Mister Spex SE
Mister Spex SE
09/20/2024 | Press release | Distributed by Public on 09/19/2024 23:03
Mister Spex SE: Extraordinary General Meeting adopts all resolutions as proposed by the Company’s Boards
Mister Spex SE: Extraordinary General Meeting adopts all resolutions as proposed by the Company's Boards
- 20. Sep. 2024
- Reduction of the Supervisory Board from seven to five members has been approved as part of the SpexFocus restructuring and transformation program and the streamlining of governance.
- Clear majority vote led to the rejection of all counterproposals.
- Resolutions from the Annual General Meeting on June 7, 2024, were all confirmed
- Strong shareholder alignment on the future program "SpexFocus"
At the Extraordinary General Meeting of Mister Spex SE, Europe's leading omnichannel optician, all management proposals were approved. During the virtual meeting, Chairman of the Management Board Stephan Schulz-Gohritz provided shareholders with the results for the first half of 2024, an overview of the restructuring and transformation program, SpexFocus, and outlined the updated guidance for the full year 2024.
Reduction of the Supervisory Board
The General Meeting approved the proposed reduction of the Supervisory Board seats from seven to five. This measure is intended to enhance the efficiency and speed of decision-making while maintaining the Board's competence and quality in supervision and advisory roles. Additionally, the reduction aims to cut costs and streamline corporate governance. The restructuring of the Supervisory Board committees was also confirmed, which is expected to contribute to more focused and effective work within the Board. In this context, the previously separate ESG and Strategy & Transformation Committees were merged into a single unified committee. This newly formed committee will play a crucial role in driving the company's strategic development and ensuring an integrated approach to transformation initiatives.
Confirmation of Formal Resolutions
Another agenda topic was the confirmation of resolutions passed with a large majority at the Annual General Meeting on June 7, 2024. The confirmation became legally necessary after a single shareholder filed a challenge. The shareholders reaffirmed the resolutions passed in June with a large majority, ensuring clarity and stability in the company's future leadership.
All counterproposals submitted by shareholders were rejected by a significant majority of xy %of the votes cast, reflecting strong shareholder confidence in the company's strategic direction and management's proposals.
In his speech, Chairman of the Management Board Stephan Schulz-Gohritz highlighted the significance of these decisions for the future of Mister Spex: "Today's resolutions lay the foundation for a forward-looking strategy focused on profitability and cash flow. In recent months, as part of our 'SpexFocus' transformation and restructuring program, we've already initiated key steps to help us achieve our ambitious goals. These include, in addition to measures for reducing personnel costs, expanding our high-margin premium portfolio, with the introduction of the new SpexPro private label in the premium lens segment. These actions will strengthen our market position and drive long-term profitability."
The Extraordinary General Meeting recorded a high participation rate of xy %of the share capital, underscoring the strong trust shareholders have in the company's strategic direction.
For further information, please visit: Mister Spex Investor Relations
Contact details for journalists:
Mister Spex Corporate Communication
[email protected]
About Mister Spex:
Founded in 2007, Mister Spex SE (together with its subsidiaries, "Mister Spex") is a multi-award-winning company that has become the leading digitally native omnichannel optician in Europe. Mister Spex has been at the forefront of the industry's transformational shift, growing from a pure online player into a successful omnichannel optician with more than 7.1 million customers, 10 online shops across Europe and physical retail stores. A digital native, technology and innovation have always been an integral part of the company's evolution, from 2D to 3D digital frame fitting tools to intelligent browsing functionalities. The focus of Mister Spex is to make eyewear purchase for customers an easy, transparent and fun shopping experience by combining a comprehensive and varied range of high-quality products with optician expertise and services through its customer service, own stores and an extensive network of partner opticians.