Petco Health and Wellness Company, Inc. Announces Voting Results From 2021 Annual Meeting of Stockholders

Rhea-AI Summary

Petco Health and Wellness Company (Nasdaq: WOOF) reported significant outcomes from its 2021 Annual Meeting of Stockholders held on July 21, 2021. Director nominees Ronald Coughlin Jr., Maximilian Biagosch, Cameron Breitner, and Sabrina Simmons were elected for a three-year term. Stockholders approved the 2020 compensation of named executive officers and agreed on a one-year frequency for future advisory votes regarding executive compensation. Additionally, the appointment of Ernst & Young LLP as the independent registered accounting firm for the fiscal year ending January 29, 2022, was ratified.

Positive

• Directors elected for a three-year term, enhancing board stability.
• Stockholder support for executive compensation structure.
• Ratification of Ernst & Young as accounting firm ensures investor confidence.

Negative

• None.

SAN DIEGO, July 22, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced the following voting results from its 2021 Annual Meeting of Stockholders, held virtually on July 21, 2021:

• Director nominees Ronald Coughlin Jr., Maximilian Biagosch, Cameron Breitner and Sabrina Simmons were each elected to Petco's board of directors for a three-year term;
• Stockholders approved, on a non-binding, advisory basis, the 2020 compensation of the company's named executive officers;
• Stockholders approved, on a non-binding, advisory basis, a frequency of one year for future non-binding, advisory votes to approve the compensation of the company's named executive officers; and
• Stockholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending January 29, 2022.

About Petco, The Health + Wellness Co.
Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. Since our founding in 1965, we've been striving to set new standards in pet care, delivering comprehensive wellness solutions through our products and services, and creating communities that deepen the pet-pet parent bond. We operate more than 1,500 Petco locations across the U.S., Mexico and Puerto Rico, including a growing network of more than 100 in-store veterinary hospitals, and offer a complete online resource for pet health and wellness at petco.com and on the Petco app. In tandem with Petco Love (formerly the Petco Foundation), an independent nonprofit organization, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, we've helped find homes for more than 6.5 million animals.

Investor Contact:
Petco Health and Wellness Company, Inc.
Kristy Moser, Vice President, Investor Relations Officer
Kristine.moser@petco.com

Media Contact:
Petco Health and Wellness Company, Inc.
Ventura Olvera, Corporate Communications Manager
ventura.olvera@petco.com

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SOURCE Petco Health and Wellness Company, Inc.

FAQ

What were the voting results from Petco's 2021 Annual Meeting of Stockholders?

Petco's voting results included the election of four directors for a three-year term and approval of the 2020 compensation for named executive officers.

When was Petco's 2021 Annual Meeting of Stockholders held?

The meeting was held virtually on July 21, 2021.

Who were elected to Petco's board of directors in 2021?

The elected directors were Ronald Coughlin Jr., Maximilian Biagosch, Cameron Breitner, and Sabrina Simmons.

What accounting firm was ratified by Petco's stockholders for 2021?

Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 29, 2022.