Snowflake (SNOW) AGM 2024 summary

Opening remarks and agenda

• Meeting commenced at 9:00 A.M. Pacific on July 2, 2024, with introductions of board members and key executives.

• The meeting was held virtually, and the agenda included voting on three management proposals and one stockholder proposal.

Board and executive committee updates

• Three Class I director nominees were presented: Benoît Dageville, Mark Garrett, and Jayshree Ullal, recommended by the board for election.

Shareholder proposals

• A non-binding stockholder proposal was presented by James McRitchie, advocating for the declassification of the board to allow annual director elections.

• The proposal cited concerns about board diversity, director accountability, and underperformance relative to the Nasdaq.

• The board recommended voting against the declassification proposal.