Savers Value Village Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$SVV
Other Specialty Stores
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 5, 2024
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Item 5.07 - Submission of Matters to a Vote of Security Holders.
The annual meeting of stockholders of Savers Value Village, Inc. (the “Company”) was held on June 5, 2024. The matters voted upon at the annual meeting and the final results of such voting are set forth below. A more complete description of each proposal is set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2024 (the “Proxy”).
Proposal 1: The Company’s stockholders elected each Class I director nominated by the Board of Directors, each to serve until the 2027 annual meeting of stockholders and until his or her successor is duly elected and qualified. The results of the voting were as follows:
Nominee | Votes For | Votes Withheld | Broker Non-Votes | ||||||||
Aaron Rosen | 144,998,618 | 11,972,207 | 229,399 | ||||||||
Jordan Smith | 145,379,286 | 11,591,539 | 229,399 | ||||||||
Susan O’Farrell | 155,201,976 | 1,768,849 | 229,399 | ||||||||
Proposal 2: The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2024. The results of the voting were as follows:
Votes For | Votes Against | Abstentions | ||||||
| 156,458,214 | 706,177 | 35,833 | ||||||
Proposal 3: The Company’s stockholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, compensation tables, and narrative discussion in the Proxy (the say-on-pay vote). The results of the voting were as follows:
Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 153,774,039 | 3,159,577 | 37,209 | 229,399 | ||||||||
Proposal 4: The Company’s stockholders approved, on an advisory basis, the one-year option for the frequency of future advisory votes on the compensation of the Company’s named executive officers. The results of the voting were as follows:
1 Year | 2 Years | 3 Years | Abstentions | Broker Non-Votes | ||||||||||
| 156,916,077 | 4,895 | 16,305 | 33,548 | 229,399 | ||||||||||
Based on the results of the vote, and consistent with the Board of Directors’ recommendation, the Board of Directors of the Company has determined that future advisory votes of stockholders to approve the compensation of the named executive officers will be submitted annually to the Company’s stockholders until the next advisory stockholder vote on the frequency of stockholder votes on executive compensation, or until the Board of Directors otherwise determines a different frequency for such advisory vote.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SAVERS VALUE VILLAGE, INC. | |||||||||||
| Date: | June 07, 2024 | By: | /s/ Richard Medway | ||||||||
| Name: | Richard Medway | ||||||||||
| Title: | General Counsel, Chief Compliance Officer, Chief Sustainability Officer and Secretary | ||||||||||