Proposal Sets and Preserves Voting Power of Founder and CEO Tobi Ltke, Introduces New Service- and Liquidity-Based Sunsets, and Eliminates Intergenerational Transfers of Voting Power
Structure Allows Shopify to Remain Mission-Driven and Merchant-Obsessed
Separately Announces Planned 10-for-1 Split of the Company's Class A and Class B Shares
Internet, Everywhere--(Newsfile Corp. - April 11, 2022) - Shopify Inc. (NYSE, TSX: SHOP) ("Shopify" or the "Company"), a provider of essential internet infrastructure for commerce, today announced proposed updates to its governance structure designed to support the Company's continued long-term growth. The Company will seek shareholder approval to implement the proposed amendments to its articles of incorporation at its upcoming Annual and Special Meeting of shareholders to be held on June 7, 2022 (the "Meeting").
https://www.newsfilecorp.com/release/120006