Steven Madden Shareholders Approve Key Corporate Amendments

Steven Madden (SHOO) just unveiled an update.

At Steven Madden, Ltd.’s 2024 Annual Meeting, stockholders approved significant amendments to the company’s incentive compensation plan, increasing the share authorization to 19 million and expanding the types of awards available to employees and consultants. They also greenlit the amended corporate charter, which includes new exculpation clauses for officers and other updates in line with Delaware law. Additionally, all board nominees were elected, the appointment of Ernst & Young LLP as independent auditors was ratified, executive compensation received a non-binding nod of approval, and the incentive plan amendments were sanctioned, reflecting a proactive engagement of the company’s shareholders in its governance and strategic incentive framework.

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