Savers Value Village, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Savers Value Village, Inc. invites stockholders to its first virtual Annual Meeting on June 5, 2024.</b>

AI Summary

Savers Value Village, Inc. (SVV) filed a Proxy Statement (DEF 14A) with the SEC on April 22, 2024. Savers Value Village, Inc. will hold its 2024 Annual Meeting of Stockholders on June 5, 2024, at 9 A.M. Pacific Time. The meeting will be conducted exclusively in a virtual format to ensure stockholder access regardless of location. This marks Savers Value Village's first Annual Meeting as a public company. The company is utilizing the internet to furnish proxy materials, sending a Notice of Internet Availability instead of printed copies. This approach aims to reduce environmental impact and costs associated with printing and distribution.

Why It Matters

For investors and stakeholders tracking Savers Value Village, Inc., this filing contains several important signals. The virtual format allows for broader stockholder participation and accessibility. Utilizing internet distribution of proxy materials demonstrates a commitment to cost efficiency and environmental sustainability.

Risk Assessment

Risk Level: low — Savers Value Village, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Stockholders should review the proxy materials to understand voting procedures and proposals for the upcoming annual meeting.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
• June 5 — Annual Meeting Date (Wednesday, June 5, 2024)
• 9 A.M. — Annual Meeting Time (9 A.M. Pacific Time)
• 2023 — Fiscal Year End (fiscal year ended December 30, 2023)

Key Players & Entities

• Savers Value Village, Inc. (company) — Registrant name
• 2024 Annual Meeting of Stockholders (event) — Meeting name
• June 5, 2024 (date) — Meeting date
• 9 A.M. Pacific Time (time) — Meeting time
• Securities Exchange Act of 1934 (regulation) — Governing act for proxy statement
• December 30, 2023 (date) — Fiscal year end

FAQ

Industry Context

Savers Value Village operates in the for-profit thrift industry, a segment focused on reselling used goods.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy materials for details on voting procedures and any proposals.
2. Participate in the virtual annual meeting on June 5, 2024, to exercise voting rights.
3. Note the company's use of internet distribution for proxy materials as a cost-saving and environmental measure.

Key Dates

• 2024-06-05: 2024 Annual Meeting of Stockholders — First annual meeting as a public company, held virtually.
• 2023-12-30: Fiscal Year End — End date for the fiscal year covered by the Annual Report.

Glossary

Proxy Statement

A document filed with the SEC that contains information that a company must provide to shareholders before their annual meeting. (Provides details on meeting agenda, voting matters, and executive compensation.)

Notice of Internet Availability of Proxy Materials

A notice sent to stockholders informing them that proxy materials are available online. (Indicates the company's strategy to reduce printing and mailing costs.)

Year-Over-Year Comparison

This is the company's first proxy statement as a public entity, following its IPO.

Filing Documents

• ny20016805x1_def14a.htm (DEF 14A) — 1418KB
• logo_savers.jpg (GRAPHIC) — 22KB
• ny20016805x1_akonold.jpg (GRAPHIC) — 56KB
• ny20016805x1_arosen.jpg (GRAPHIC) — 45KB
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• ny20016805x1_mwalshx1.jpg (GRAPHIC) — 49KB
• ny20016805x1_one.jpg (GRAPHIC) — 7KB
• ny20016805x1_pc01.jpg (GRAPHIC) — 627KB
• ny20016805x1_pc02.jpg (GRAPHIC) — 430KB
• ny20016805x1_person.jpg (GRAPHIC) — 5KB
• ny20016805x1_rcollver.jpg (GRAPHIC) — 62KB
• ny20016805x1_sofarrell.jpg (GRAPHIC) — 50KB
• ny20016805x1_three.jpg (GRAPHIC) — 7KB
• ny20016805x1_two.jpg (GRAPHIC) — 7KB
• ny20016805x1_wtallenx2.jpg (GRAPHIC) — 43KB
• ny20016805x999_dwoods.jpg (GRAPHIC) — 55KB
• ny20016805x999_tick.jpg (GRAPHIC) — 4KB
• ny20016805x1_companyx1.jpg (GRAPHIC) — 590KB
• ny20016805x1_piecharts0x1.jpg (GRAPHIC) — 176KB
• logo_savers02x1.jpg (GRAPHIC) — 36KB
• ny20016805x999_four.jpg (GRAPHIC) — 7KB
• ny20016805x999_one.jpg (GRAPHIC) — 7KB
• ny20016805x999_three.jpg (GRAPHIC) — 7KB
• ny20016805x999_two.jpg (GRAPHIC) — 7KB
• sig_arosenx1.jpg (GRAPHIC) — 18KB
• sig_rmedwayx1.jpg (GRAPHIC) — 13KB
• 0001140361-24-021018.txt (&nbsp;) — 8554KB
• svv-20240605.xsd (EX-101.SCH) — 5KB
• svv-20240605_def.xml (EX-101.DEF) — 6KB
• svv-20240605_lab.xml (EX-101.LAB) — 11KB
• svv-20240605_pre.xml (EX-101.PRE) — 5KB
• ny20016805x1_def14a_htm.xml (XML) — 132KB

From the Filing

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant CHECK THE APPROPRIATE BOX: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under 240.14a-12 Savers Value Village, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) PAYMENT OF FILING FEE (CHECK THE APPROPRIATE BOX): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 TABLE OF CONTENTS To Our Stockholders It is my pleasure to invite you to attend the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of Savers Value Village, Inc. (the "Company", "Savers", "Savers Value Village", "we", "us" or "our") at 9 A.M. Pacific Time on Wednesday, June 5, 2024. To ensure stockholder access regardless of location, the Annual Meeting will be held in a virtual meeting format only. Our first Annual Meeting is the culmination of an exciting year for Savers Value Village, our first as a public company. Our entire team, including my fellow members of the Board of Directors ("Board"), welcomes all of our new stockholders to the Savers Value Village family. I have been privileged to be part of the Savers Value Village Board for five years and have seen this Company drive remarkable growth, as the scaled leader in the for-profit thrift industry in North America. We are pleased to make use of the process that permits companies to furnish proxy materials over the Internet, as authorized by Securities and Exchange Commission rules. We believe this approach facilitates stockholders' receipt of proxy materials, while reducing both the environmental impact and costs of printing and distributing our proxy materials. We are mailing to most of our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") instead of a printed copy of our proxy materials. The Notice contains instructions on how to vote online or by telephone, as well as how to access our proxy materials, including our Proxy Statement and our Annual Report to Stockholders for the fiscal year ended December 30, 2023, and instructions on how to request a printed copy of our proxy materials. Stockholders who do not receive a Notice will receive a printed copy of the proxy materials by mail. Our Board is confident in the future success of Savers Value Village, which is underpinned by the Company's mission to champion reuse and inspire a future where secondhand is second nature. On behalf of our team members and directors, I thank you for your continued support of our Company. Aaron M. Rosen Chairperson of the Board April 22, 2024 TABLE OF CONTENTS Notice of Annual Meeting of Stockholders Date: June 5, 2024 Time: 9 A.M. Pacific Time (PT) Place: www.virtualshareholder- meeting.com/SVV2024 YOUR VOTE IS IMPORTANT. PLEASE VOTE ONE OF THE FOLLOWING WAYS: Mail: Sign and Return Proxy Card Online: at www.proxyvote.com Phone: 1-800-690-6903 Virtual Meeting: JUNE 5 at: 9 A.M. Pacific Time (PT) This proxy statement, the proxy card, and the Annual Report to Stockholders for our fiscal year ended December 30, 2023 ("fiscal 2023") are being first mailed to stockholders on or about the date of the notice of meeting, April 22, 2024. Important notice regarding the availability of proxy materials for the annual meeting to be held on June 5, 2024: this Proxy Statement and annual report on form 10-K for fiscal 2023 are available at http://www.proxyvote.com. To Our Stockholders Attending the Stockholders' Meeting Virtual Stockholders' Meeting at: www.virtualshareholdermeeting.com/SVV2024 The 2024 Annual Meeting of Stockholders of Savers Value Village, Inc. will be held in a virtual-only meeting format, solely by means of remote communication on Wednesday, June 5, 2024, at 9 A.M. Pacific Time (PT) to vote on the items listed below. Please see General Information Concerning Voting and Attending the Annual Meeting on p. 50 of this Proxy Statement for additional information about how to join and vote at the meeting. We encourage you to vote your proxy before the Annual Meeting. Who Can Vote Stockholders of record at the close of business on April 8, 2024 are entitled to notice of, and entitled to vote at, the Annual Meeting and any adjournments or postponements of that meeting. Items of Business The items to be voted on are as follows: To elect three Class I directors, each to serve for a three-year term; To ratify KPMG LLP as the Company's independent certified public accountants for the fiscal

View Full Filing

View this DEF 14A filing on SEC EDGAR