Shopify announces highlights from its Annual Shareholders Meeting

Ottawa, Canada, 2017-Jun-09 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (“Shopify” or the “Company”), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today (Jun 8, 2017) announced the results from its Annual Meeting of Shareholders (the “Meeting”) which took place yesterday. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors.  Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Company’s management information circular dated May 2, 2017.

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 cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and physical retail locations. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers hundreds of thousands of businesses in approximately 175 countries and is trusted by brands such as Tesla, Nestle, GE, Red Bull, Kylie Cosmetics, and many more.

SOURCE: Shopify

Wal-Mart announces shareholder voting results for its Annual Shareholders’ Meeting

FAYETTEVILLE, Ark., 2017-Jun-05 — /EPR Retail News/ — Wal-Mart Stores, Inc. (NYSE:WMT) today (June 2, 2017 ) announced shareholder voting results for its Annual Shareholders’ Meeting. Approximately 92.7 percent of all outstanding shares were present or represented by proxy at the meeting.

The company reported that shareholders approved the election of each of Walmart’s 11 director nominees. Each director nominee received affirmative votes from approximately 94 percent or more of the shares voted, excluding abstentions and broker non-votes, as follows (all percentages are rounded to the nearest 1/100 of 1 percent):

Director Nominee For Against
James I. Cash, Jr. 98.95% 1.05%
Timothy P. Flynn 99.40% 0.60%
Carla A. Harris 98.17% 1.83%
Thomas W. Horton 99.40% 0.60%
Marissa A. Mayer 94.31% 5.69%
C. Douglas McMillon 99.27% 0.73%
Gregory B. Penner 97.16% 2.84%
Steven S Reinemund 94.44% 5.56%
Kevin Y. Systrom 94.45% 5.55%
S. Robson Walton 94.43% 5.57%
Steuart L. Walton 97.48% 2.52%

Shareholders voted on a non-binding advisory resolution to establish the frequency of future advisory shareholder votes to approve the compensation of Walmart’s named executive officers, with approximately 98.74 percent of the shares present in person or represented by proxy voting to hold such future advisory votes annually. The Board of Directors had recommended a frequency of one year.

Shareholders voted to approve, on a non-binding, advisory basis, the compensation of Walmart’s named executive officers described in Walmart’s 2017 proxy statement, with approximately 83.14 percent of the shares present in person or represented by proxy voting in favor of this proposal. The Board of Directors had recommended a vote for this proposal.

Shareholders also ratified the appointment of Ernst & Young LLP as Walmart’s independent accountants, with affirmative votes from approximately 99.23 percent of the shares that were present in person or represented by proxy at the meeting and entitled to vote.

The Board of Directors had recommended a vote against each of the four shareholder proposals, and each proposal failed to receive affirmative votes from a majority of the total shares that were represented at the meeting and entitled to vote and, accordingly, they did not pass. The approximate percentages of the shares present or represented by proxy at the meeting that were voted in favor of each of the four shareholder proposals are as follows:

  • Request to adopt an independent chairman policy: approximately 15.15 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Shareholder proxy access: the proposal was not formally presented at the meeting. However, the company received proxies representing approximately 26.24 percent of the shares in support of this proposal.
  • Request for independent director with environmental expertise: approximately 2.13 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.
  • Request for annual reporting of additional demographic information about full- and part-time associates in the U.S.: less than 0.01 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.

The official voting results for each item voted on by shareholders will be disclosed in a report to be filed next week with the Securities and Exchange Commission.

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 260 million customers and members visit our 11,723 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.

Source: Wal-Mart Stores, Inc.