Grove Collaborative Holdings, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Grove Collaborative Holdings, Inc. is holding its 2024 Annual Meeting of Stockholders virtually on May 23, 2024, to elect directors and ratify auditors.</b>

AI Summary

Grove Collaborative Holdings, Inc. (GROVW) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. The 2024 annual meeting of stockholders for Grove Collaborative Holdings, Inc. will be held virtually on May 23, 2024. The meeting will include the election of two Class II directors for terms until the 2027 annual meeting. Stockholders will vote on ratifying the appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ended December 31, 2024. Proxy materials will be made available via the Internet, with a Notice of Internet Availability mailed around April 12, 2024. The meeting will be conducted virtually at https://www.cstproxy.com/grovecollaborative/2024, allowing electronic participation and voting.

Why It Matters

For investors and stakeholders tracking Grove Collaborative Holdings, Inc., this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating the company is formally soliciting votes from its shareholders for the upcoming annual meeting. The virtual format and 'Notice and Access' method for distributing proxy materials suggest efforts to streamline the shareholder communication process and potentially reduce costs.

Risk Assessment

Risk Level: low — Grove Collaborative Holdings, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information that would indicate immediate high risk.

Analyst Insight

Stockholders should review the proxy materials to understand the director nominees and the ratification of the independent auditor before the May 23, 2024 meeting.

Key Numbers

• 2024-05-23 — Annual Meeting Date (Date of the 2024 annual meeting of stockholders.)
• 2027 — Director Term End (Year until which elected Class II directors will hold office.)
• 2024-12-31 — Fiscal Year End (The fiscal year for which Ernst & Young LLP is proposed as auditor.)
• 2024-04-12 — Notice Mailing Date (Approximate date for mailing the Notice of Internet Availability of Proxy Materials.)

Key Players & Entities

• Grove Collaborative Holdings, Inc. (company) — Registrant and filer of the proxy statement.
• May 23, 2024 (date) — Date of the Annual Meeting of Stockholders.
• Ernst & Young LLP (company) — Nominated as the Company's independent registered public accounting firm.
• April 12, 2024 (date) — Approximate date the Notice of Internet Availability of Proxy Materials will be mailed.
• Class II director (title) — Nominees for election to hold office until the 2027 annual meeting.
• Virgin Group Acquisition Corp. II (company) — Former name of Grove Collaborative Holdings, Inc.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Format [low — operational]: Conducting the annual meeting virtually may impact stockholder participation and engagement.
• Auditor Appointment [low — financial]: The ratification of Ernst & Young LLP as independent auditor is a standard procedural item.

Key Dates

• 2024-05-23: Annual Meeting of Stockholders — Key date for voting on director nominees and auditor ratification.
• 2024-04-12: Mailing of Notice of Internet Availability of Proxy Materials — Indicates when shareholders can access proxy materials online.

Key Financial Figures

• $700 million — that is held by non-affiliates exceeds $700 million as of any June 30 before that time or i
• $1.235 billion — or if we have annual gross revenues of $1.235 billion or more in any fiscal year, we would ce
• $0.0001 — mpany's Class A common stock, par value $0.0001 per share ("Class A Common Stock") and

Filing Documents

• a2024proxystatement.htm (DEF 14A) — 536KB
• grovelogo.jpg (GRAPHIC) — 199KB
• image.jpg (GRAPHIC) — 71KB
• page1.jpg (GRAPHIC) — 189KB
• page2.jpg (GRAPHIC) — 173KB
• 0001628280-24-015008.txt (&nbsp;) — 1408KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 16 202 3 Co mpensation of Named Executive Officers 16 2023 Summary Compensation Table 18 Outstanding Equity Awards at 2023 Fiscal Year-End 19 Additional Narrative Disclosure 20 DIRECTOR COMPENSATION 21 SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS 23 REPORT OF THE AUDIT COMMITTEE 24 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 25

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 28 STOCKHOLDER PROPOSALS 31 COMMUNICATIONS WITH THE BOARD OF DIRECTORS 31 HOUSEHOLDING OF PROXY MATERIALS 32 OTHER MATTERS 32 GROVE COLLABORATIVE HOLDINGS, INC. 1301 Sansome Street San Francisco, CA 94111 (800) 231-8527 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 23, 2024 GENERAL INFORMATION The board of directors of Grove Collaborative Holdings, Inc. ("we," "us," "our," the "Company" or "Grove") is soliciting proxies to be used at our Annual Meeting of Stockholders to be held solely via webcast at httpswww.cstproxy.comgrovecollaborative2024 on May 23, 2024 at 800 a.m., Pacific Time, and for any postponement, adjournment or continuation thereof (the "Annual Meeting"). Grove intends to mail a Notice of Internet Availability of Proxy Materials to all stockholders entitled to vote at the Annual Meeting on or about April 12, 2024. As background relevant to certain portions of this Proxy Statement, on June 16, 2022 (the "Closing Date") Grove consummated previously announced transactions (the "Merger") contemplated by the Agreement and Plan of Merger dated December 7, 2021, amended and restated on March 31, 2022 (the "Merger Agreement"), among Virgin Group Acquisition Corp. II, a blank check company incorporated as a Cayman Islands exempted company in 2020 ("VGAC II"), Treehouse Merger Sub, Inc. ("VGAC II Merger Sub I"), Treehouse Merger Sub II, LLC ("VGAC II Merger Sub II") and Grove Collaborative, Inc. ("Legacy Grove"). In connection with the Merger, VGAC II changed its jurisdiction of incorporation from the Cayman Islands to the State of Delaware and changed its name to Grove Collaborative Holdings, Inc. (the "Domestication"), a public benefit corporation. On the Closing Date, VGAC II Merger Sub I merged with and into Legacy Grove with Legacy Grove being the surviving corporation and a wholly-owned subsidiary of the Company (the "Initial Merger"

View Full Filing

View this DEF 14A filing on SEC EDGAR