Summary by Futu AI
Pinterest, Inc. has filed its definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) for its upcoming annual meeting of stockholders. The company's CEO, Bill Ready, highlighted Pinterest's commitment to its mission and core values, emphasizing the platform's role as a positive space in the social media landscape. Despite economic challenges, Pinterest achieved significant growth in 2023, with $3 billion in revenue and an 11% increase in monthly active users. The company also focused on product innovation and ESG goals, including mental health initiatives and the Inspired Internet Pledge. The annual meeting is scheduled for May 23, 2024, where stockholders will vote on the election of three Class II directors, the compensation of named executive officers, and the ratification of Ernst & Young LLP as the independent auditor for 2024.