- VTEX (VTEX, Financial) approves key proposals at its 2025 Annual General Meeting.
- Transition to U.S. GAAP from IFRS accounting standards starting January 2025.
- 96.36% of voting power represented at the AGM.
VTEX (VTEX), a leading commerce platform provider, concluded its 2025 Annual General Meeting of shareholders on April 25, 2025, where several significant proposals were approved. One of the key decisions made during the meeting was the re-election of certain members of its Board of Directors, ensuring continuity in leadership.
Another major development was the approval to transition the company's financial reporting standards to U.S. Generally Accepted Accounting Principles (U.S. GAAP) from International Financial Reporting Standards (IFRS), effective from the fiscal year starting January 1, 2025. This move is anticipated to align VTEX's reporting with U.S. market practices, potentially increasing transparency and attracting more investors.
Additionally, the shareholders ratified the financial statements and the auditor’s report for the fiscal year ending December 31, 2024. The AGM saw a substantial 96.36% of the voting power of the company's share capital represented either in person or by proxy, reflecting strong shareholder engagement.
VTEX continues to be a pivotal force in the commerce sector, empowering global brands and retailers across 43 countries with its comprehensive suite of solutions. For more details on the AGM results, interested parties can refer to VTEX’s filings with the SEC available on the EDGAR website.
