INTUIT INC
For the period ended Jan 23, 2025. Filed Nov 27, 2024.
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Jan 23, 2025 · Filed Nov 27, 2024
INTU$341.50-3.8%Stored close · as of Nov 6, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrantþ
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)) |
| þ | Definitive Proxy Statement |
| ¨ | Definitive Additional Materials |
| ¨ | Soliciting Material under § 240.14a-12 |
INTUIT 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):
| þ | 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. |
| MISSION | Powering Prosperity Around the World |
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| VALUES | Integrity Without Compromise | Courage | Customer Obsession | Stronger Together | We Care and Give Back |
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| BOLD 2030GOALS | ProsperityDouble household savings rate and improve business success rate >20 points versus industry | ReputationBest-in-class Most Trusted Company | Growth200M+ customers and accelerating revenue growth |
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| TRUENORTHGOALS | EmployeesEmpower the world's top talent to do the best work of their lives | CustomersDelight customers by solving the problems that matter most | CommunitiesMake a difference in the communities we serve | ShareholdersDrive long-term growth, increasing shareholder value |
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| STRATEGY | Al-Driven Expert PlatformMore Money. No Work. Complete Confidence. |
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| BIG BETS | Revolutionize speed to benefit | Connect people to experts | Unlock smart money decisions | Be the center of small business growth | Disrupt the mid-market |
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Notice of 2025 Annual Meeting of Stockholders
Agenda and Board Recommendations
| 0 | DATE AND TIMEThursday, January 23, 20258:00 a.m. Pacific Standard Time | |||
| 1 | Election of 13 directors | FOR (all nominees) Page 25 | ||
| 2 | Advisory vote to approve Intuit’s executive compensation (say on-pay) | FOR Page 39 | ||
| 3 | Ratification of selection of Ernst & Young LLP as Intuit’s independent registered public accounting firm | FOR Page 79 | ||
| 4 | Approval of an amendment to our Certificate of Incorporation to limit the liability of certain officers in accordance with recent Delaware law amendments | FOR Page 82 | ||
| How to VoteOnline at the Meeting: Attend the Meeting virtually at www.virtualshareholdermeeting.com/INTU2025 and follow the instructions on the websiteOnline Before the Meeting: Visit www.proxyvote.comMail: Sign, date, and return your proxy card in the enclosed envelopeTelephone: Call the telephone number on your proxy cardNote for Street-Name Holders: If you hold your shares through a broker, bank or other nominee, you must instruct your nominee how to vote the shares held in your account. The nominee will give you a Notice of Internet Availability or voting instruction form. If you do not provide voting instructions, your nominee will not be permitted to vote on certain proposals and may elect not to vote on any of the proposals. Voting your shares will help to ensure that your interests are represented at the Meeting. | ||||
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| We also will consider any other matters that may properly be brought before the 2025 Annual Meeting of Stockholders (“Meeting”) (and any postponements or adjournments of the Meeting). As of the date of this proxy statement, we have not received notice of any such matters.Annual Meeting of StockholdersThursday, January 23, 20258:00 a.m. Pacific Standard TimeWe invite you to attend the Meeting of Intuit Inc. The Meeting will be conducted virtually via live audio webcast. There will not be a physical location for our Meeting. To attend, vote or submit questions, stockholders of record should go to www.virtualshareholdermeeting.com/INTU2025 and log in using the control number on their Notice of Internet Availability or proxy card. Beneficial owners of shares held by a broker, bank or other nominee (“street-name holders”) should review these proxy materials and their Notice of Internet Availability or voting instruction form for how to vote in advance of and participate in the Meeting. We encourage you to join the Meeting 15 minutes before the start time.A recording of the webcast will be available on our investor relations website for at least 60 days following the Meeting.Stockholders at the close of business on November 25, 2024, are entitled to receive notice of, and to vote at, the Meeting and any and all adjournments, continuations or postponements thereof. If we experience a technical malfunction or other situation that the Meeting chair determines may affect our ability to satisfy the requirements for a virtual meeting of stockholders under the Delaware General Corporation Law, or that otherwise makes it advisable to adjourn the Meeting, the Chair of the Meeting will convene the Meeting at 9:00 a.m. Pacific Standard Time on January 23, 2025, and at our principal executive offices, solely for the purpose of adjourning the Meeting to reconvene at a date, time and physical or virtual location to be announced. If we adjourn the Meeting, we will post information regarding the rescheduled Meeting on the investor relations section of our website at investors.intuit.com. Your vote is important. Please vote as promptly as possible.Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to Be Held on January 23, 2025: Both the proxy statement and Intuit’s Annual Report on Form 10-K for the fiscal year ended July 31, 2024, are available electronically at https://investors.intuit.com/sec-filings and www.proxyvote.com.This Notice of Annual Meeting, the Internet Availability of Proxy Materials and the Proxy Statement and Annual Report on Form 10-K of Intuit are being distributed or made available, as the case may be, on or about November 27, 2024. By order of the Board of Directors,Kerry J. McLeanExecutive Vice President, General Counsel and Corporate SecretaryMountain View, CaliforniaNovember 27, 2024 | ||||
| A Letter to Our Stockholders | |
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| a | November 27, 2024Dear fellow Intuit stockholders:Artificial Intelligence (AI) is changing the world at an incredible pace and igniting innovation across all sectors. Soon, everything we do will be powered by AI, from buying groceries and driving cars, to getting medical care and completing work tasks. The impact of AI on our financial lives will also be transformative—and it's already changing how Intuit serves customers, enabling them to make more money with less work and have complete confidence in every financial decision they make.Intuit is at a critical moment in our history. We have consistently disrupted and reinvented ourselves, evolving Intuit’s strategy to be a global AI-driven expert platform. We bet early on AI, and today our scale of data and AI capabilities, network of experts, and robust ecosystem of products and services are Intuit’s unique advantage. With the introduction of generative AI (GenAI), we’re transforming how we serve our customers, delivering done-for-you experiences where we do the hard work for them and provide access to AI-powered expertise to fuel their success. Our strong performance in FY24 reflects Intuit’s transformation from a tax and accounting company to a global financial technology platform that’s driving durable growth at scale. We grew full-year revenue 13%, demonstrating that our strategy and five Big Bets are solving our customers’ biggest problems and delivering on our mission to power prosperity around the world.Intuit is in a position of strength; we have the strategy and momentum we need to succeed. We’re accelerating innovation and investments in the areas that are most important to our future success. By bringing professional-grade experiences to small businesses and expanding our mid-market offerings to serve larger and more complex businesses, we are creating significant new growth opportunities for Intuit. We’re delivering a seamless, connected consumer financial platform that customers can benefit from year-round, not just at tax time. And we’re extending our relationships and engagement across product lines to better serve customers and scale our penetration of key growth segments. At Intuit, we believe everyone deserves the opportunity to prosper and we hold ourselves accountable by setting measurable True North Goals. We provide economic opportunities to underserved communities through our job creation and job readiness initiatives. We continue to invest in opportunities to make a positive impact on climate for the communities we serve. And we’re proud of our commitment and progress over time to attract, retain, and develop a workforce that reflects the diversity of our customers. Every day, our more than 18,000 global employees bring a passion for solving the problems that matter most to our customers. With a massive runway ahead, there’s no limit to how far we’ll go.Sasan K. GoodarziPresident and Chief Executive OfficerIntuit Inc. |
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