ThredUp Inc
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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Growth
Company profile

ThredUp Inc. is an online resale platform for women’s and kids’ apparel, shoes and accessories. The Company’s marketplace enables buyers to browse and purchase resale items primarily women’s and kids’ apparel, shoes and accessories across a range of price points. Its custom-built operating platform consists of distributed processing infrastructure, software and systems and data science expertise. The Company’s subsidiaries include ThredUp Intermediary Holdings LLC, Knitwit GC LLC, ThredUp CF LLC, thredUP Circular Fashion Fund Inc. and Remix Global EAD.

Postmarket

Last Trade
Delayed
$2.69
0.13 (5.08%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$2.56
Day's Change
-0.16 (-5.88%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
2.71
Day's Low
2.49
Volume
(Light)
Volume:
1,316,779

10-day average volume:
2,891,823
1,316,779

Berkshire shareholders reject proposal to remove Warren Buffett as chairman

10:31 pm ET May 4, 2022 (MarketWatch)
Print

By Mike Murphy

Warren Buffett isn't going anywhere.

In a filing Wednesday with the Securities and Exchange Commission, Berkshire Hathaway Inc. (BRKA)(BRKA) disclosed that a shareholder measure that would have removed him as chairman was overwhelmingly rejected.

The proposal, which called for an independent chair, received only 54,425 votes (about 11%) to 448,868 against (89%), according to the filing. The measure from the National Legal and Policy Center -- and supported by CalPERS, the country's largest state public pension fund -- argued that there is weaker corporate governance when the same person hold the CEO and chairman titles.

Read:Dump Buffett as Berkshire's chairman? That's exactly what's wrong with so many shareholder proposals this year

Buffett, 91, became CEO of Berkshire in 1965, and has been chairman since 1970.

Three other shareholder measures, including one to require more transparency into the conglomerate's climate-related risks and opportunities, also failed by wide margins, according to the filing.

Berkshire held its annual shareholders meeting Saturday in Omaha, Neb.

-Mike Murphy

	

(END) Dow Jones Newswires

May 04, 2022 22:31 ET (02:31 GMT)

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