Summary by Moomoo AI
Snap Inc. has announced that its 2024 annual meeting of stockholders will be held virtually on July 22, 2024. The meeting will address the election of ten director nominees and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. Holders of Class B and Class C common stock as of June 14, 2024, are entitled to vote, with Class A stockholders not having voting rights on the pending matters. Co-founders Evan Spiegel and Robert Murphy, who hold over 99% of the voting power, intend to vote 'FOR' all proposals by written consent prior to the meeting, effectively ensuring their approval. The meeting will also allow stockholders to submit questions in advance and access the information statement and annual report online. The board of directors is not soliciting proxies as the majority voting power has already indicated their intent to approve the proposals by written consent.