In a recent shareholder meeting, Capri Holdings Ltd (NYSE:CPRI), a leading global fashion luxury group, announced the approval of all proposed items on the agenda. The annual meeting, which took place on September 4, 2024, saw a high level of shareholder participation with 78.81% of the total shares outstanding represented.
The first proposal regarding the election of directors was met with overwhelming support, as shareholders voted in favor of appointing three Class I directors to serve until the 2027 annual meeting. The directors elected are Marilyn Crouther, Stephen Reitman, and Jean Tomlin OBE, who received a majority of the votes cast.
The second proposal involved the ratification of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending March 29, 2025. This proposal also passed with an affirmative vote from the majority of shareholders.
Lastly, the compensation of the company's named executive officers, known as the "Say on Pay" proposal, was approved on a non-binding advisory basis. This reflects the shareholders' support for the company's executive compensation policies and practices.
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