Shopify (SHOP) AGM 2024 summary

Opening remarks and agenda

• Meeting opened virtually to enable broad shareholder participation and voting, with Mike Johnson acting as Chair and Secretary.

• Business portion conducted first, followed by Q&A on proposals, with questions grouped and addressed per protocol.

• Notice of Meeting, proxy forms, and financial statements were distributed to all eligible shareholders.

Board and executive committee updates

• Management and board members, including CEO, CFO, President, and General Counsel, were introduced, along with committee chairs and auditors.

Corporate governance

• Quorum confirmed with over 25% of voting shares represented, meeting requirements for business transactions.

• Voting structure explained: Class A shares (1 vote), Class B shares (10 votes), and founder share (variable votes, 40–49.9% aggregate power).

• All resolutions require a majority of votes cast by shareholders voting as a single class.