Savers Value Village Inc
For the period ended Jun 5, 2024. Filed Apr 22, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 5, 2024 · Filed Apr 22, 2024
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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 |
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, asthe 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
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 year ended December 28, 2024; | |
| | | | To approve an advisory resolution approving the compensation of our named executive officers; and | | |
| | | | To vote on an advisory basis on the frequency of future advisory votes on the compensation of our named executive officers. | |
Stockholders may also transact any other business properly brought before the meeting. To vote and ask questions at the Annual Meeting, you will need to use the control number or identification number from the proxy card or voting instruction form you receive with this Proxy Statement. Please be sure to retain this code from that document, review the procedures in advance, and allow time on the day of the meeting for check-in procedures prior to the meeting.
By Order of the Board of Directors,
Richard Medway
General Counsel, Chief Compliance & Sustainability Officer, & Secretary
April 22, 2024
Table of Contents
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