other material
confidence high
sentiment neutral
materiality 0.55
Grocery Outlet shareholders approve supermajority removal and board declassification
Grocery Outlet Holding Corp.
- Supermajority Voting Removal Amendment approved with 94.12% of shares outstanding voting in favor.
- Declassification Amendment approved with 94.19% of shares outstanding; board will be fully declassified by 2026 annual meeting.
- Three Class III directors re-elected: Jaros (90.7M for), Lindberg (84.6M for), Matthews (69.5M for).
- Advisory vote on executive compensation passed with 77.6M for (13.2M against).
- Ratification of Deloitte as auditor for FY2022 approved with 93.0M shares in favor.