Summary by Moomoo AI
Chewy, Inc. (CHWY.US), an online retailer of pet food and other pet-related products, has announced a series of corporate actions involving its stock and governance structure. The company has filed a preliminary proxy statement with the SEC, indicating plans for its 2024 Annual Meeting of Stockholders to be held virtually on July 11, 2024. Key proposals include the adoption of the Chewy, Inc. 2024 Omnibus Incentive Plan, which would increase the number of shares reserved for issuance under the plan, and an amendment to the Certificate of Incorporation to allow for the exculpation of certain officers as permitted by Delaware law. The company has also proposed the election of four director nominees for three-year terms. These actions are subject to stockholder approval at the upcoming meeting. The company's stockholders of record as of May 13, 2024, are entitled to vote at the meeting. Proxy materials are expected to be available on May 24, 2024, with the company encouraging stockholders to review the materials and submit their proxy or voting instructions as soon as possible.
