Celestica Inc. (NYSE: CLS) has announced its 2025 Annual and Special Meeting of Shareholders, officially set for Tuesday, June 17, 2025, at 9:30 a.m. EDT. This meeting will adopt a hybrid format, allowing shareholders to participate both physically and virtually. This significant update was shared on January 30, 2025, underlining the company’s commitment to engaging shareholders more effectively.
The record date for eligible voting shareholders is April 22, 2025, which determines who can receive notice of and vote at the upcoming meeting. Celestica will utilize the notice-and-access method to deliver its proxy materials. Shareholders will be able to access these materials on Celestica's website as well as the SEDAR+ and EDGAR platforms, ensuring transparency and accessibility.
During the meeting, shareholders will have the opportunity to participate live, ask questions, and cast their votes, reflecting Celestica's aim to increase shareholder engagement and facilitate direct interaction between company management and its investors.
Another important update from Celestica is the adoption of By-Law No. 2, effective January 29, 2025. This new by-law introduces advance notice requirements for the nomination of individuals seeking election as directors. This strategic move emphasizes the necessity for shareholder confirmation for nominations, which are to be discussed during the 2025 meeting.
The primary objective of the Advance Notice By-Law is to provide clarity around the nomination process for directors. It sets deadlines for the submission of nominations for elections at any annual or special meeting. The by-law also outlines the required information from shareholders to make any nominee eligible for election, adding structure and organization to the process.
“To strengthen our governance practices and give our shareholders confidence, the Advance Notice By-Law lays out the framework by which individuals may be nominated for election to our Board of Directors,” said a Celestica representative. This reflects the company’s aim to uphold transparency and accountability, core tenets of good corporate governance.
The adoption of this by-law needs to be ratified by the shareholders during the upcoming meeting, underscoring Celestica’s democratic approach to corporate governance. It sends a clear message to all stakeholders about the seriousness with which Celestica approaches shareholder input and the election of its Board members.
Celestica, headquartered in Toronto, is recognized as a leader in design, manufacturing, hardware platform, and supply chain solutions for various industries, including aerospace, defense, communications, and health technology. The company emphasizes its customer-centric approach, working closely with renowned brands to develop innovative solutions for complex challenges.
This year's changes, including the meeting announcement and new by-law, indicate Celestica's proactive steps toward enhancing shareholder involvement and its governance framework, ensuring stakeholders play a pivotal role in decision-making processes.
For shareholders interested in more details, all the necessary documents pertaining to the meeting will be available on their website, ensuring they are well-informed and able to participate meaningfully.
With these initiatives, Celestica positions itself not just as a manufacturing powerhouse but also as a company dedicated to cultivating shareholder relationships and laying down the foundation for responsible management practices.
By prioritizing transparency and accountability through the upcoming 2025 meeting and the introduction of By-Law No. 2, Celestica is set to continue its forward momentum as it stands at the intersection of corporate governance and shareholder engagement.