leadership
confidence high
sentiment neutral
materiality 0.75
Snap board entirely replaced via written consent; 10 new directors elected
Snap Inc
- On July 22, 2024, holders of 231.6M Class C shares (over 99% voting power) acted by written consent to remove the existing board.
- Elected 10 new directors: Evan Spiegel, Robert Murphy, Michael Lynton, Kelly Coffey, Joanna Coles, Liz Jenkins, Scott D. Miller, Patrick Spence, Poppy Thorpe, and Fidel Vargas.
- The written consent also ratified Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2024.
- Each new director serves until the next annual meeting or until successor elected or earlier removal.