serve as Chair of the Board of Directors, and Robert Ashe to continue to serve as Lead Independent Director.

About Shopify

Shopify is the leading multi-channel commerce platform. Merchants use Shopify to design, set up, and manage their stores across multiple sales channels, including mobile, web, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business, from payments to shipping. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Headquartered in Ottawa, Canada, Shopify currently powers over 800,000 businesses in approximately 175 countries and is trusted by brands such as Unilever, Kylie Cosmetics, Allbirds, MVMT, and many more.

INVESTORS:Katie KeitaSenior Director, Investor Relations613-241-2828 x 1024IR@shopify.com

MEDIA:Julie NicholsonDirector of Communications416-238-6705 x 302press@shopify.com

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