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Lightspeed announces annual shareholder meeting

EditorNatashya Angelica
Published 28/06/2024, 19:56
LSPD
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Lightspeed Commerce Inc. (NYSE:LSPD), a global provider of cloud-based, point-of-sale and e-commerce software, announced today that it will hold its annual meeting of shareholders. The meeting is scheduled for the end of the current fiscal year, as stated in a recent filing with the Securities and Exchange Commission (SEC).

The announcement came in the form of a 6-K filing, a report of foreign private issuers required by the SEC, which was filed today. Lightspeed, headquartered in Montreal, Quebec, Canada, indicated that all pertinent documents related to the annual meeting, including the notice of meeting and management information circular, are now accessible to shareholders.

According to the filing, the company will also provide a form of proxy and a notice of availability of proxy materials, which are integral to the shareholder voting process. These documents are incorporated by reference into Lightspeed's Registration Statements on Form F-10 and Forms S-8, as previously filed with the SEC.

Lightspeed, known for its services in prepackaged software under the industrial classification code 7372, operates under the organization name 06 Technology. The company, which underwent a name change from Lightspeed POS Inc (NYSE:LSPD). to Lightspeed Commerce Inc. on September 1, 2020, has its fiscal year-end on March 31.

The company's legal officer, Dan Micak, signed the SEC filing, underscoring the formal notification of the annual meeting to shareholders and regulatory bodies. The filing did not disclose specific agenda items or proposals to be voted on at the upcoming meeting.

Investors and interested parties are directed to review the filed documents for detailed information regarding the annual meeting. The information in this article is based on the aforementioned SEC filing by Lightspeed Commerce Inc.

In other recent news, Altice USA reported mixed results for the first quarter of 2024. Despite a 1.9% year-over-year decline in total revenue, amounting to approximately $2.3 billion, the company saw growth in Residential Average Revenue Per User (ARPU) and in specific segments like Business Services and News and Advertising.

Altice USA also announced plans to expand its fiber internet network and mobile business, with a focus on driving profitability and customer value.

In addition to these developments, Altice USA added 45,000 fiber passings in Q1 and targets a total of 3 million by year's end. The company also plans to expand its network with over 175,000 additional passings in 2024. Capital expenditure for Q1 stood at $336 million, a decrease of 42% year-over-year, with a full-year expectation of $1.6 to $1.7 billion.

As part of its recent developments, Altice USA has made efforts to refinance its debt and clear near-term maturities until 2027. The company is committed to driving profitable customer relationships and expects moderately better ARPU trends for the full year. These updates underscore Altice USA's commitment to strategic investments and operational performance enhancement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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