iRobot Corporation, a leader in consumer robotics, has announced its annual meeting of stockholders to be held virtually on May 23, 2024. The meeting will address several key proposals, including amendments to the company's Certificate of Incorporation to eliminate supermajority voting requirements, declassify the board of directors, and allow stockholders to call special meetings. Additionally, an amendment to the 2018 Stock Option and Incentive Plan will be proposed to increase the number of shares available for issuance. The meeting will also feature a non-binding advisory vote on executive compensation and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal 2024. These proposals come after the termination of a proposed acquisition by Amazon, with the board of directors and management team focusing on aligning the company's governance and compensation practices with shareholder interests and market standards.

iRobot Corporation, a leader in consumer robotics, has announced its annual meeting of stockholders to be held virtually on May 23, 2024. The meeting will address several key proposals, including amendments to the company's Certificate of Incorporation to eliminate supermajority voting requirements, declassify the board of directors, and allow stockholders to call special meetings. Additionally, an amendment to the 2018 Stock Option and Incentive Plan will be proposed to increase the number of shares available for issuance. The meeting will also feature a non-binding advisory vote on executive compensation and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal 2024. These proposals come after the termination of a proposed acquisition by Amazon, with the board of directors and management team focusing on aligning the company's governance and compensation practices with shareholder interests and market standards.