The Trade Desk Announces Approval of All Proposals from the Special Meeting of Stockholders
December 22 2020 - 5:00PM
Business Wire
The Trade Desk, Inc. (NASDAQ: TTD), a global advertising
technology leader, announced that all proposals from the Company’s
special meeting of stockholders, held on Tuesday, December 22,
2020, were approved.
The five proposals voted on at today’s meeting related to the
Company’s dual class structure, including the establishment of a
latest termination date for the structure, as well as other
corporate governance enhancements.
Each proposal required the affirmative vote of the holders of at
least 66 2/3% of the voting power of the Company’s outstanding
shares entitled to vote. The Company adhered to the “MFW” standard
that required a majority vote of the Class A holders (Majority of
the Minority Approval) as of the October 20, 2020 record date.
These proposals are described in more detail in the Company’s
proxy statement filed with the U.S. Securities and Exchange
Commission dated October 27, 2020.
“We would like to thank all of the institutions and individuals
who took the time to discuss and consider our proposals. We are
pleased to have received overwhelming support from the Class A
shareholders that voted on the Company’s five proposals,” said Lise
Buyer, Director, Chair of the Special Committee, of The Trade Desk.
“Implementation of these proposals will help the Company continue
to invest in and innovate for the long-term, and build on our
industry leadership.”
About The Trade Desk
The Trade Desk™ is a technology company that empowers buyers of
advertising. Through its self-service, cloud-based platform, ad
buyers can create, manage, and optimize digital advertising
campaigns across ad formats and devices. Integrations with major
data, inventory, and publisher partners ensure maximum reach and
decisioning capabilities, and enterprise APIs enable custom
development on top of the platform. Headquartered in Ventura, CA,
The Trade Desk has offices across North America, Europe, and Asia
Pacific. To learn more, visit thetradedesk.com or follow us on
Facebook, Twitter, LinkedIn and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20201222005691/en/
Investors Chris Toth Vice President Investor Relations, The
Trade Desk ir@thetradedesk.com 310-334-9183
Media Ian Colley Vice President Public Relations, The Trade Desk
ian.colley@thetradedesk.com 914-434-3043
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