Shopify Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits
$SHOP
Computer Software: Prepackaged Software
Technology
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 17, 2025
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(Exact name of registrant as specified in its charter)
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| (Address of Principal Executive Offices) (Zip Code) | ||||||||||||||
Registrant’s Telephone Number, Including Area Code: (613 ) 241-2828 x 1045
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 5.07. Submission of Matters to a Vote of Security Holders
At the 2025 Annual General Meeting of shareholders of Shopify Inc. (the "Company"), held on June 17, 2025, the holders of the Company's Class A subordinate voting shares, Class B multiple voting shares, and the founder share voted on: (1) 10 director nominees to be elected to the Board of Directors (the "Board") to serve until the close of the Company's next annual meeting of shareholders or until their respective successors have been appointed; (2) the appointment of PricewaterhouseCoopers LLP as auditors of the Company until the close of the Company's next annual meeting of shareholders at such remuneration to be fixed by the Board; and (3) a non-binding advisory vote on the Company's approach to executive compensation (a "Say on Pay vote"). The items of business are further described in the Company's management information circular (the "Circular") filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on April 29, 2025.
The tables below set forth the number of votes cast for, against or withheld, and the number of abstentions and broker non-votes, for each matter voted on by the Company's shareholders.
1.Election of Directors
Each of the 10 nominees listed below were elected as a Director of the Company to hold office until the Company's next annual meeting of shareholders or until their successor is duly appointed.
| Name of Nominee | Votes For | Votes Against | Broker Non-Votes | ||||||||||||||||||||||||||
| Number | Percentage | Number | Percentage | Number | |||||||||||||||||||||||||
| Tobias Lütke | 1,676,977,579 | 98.18% | 31,136,925 | 1.82% | 84,459,612 | ||||||||||||||||||||||||
| Lulu Cheng Meservey | 1,704,810,215 | 99.81% | 3,304,289 | 0.19% | 84,459,612 | ||||||||||||||||||||||||
| Gail Goodman | 1,293,245,116 | 75.71% | 414,869,388 | 24.29% | 84,459,612 | ||||||||||||||||||||||||
| David Heinemeier Hansson | 1,704,845,375 | 99.81% | 3,269,129 | 0.19% | 84,459,612 | ||||||||||||||||||||||||
| Jeremy Levine | 1,610,300,766 | 94.27% | 97,813,738 | 5.73% | 84,459,612 | ||||||||||||||||||||||||
| Prashanth Mahendra-Rajah | 1,697,583,779 | 99.38% | 10,530,676 | 0.62% | 84,459,612 | ||||||||||||||||||||||||
| Joe Natale | 1,667,914,523 | 97.65% | 40,199,981 | 2.35% | 84,459,612 | ||||||||||||||||||||||||
| Kevin Scott | 1,702,755,451 | 99.69% | 5,358,884 | 0.31% | 84,459,612 | ||||||||||||||||||||||||
| Toby Shannan | 1,702,794,212 | 99.69% | 5,320,292 | 0.31% | 84,459,612 | ||||||||||||||||||||||||
| Fidji Simo | 1,430,792,451 | 83.76% | 277,322,053 | 16.24% | 84,459,612 | ||||||||||||||||||||||||
2. Appointment of Independent Registered Public Accounting Firm
The shareholders approved the appointment of PricewaterhouseCoopers LLP as auditors of the Company until the close of the Company's next annual meeting of shareholders at such remuneration to be fixed by the Board.
| Votes For | Votes Withheld | |||||||||||||||||||
| Number | Percentage | Number | Percentage | |||||||||||||||||
| 1,780,900,707 | 99.35% | 11,673,409 | 0.65% | |||||||||||||||||
There were no abstentions and no broker non-votes on this proposal.
3. Non-binding Advisory Vote on Executive Compensation
The shareholders accepted, on a non-binding advisory basis, the Company's approach to executive compensation, as disclosed in the Circular.
| Votes For | Votes Against | Broker Non-Votes | ||||||||||||||||||||||||
| Number | Percentage | Number | Percentage | Number | ||||||||||||||||||||||
| 1,064,652,087 | 62.33% | 643,461,082 | 37.67% | 84,459,612 | ||||||||||||||||||||||
There were no abstentions on this proposal.
Item 8.01 Other Events
On June 18, 2025, the Company issued a press release announcing the voting results of the 2025 Annual General Meeting of shareholders held virtually on June 17, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
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.
| SHOPIFY INC. | ||||||||
| Date: June 18, 2025 | ||||||||
| By: | /s/ Michael L. Johnson | |||||||
Name: Michael L. Johnson | ||||||||
| Title: Corporate Secretary | ||||||||