VTEX Announces the Results of its 2024 Annual General Meeting of Shareholders

Rhea-AI Summary

VTEX (NYSE: VTEX), a top commerce platform for brands and retailers, announced the outcomes of its 2024 Annual General Meeting (AGM) held on May 24, 2024. Shareholders ratified the appointment of Silvia Mazzucchelli to the Board of Directors and approved the financial statements and auditor’s report for the fiscal year ending December 31, 2023. A total of 113,089,223 shares, representing 76.71% of the voting power, participated in the AGM.

Positive

• Ratification of Silvia Mazzucchelli as a Board member with 99.99% approval.
• Approval of financial statements and auditor's report with 99.98% votes in favor.
• High shareholder participation, representing 76.71% of voting power.

Negative

• Minimal shareholder opposition, though not a significant negative.

NEW YORK--(BUSINESS WIRE)-- VTEX (NYSE: VTEX), the composable and complete commerce platform for premier brands and retailers, announced today that the following matters were approved in its annual general meeting of shareholders (“AGM”) held on May 24, 2024:

1. the ratification of Silvia Mazzucchelli as a member of the Board of Directors; and
2. the ratification and approval of financial statements and the auditor’s report for the fiscal year ended December 31, 2023.

28.391.452 Class A shares and 84.697.771 Class B shares were represented at the AGM, in person or by proxy, which indicates 76.71% of the voting power of our share capital was represented.

AGM Results

The detailed results of the AGM were as follows:

1. Ratification of Silvia Mazzucchelli as a member of the Board of Directors.

FOR	% FOR	AGAINST	% AGAINST	ABSTAIN	% ABSTAIN
875.251.054	99,99%	114.310	0,01%	3.798	0,00%

2. Ratification and approval of financial statements and the auditor’s report for the fiscal year ended December 31, 2023.

FOR	% FOR	AGAINST	% AGAINST	ABSTAIN	% ABSTAIN
875.189.258	99,98%	13.430	0,00%	166.474	0,02%

Final voting results on all matters voted on at the AGM will be filed on VTEX’s profile on EDGAR at www.sec.gov.

About VTEX

VTEX (NYSE: VTEX) is the composable and complete commerce platform that delivers more efficiency and less maintenance to organizations seeking to make smarter IT investments and modernize their tech stack. Through our pragmatic composability approach, we empower brands, distributors, and retailers with unparalleled flexibility and comprehensive solutions, enabling them to invest solely in what provides a clear business advantage and boosts profitability. VTEX is trusted by 2,600 global B2C and B2B customers, including Carrefour, Colgate, Motorola, Sony, Stanley Black & Decker, and Whirlpool, having 3,500 active online stores across 43 countries (as of FY ended on December 31, 2023). For more information, visit www.vtex.com.

Forward-looking Statements

This announcement contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange of 1934, as amended. Statements contained herein that are not clearly historical in nature, including statements about the VTEX strategies and business plans, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” ”strategy,” “project,” “target” and similar expressions and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may,” or similar expressions are generally intended to identify forward-looking statements.

VTEX may also make forward-looking statements in its periodic reports filed with the U.S. Securities and Exchange Commission, or the SEC, in press releases and other written materials and in oral statements made by its officers and directors. These forward-looking statements speak only as of the date they are made and are based on the VTEX’s current plans and expectations and are subject to a number of known and unknown uncertainties and risks, many of which are beyond VTEX’s control. A number of factors and risks could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in VTEX filings with the SEC.

As a consequence, current plans, anticipated actions and future financial position and results of operations may differ significantly from those expressed in any forward-looking statements in this announcement. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented as there is no guarantee that expected events, trends or results will actually occur. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

This announcement may also contain estimates and other information concerning our industry that are based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240524320514/en/

VTEX IR Contact

Julia Vater Fernández

Investor Relations Director

investors@vtex.com

Source: VTEX Commerce Cloud Solutions LLC

FAQ

What were the results of VTEX's 2024 Annual General Meeting?

VTEX shareholders ratified Silvia Mazzucchelli as a Board member and approved the financial statements and auditor's report for the fiscal year ending December 31, 2023.

When was VTEX's 2024 AGM held?

VTEX's 2024 Annual General Meeting was held on May 24, 2024.

How much shareholder voting power participated in VTEX's 2024 AGM?

76.71% of VTEX's voting power participated in the 2024 AGM.

What is the stock symbol for VTEX?

The stock symbol for VTEX is VTEX.

Who was ratified as a member of VTEX's Board of Directors in the 2024 AGM?

Silvia Mazzucchelli was ratified as a member of VTEX's Board of Directors.

What percentage of votes were in favor of the financial statements and auditor's report at VTEX's 2024 AGM?

99.98% of votes were in favor of the financial statements and auditor's report.