Klaviyo Files 2024 Proxy Statement

Ticker: KVYO · Form: DEF 14A · Filed: 2024-04-25T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, annual-meeting, governance

TL;DR

Klaviyo's 2024 proxy statement is out for the June 11th meeting. Get ready to vote.

AI Summary

Klaviyo, Inc. filed its definitive proxy statement on April 25, 2024, for its annual meeting on June 11, 2024. The filing, designated as DEF 14A, outlines the company's governance and shareholder matters. Klaviyo, Inc. is headquartered at 125 Summer Street, Boston, MA, and operates in the pre-packaged software industry.

Why It Matters

This filing provides shareholders with crucial information regarding the company's leadership, executive compensation, and voting matters ahead of the annual meeting, enabling informed participation in corporate governance.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that details standard corporate governance and shareholder meeting information.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of a DEF 14A filing?

A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming shareholder meeting, providing details on matters to be voted upon, director nominees, executive compensation, and other corporate governance issues.

When is Klaviyo, Inc.'s annual shareholder meeting scheduled?

Klaviyo, Inc.'s annual shareholder meeting is scheduled for June 11, 2024.

What is the filing date of this proxy statement?

This definitive proxy statement was filed on April 25, 2024.

Where is Klaviyo, Inc. headquartered?

Klaviyo, Inc. is headquartered at 125 Summer Street, Floor 6, Boston, MA 02110.

What is the SIC code for Klaviyo, Inc.?

The Standard Industrial Classification (SIC) code for Klaviyo, Inc. is 7372, which corresponds to Services-Prepackaged Software.

From the Filing

0001835830-24-000042.txt : 20240425 0001835830-24-000042.hdr.sgml : 20240425 20240425163411 ACCESSION NUMBER: 0001835830-24-000042 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20240611 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Klaviyo, Inc. CENTRAL INDEX KEY: 0001835830 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-41806 FILM NUMBER: 24876948 BUSINESS ADDRESS: STREET 1: 125 SUMMER STREET, FLOOR 6 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 800-338-1744 MAIL ADDRESS: STREET 1: 125 SUMMER STREET, FLOOR 6 CITY: BOSTON STATE: MA ZIP: 02110 DEF 14A 1 kvyo-def14aproxystatement.htm DEF 14A Document 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 x Filed by a Party other than the Registrant   o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) x Definitive Proxy Statement o Definitive Additional Materials o Soliciting Material under § 240.14a-12 Klaviyo, 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 all boxes that apply) x No fee required. o Fee paid previously with preliminary materials. o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Klaviyo, Inc. 125 Summer Street, 6th Floor Boston, Massachusetts 02110 April 25, 2024 Fellow owners of Klaviyo: Since we founded Klaviyo twelve years ago, we’ve built software to help the world’s creators grow their businesses and own their destiny. As a company, we’re focused on delivering real economic value for our customers, and having that translate into a durable growth business with a strong financial profile. 2023 was another year of progress toward this vision and we are excited to welcome many new owners of Klaviyo. We ended the year with over 143,000 customers, and more importantly, we helped our customers drive over $50 billion in economic value – or Klaviyo Attributed Value, as we like to say. Our customers’ success fueled our strong financial results. We’re committed to driving rapid growth, at scale, with efficient unit economics, and this was another year that we executed upon that. We drove 48% year over year growth in revenue by delivering over $698 million in revenue and generated $119 million in operating cash flow. We believe there is an opportunity to build a generational company that provides consumer-facing businesses with software that helps them autonomously grow. By ingesting product and consumer data, this platform can inform performance, suggest enhancements, and take action, empowering customers to generate more revenue. As we look into the coming years, we’re focused on continuing to build out the applications and infrastructure that will deliver on this to businesses around the world, from entrepreneurs just starting out to iconic enterprises. Throughout this journey we will continue our customer-first mindset, build remarkable products they rave about, and cultivate the partner ecosystem to make them successful. We have been fortunate to meet many of our new shareholders this past year, and I am pleased to invite you to attend our inaugural annual meeting as a public company. The annual meeting will be a virtual stockholder meeting, conducted via live webcast at http://www.virtualshareholdermeeting.com/KVYO2024 on Tuesday, June 11, 20

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