BuzzFeed, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>BuzzFeed, Inc. invites stockholders to its virtual 2024 Annual Meeting on April 25th, urging them to vote by proxy.</b>

AI Summary

BuzzFeed, Inc. (BZFDW) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. BuzzFeed, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on April 25, 2024, at 2:00 p.m. Eastern Time. The meeting will be accessible via https://www.cstproxy.com/buzzfeed/2024. Stockholders are urged to vote by Internet or by returning a proxy card. The proxy materials, including the proxy statement and annual report, are available at the same URL. The company is filing a Definitive Proxy Statement (DEF 14A) on April 11, 2024.

Why It Matters

For investors and stakeholders tracking BuzzFeed, Inc., this filing contains several important signals. This filing is a routine proxy statement, indicating standard corporate governance procedures are being followed. The virtual format of the meeting suggests a focus on accessibility and potentially cost-efficiency for stockholder engagement.

Risk Assessment

Risk Level: low — BuzzFeed, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) with no new financial data or significant corporate actions disclosed, indicating low immediate risk.

Analyst Insight

Stockholders should review the proxy materials and cast their votes by the meeting date to ensure their participation in corporate governance.

Key Numbers

• April 25, 2024 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)
• 2:00 p.m. Eastern Time — Annual Meeting Time (Time of the 2024 Annual Meeting of Stockholders.)
• 2024-04-11 — Filing Date (Date the Definitive Proxy Statement was filed.)

Key Players & Entities

• BuzzFeed, Inc. (company) — Registrant and filer of the proxy statement.
• Jonah Peretti (person) — Founder, CEO and Chairman of the Board of BuzzFeed, Inc.
• April 25, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• 2024 (date) — Year of the Annual Meeting.
• 2024-04-11T00:00:00.000Z (date) — Filing date of the proxy statement.
• https://www.cstproxy.com/buzzfeed/2024 (url) — URL for the virtual annual meeting and proxy materials.

FAQ

Industry Context

BuzzFeed, Inc. operates in the digital media and news industry, relying on advertising and subscription revenue. This filing pertains to standard corporate governance for publicly traded companies.

Regulatory Implications

This filing is a Definitive Proxy Statement (DEF 14A) under the Securities Exchange Act of 1934, requiring public disclosure of information for soliciting stockholder votes.

What Investors Should Do

1. Review the proxy statement and annual report for details on proposals and director nominees.
2. Cast your vote by Internet or mail before the Annual Meeting on April 25, 2024.
3. Attend the virtual Annual Meeting at https://www.cstproxy.com/buzzfeed/2024 to participate directly.

Key Dates

• 2024-04-25: 2024 Annual Meeting of Stockholders — Key date for stockholders to vote and participate in corporate decisions.
• 2024-04-11: Filing of Definitive Proxy Statement — Indicates the availability of proxy materials for stockholder review.

Year-Over-Year Comparison

This is a routine DEF 14A filing for the annual meeting, similar to previous years, providing notice and soliciting votes.

Filing Documents

• buzzfeedinc2024definitivep.htm (DEF 14A) — 658KB
• a1.jpg (GRAPHIC) — 1KB
• a187389buzzfeedproxycardre.jpg (GRAPHIC) — 888KB
• a187389buzzfeedproxycardrea.jpg (GRAPHIC) — 248KB
• a2.jpg (GRAPHIC) — 1KB
• davidarroyo.jpg (GRAPHIC) — 61KB
• image_4.jpg (GRAPHIC) — 15KB
• jonah-sigxblackxcmyk.jpg (GRAPHIC) — 73KB
• pic78.jpg (GRAPHIC) — 2KB
• 0001828972-24-000079.txt (&nbsp;) — 2409KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 36

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 39 EQUITY COMPENSATION PLAN INFORMATION 45 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 46 ADDITIONAL INFORMATION 49 OTHER MATTERS 51 PROXY STATEMENT SUMMARY This summary highlights information contained elsewhere in this proxy statement. You should read the entire proxy statement before voting. Meeting Agenda and Voting Recommendations BOARD'S RECOMMENDATION "FOR" this Proposal PROPOSAL NO. 1 ELECTION OF DIRECTORS We are asking our stockholders to elect one Class III director for a three-year term expiring at the 2027 annual meeting of stockholders and until such director's successor is duly elected and qualified or until such director's earlier death, resignation, disqualification, or removal. The table below sets forth information with respect to our nominee, who is currently serving as a director. Additional information about our director nominee and his qualifications can be found under the section entitled "Proposal No. 1 Election of Directors—Nominee to Our Board of Directors." Name Age Director Since Greg Coleman 69 December 2021 PROPOSAL NO. 2 BOARD'S RECOMMENDATION "FOR" this Proposal AUTHORIZATION OF REVERSE STOCK SPLIT We are asking our stockholders to grant discretionary authority to our board of directors to (1) amend our second amended and restated certificate of incorporation, as amended, to combine outstanding shares of each of our Class A common stock and Class B common stock into a lesser number of outstanding shares of Class A common stock and Class B common stock, as the case may be, at a specific ratio within a range of one-for-two (1-for-2) to a maximum of a one-for-twenty five (1-for-25) split, with the exact ratio to be determined by our board of directors in its sole discretion and (2) effect such reverse stock split, if at all, within one year of the date the proposal is approved by our stockholders. Additional information can be found under the section titled "Proposal

View Full Filing

View this DEF 14A filing on SEC EDGAR