In This Article:
NEW YORK, April 25, 2025--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the backbone for connected commerce, announced today that the following matters were approved in its annual general meeting of shareholders ("AGM") held on April 25, 2025:
-
Proposal No. 1: to resolve, as an ordinary resolution, on the re-election of certain members of the Board of Directors;
-
Proposal No. 2: to resolve, as an ordinary resolution, the transition of the Company’s financial reporting standards to U.S. Generally Accepted Accounting Principles ("U.S. GAAP") from International Financial Reporting Standards ("IFRS"), beginning from the fiscal year commencing on January 1, 2025;
-
Proposal No. 3: the ratification and approval of financial statements and the auditor’s report for the fiscal year ended December 31, 2024.
68,892,908 Class A shares and 80,766,730 Class B shares were represented at the AGM, in person or by proxy, which indicates 96.36% of the voting power of our share capital was represented.
AGM Results
The detailed results of the AGM were as follows:
1. To resolve, as an ordinary resolution, on the re-election of certain members of the Board of Directors.
|
| Director | FOR | % FOR | AGAINST | % AGAINST | ABSTAIN | % ABSTAIN |
| 1.1 | Geraldo do Carmo Thomaz Júnior | 861,782,763 | 98.31% | 14,707,851 | 1.68% | 1,574 | 0.00% |
| 1.2 | Mariano Gomide de Faria | 861,761,157 | 98.31% | 14,728,948 | 1.68% | 2,084 | 0.00% |
| 1.3 | Alejandro Raul Scannapieco | 873,822,262 | 99.69% | 2,633,785 | 0.30% | 36,139 | 0.00% |
| 1.4 | Benoit Jean-Claude Marie Fouilland | 873,822,460 | 99.69% | 2,633,775 | 0.30% | 35,951 | 0.00% |
| 1.5 | Francisco Alvarez-Demalde | 860,204,353 | 98.13% | 16,027,356 | 1.83% | 328,499 | 0.04% |
2. To resolve, as an ordinary resolution, the transition of the Company’s financial reporting standards to U.S. Generally Accepted Accounting Principles ("U.S. GAAP") from International Financial Reporting Standards ("IFRS"), beginning from the fiscal year commencing on January 1, 2025.
| FOR | % FOR | AGAINST | % AGAINST | ABSTAIN | % ABSTAIN | ||
| 876,541,587 | 100.00% | 1,847 | 0.00% | 16,774 | 0.00% |
3. The ratification and approval of financial statements and the auditor’s report for the fiscal year ended December 31, 2024.
| FOR | % FOR | AGAINST | % AGAINST | ABSTAIN | % ABSTAIN | ||
|
| 875,542,949 | 99.88% | 50,630 | 0.01% | 966,629 | 0.11% |
|
Final voting results on all matters voted on at the AGM will be filed on VTEX’s profile on EDGAR at www.sec.gov.
About VTEX
VTEX (NYSE: VTEX) is the commerce suite of choice for bold CIOs and CEOs globally, delivering transformative outcomes with unprecedented operational efficiency. By unifying a comprehensive ecosystem of solutions—including B2C, B2B, Sales App, Pick and Pack, Data Pipeline, Retail Media, and Security Shield—VTEX empowers brands and retailers to eliminate friction, foster collaboration, and accelerate growth. More than just software, VTEX is an agent of transformation, seamlessly connecting customers, partners, and developers to drive tangible business results. Trusted by 2.4 thousand global B2C and B2B customers, including Carrefour, Colgate, Sony, Stanley Black & Decker, and Whirlpool, VTEX supports 3.4 thousand active online stores across 43 countries (FY ended December 31, 2024). For more information, visit www.vtex.com.