06/16/2026 | Press release | Distributed by Public on 06/16/2026 14:30
On June 11, 2026, ContextLogic Holdings Inc. (the "Company") held its 2026 Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders voted on five proposals, each of which is described in more detail in the Company's amended and restated definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2026. The following is a brief description of each matter voted upon and the final voting results for each matter.
Proposal 1. Stockholders approved an amendment to the Company's Certificate of Incorporation to waive corporate opportunities (the "Corporate Opportunities Proposal"). The voting results were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
27,962,975 |
1,529,295 |
21,510 |
8,184,614 |
Proposal 2. The two (2) Class I directors proposed by the Company were elected to serve until the Company's 2029 annual meeting of stockholders or until his respective successor has been duly elected and qualified. The voting results were as follows:
|
Director Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
Raja Bobbili |
29,259,720 |
254,060 |
8,184,614 |
|
Mark Ward |
27,774,273 |
1,739,507 |
8,184,614 |
Proposal 3. Stockholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The voting results were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
37,187,233 |
460,418 |
50,743 |
- |
Proposal 4. Stockholders approved, on an advisory basis, the compensation of the Company's named executive officers for the year ended December 31, 2025. The voting results were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
27,555,870 |
1,942,230 |
15,680 |
8,184,614 |
Proposal 5. Stockholders approved a proposal to adjourn the annual meeting, if necessary. The voting results were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
27,970,715 |
1,525,592 |
17,473 |
8,184,614 |