EX-99.1 2 agm2018pressrelease.htm EXHIBIT 99.1 Exhibit


EXHIBIT 99.1
agm2018pressreleaseimage1.gif
Shopify Announces Results of its 2018 Annual Meeting of Shareholders

Ottawa, Canada – May 30, 2018 - Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (“Shopify” or the “Company”), the leading cloud-based, multi-channel commerce platform, today announced the results from its Annual Meeting of Shareholders (the “Meeting”) which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors. Shareholders approved the amendment and restatement of the Company’s Stock Option Plan and the Company’s Long Term Option Plan and approved all unallocated options under the Stock Option Plan, as amended, and all unallocated awards under the Long Term Option Plan, as amended, all as further described in the Company’s management information circular dated April 18, 2018 (the “Circular”). Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Circular.

The detailed results of the Meeting were as follows:

1. Election of Directors

The six (6) nominees for Director that were proposed by management of the Company were elected pursuant to a vote conducted by ballot. The votes were cast for each nominee as follows:

Director
Votes
for
% of
Votes for
Votes
Withheld
% of
Votes Withheld
Tobias Lütke
185,500,290
99.72%
515,696
0.28%
Robert Ashe
184,687,273
99.29%
1,328,713
0.71%
Steven Collins
185,760,639
99.86%
255,347
0.14%
Gail Goodman
184,812,207
99.35%
1,203,779
0.65%
Jeremy Levine
185,211,826
99.57%
804,159
0.43%
John Phillips
183,924,490
98.88%
2,091,496
1.12%

2. Appointment of Auditor



Pricewaterhouse Coopers LLP were appointed as the Company’s auditors and the directors were authorized to fix the auditor’s compensation pursuant to a vote conducted by show of hands. Proxies were received as follows:

Votes
for
% of
Votes for
Votes
Withheld
% of
Votes Withheld
199,416,526
99.78%
438,461
0.22%

3. Approval of Amended and Restated Stock Option Plan

The Company’s amended and restated Stock Option Plan and all unallocated options under the Stock Option Plan, as amended, were approved pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes
for
% of
Votes for
Votes
Against
% of
Votes Against
159,345,863
85.66%
26,670,122
14.34%


4. Approval of Amended and Restated Long Term Incentive Plan

The Company’s amended and restated Long Term Incentive Plan and all unallocated awards under the Long Term Incentive Plan, as amended, were approved pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes
for
% of
Votes for
Votes
Against
% of
Votes Against
157,031,620
84.42%
28,984,364
15.58%


5. Advisory Vote on Executive Compensation

The advisory vote on executive compensation was approved pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes
for
% of
Votes for
Votes
Against
% of
Votes Against
176,321,810
94.79%
9,694,175
5.21%


Following the Meeting, the Board of Directors selected Tobias Lütke to continue to serve as Chair of the Board of Directors, and Robert Ashe to continue to serve as Lead Independent Director.

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media,


marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Headquartered in Ottawa, Canada, Shopify currently powers over 600,000 businesses in approximately 175 countries and is trusted by brands such as Red Bull, Nestle, Rebecca Minkoff, Kylie Cosmetics, and many more.

INVESTORS:
Katie Keita
Director, Investor Relations
613-241-2828
IR@shopify.com

MEDIA:
Sheryl So
Public Relations Manager
416-238-6705 x 302
press@shopify.com

SOURCE: Shopify