Shopify Announces Results of its 2017 Annual Meeting of ShareholdersJune 8, 2017
Ottawa, Canada – June 8, 2017 - 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 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.
The detailed results of the Meeting were as follows:
Percentage of Votes For Against/Withheld
Cast For (number of votes) (number of votes)
1. Election of Directors
Tobias Lütke 99.86 175,775,607 237,787
Robert Ashe 99.65 175,400,779 612,615
Steven Collins 99.80 175,654,516 358,878
Gail Goodman 99.66 175,422,089 591,305
Jeremy Levine 99.79 175,640,203 373,191
John Phillips 99.48 175,101,090 912,304
2. Appointment of Auditors 99.93 186,673,135 133,136
3. Advisory Resolution on Executive
Compensation 99.09 174,420,221 1,593,176
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.
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.