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Duolingo | DEF 14A: Definitive information statements

SEC announcement ·  Apr 25 16:21
Summary by Moomoo AI
Duolingo, Inc., the language-learning platform, has announced its 2024 annual meeting of stockholders to be held virtually on June 12, 2024. The meeting will address the election of three Class III directors, the ratification of Deloitte & Touche LLP as the company's independent auditor for the fiscal year ending December 31, 2024, and an advisory vote on executive compensation. Stockholders of record as of April 15, 2024, are entitled to vote. The company's CEO, Luis von Ahn, invites stockholders to attend the webcast and vote on the matters at hand. Duolingo's proxy materials are available online, and stockholders may request printed copies. The company's performance in 2023 included a 45% increase in total bookings and a net income of $16.1 million, a significant improvement from the...Show More
Duolingo, Inc., the language-learning platform, has announced its 2024 annual meeting of stockholders to be held virtually on June 12, 2024. The meeting will address the election of three Class III directors, the ratification of Deloitte & Touche LLP as the company's independent auditor for the fiscal year ending December 31, 2024, and an advisory vote on executive compensation. Stockholders of record as of April 15, 2024, are entitled to vote. The company's CEO, Luis von Ahn, invites stockholders to attend the webcast and vote on the matters at hand. Duolingo's proxy materials are available online, and stockholders may request printed copies. The company's performance in 2023 included a 45% increase in total bookings and a net income of $16.1 million, a significant improvement from the previous year's net loss. The executive compensation program, consisting of base salary and equity, aligns with the company's performance-driven culture. The CEO's compensation is primarily equity-based, with a significant portion at risk, aligning with stockholder interests. The company's corporate responsibility initiatives focus on education access, employee development, community engagement, and environmental sustainability.
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