Chewy, Inc. (CHWY.US), an online retailer of pet food and other pet-related products, has announced the adoption of a new 2024 Omnibus Incentive Plan, subject to stockholder approval. The plan, which replaces the 2022 Omnibus Incentive Plan, is designed to provide employees, consultants, and directors with cash and equity-based incentive awards to encourage performance and continued service. If approved, the plan will authorize the issuance of up to 83.1 million shares of Class A common stock. Additionally, Chewy has proposed an amendment to its Certificate of Incorporation to exculpate certain officers from personal liability, aligning with recent amendments to Delaware law. This amendment will be effective upon stockholder approval. The company's annual meeting of stockholders is scheduled for July 11, 2024, where these items, among others, will be voted upon. The announcement also includes a reminder that Chewy's financial report for the fiscal year ending February 2, 2025, will be available to stockholders on May 24, 2024.

Chewy, Inc. (CHWY.US), an online retailer of pet food and other pet-related products, has announced the adoption of a new 2024 Omnibus Incentive Plan, subject to stockholder approval. The plan, which replaces the 2022 Omnibus Incentive Plan, is designed to provide employees, consultants, and directors with cash and equity-based incentive awards to encourage performance and continued service. If approved, the plan will authorize the issuance of up to 83.1 million shares of Class A common stock. Additionally, Chewy has proposed an amendment to its Certificate of Incorporation to exculpate certain officers from personal liability, aligning with recent amendments to Delaware law. This amendment will be effective upon stockholder approval. The company's annual meeting of stockholders is scheduled for July 11, 2024, where these items, among others, will be voted upon. The announcement also includes a reminder that Chewy's financial report for the fiscal year ending February 2, 2025, will be available to stockholders on May 24, 2024.