PFSweb Announces Results of 2022 Annual Meeting of Stockholders

Rhea-AI Summary

PFSweb, Inc. (NASDAQ: PFSW) held its Annual Meeting of Stockholders on August 23, 2022, in Allen, Texas, where all company proposals received approval. Key approvals included the election of seven directors and the advisory compensation of named executive officers. Additionally, an amendment to the Rights Agreement with Computershare Inc. and the appointment of BDO USA, LLP as independent auditors for the fiscal year ending December 31, 2022, were also sanctioned. PFS serves as an eCommerce order fulfillment provider with over 20 years of industry experience.

Positive

• All stockholder proposals, including the election of seven directors, were approved.
• Appointment of BDO USA, LLP as independent auditors enhances credibility.
• The company continues to affirm its leadership in eCommerce order fulfillment.

Negative

• None.

ALLEN, Texas, Aug. 23, 2022 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW), a global commerce services company, held its Annual Meeting of Stockholders today, August 23, 2022 in Allen, Texas.

All Company proposals were approved by the Company’s stockholders, including: the election of seven directors; compensation of the Company’s named executive officers on a non-binding, advisory basis; an amendment to the Rights Agreement with Computershare Inc.; and the approval of BDO USA, LLP as the Company’s independent auditors for the fiscal year ended December 31, 2022.

About PFS

PFS, the business unit of PFSweb, Inc. (NASDAQ: PFSW) is a premier eCommerce order fulfillment provider. We facilitate each operational step of an eCommerce order in support of DTC and B2B retail brands and specialize in health & beauty, fashion & apparel, jewelry, and consumer packaged goods. Our scalable solutions support customized pick/pack/ship services that deliver on brand ethos with each order. A proven order management platform, as well as high-touch customer care, reinforce our operation. With 20+ years as an industry leader, PFS is the BPO of choice for brand-centric companies and household brand names, such as L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, the United States Mint, and many more. The company is headquartered in Allen, TX with additional locations around the globe. For more information, visit www.pfscommerce.com or ir.pfsweb.com for investor information.

Investor Relations
Cody Slach or Jackie Keshner
Gateway Group, Inc.
1-949-574-3860
PFSW@gatewayir.com

FAQ

What happened at PFSweb's Annual Meeting on August 23, 2022?

PFSweb held its Annual Meeting where all stockholder proposals were approved, including the election of directors and the appointment of independent auditors.

Who were re-elected as directors during PFSweb's Annual Meeting?

Seven directors were re-elected during the Annual Meeting of PFSweb on August 23, 2022.

What firm was chosen as PFSweb's independent auditor for 2022?

BDO USA, LLP was approved as PFSweb's independent auditor for the fiscal year ending December 31, 2022.

What is PFSweb's primary business focus?

PFSweb specializes in eCommerce order fulfillment, supporting various sectors including health & beauty, fashion, and consumer packaged goods.

Where is PFSweb headquartered?

PFSweb is headquartered in Allen, Texas.