Lightspeed Commerce Shareholders Approve Governance Proposals Amid Transformation Progress
Lightspeed Commerce (NYSE:LSPD) shareholders approved all proposals at the company's annual and special meeting, including the election of seven directors, reappointment of PwC as auditor, executive compensation plan, and renewal of its equity incentive program. The vote reflects strong support for ongoing governance decisions and strategic direction. The CEO highlighted progress in fiscal 2026 under a multiyear transformation strategy, with customer locations up by 11% in key markets, adjusted EBITDA rising to C$72.5 million (up 35%), and positive adjusted free cash flow of C$18.2 million for the year. The company is focusing on North American retail and European hospitality while simplifying operations through divestitures like Upserve. Lightspeed also continued its share repurchase program, buying back $220 million worth of shares by March 2026 and renewing buybacks to return capital to shareholders.
Tickers: $LSPD
Topics: buybacks equity_incentive_plan governance