AutoZone, Inc. Announces Results of 2024 Annual Shareholders Meeting

AutoZone, Inc. (NYSE: AZO) recently disclosed the outcomes of its 2024 Annual Meeting of Shareholders held on December 18, 2024. The meeting culminated in several significant decisions marked by majority shareholder approval.

Under Proposal 1, shareholders elected nine directors, each to serve until the next Annual Meeting of Shareholders in 2025. All nominees received more “for” votes than “against” votes. The appointed directors include Philip B. Daniele, III, Michael A. George, Linda A. Goodspeed, Earl G. Graves, Jr., Brian P. Hannasch, Gale V. King, George R. Mrkonic, Jr., William C. Rhodes, III, and Jill A. Soltau.

In Proposal 2, the shareholders ratified Ernst & Young LLP as AutoZone’s independent registered public accounting firm for the fiscal year 2025. The vote in favor of this appointment was evident, with 13,823,846 votes for, 1,312,942 against, and 20,888 abstentions.

Additionally, Proposal 3 obtained shareholder approval on a non-binding basis for the compensation of AutoZone’s named executive officers. The breakdown showed 12,708,684 votes for, 1,474,939 against, and 39,260 abstentions.

Furthermore, Proposal 4, which aimed at reducing the ownership threshold to call a special shareholder meeting to 25%, received affirmative shareholder support. The vote tallied 12,792,060 in favor, 1,415,799 against, and 15,024 abstentions.

However, Proposal 5, a shareholder proposal to decrease the ownership threshold for calling a special meeting to 10%, did not receive approval. The results showed 6,313,259 votes for, 7,889,327 against, and 20,297 abstentions.

AutoZone, Inc.’s 2024 Annual Shareholders Meeting reflected active shareholder involvement in critical decision-making processes. The company diligently adhered to the requirements of the Securities Exchange Act of 1934 in disclosing the conclusive results of the meeting on December 20, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AutoZone’s 8K filing here.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.