DEF 14A: Freshworks Announces 2024 Annual Meeting of Stockholders

Freshworks Inc. will hold its 2024 Annual Meeting of Stockholders virtually on June 6, 2024.

Summary

• Freshworks Inc. is holding its 2024 Annual Meeting of Stockholders virtually on Thursday, June 6, 2024, at 9:00 a.m. Pacific Time.
• The meeting will be held via a live, audio-only webcast at www.virtualshareholdermeeting.com/FRSH2024.
• Stockholders will vote on the election of three Class III directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
• The record date for the meeting is April 10, 2024.
• Stockholders can access proxy materials online or request a printed copy.

Sentiment

Score: 7

Explanation: The overall sentiment is positive, driven by strong financial performance and growth metrics. The virtual format of the meeting and classified board structure are standard practices, but could be viewed as less engaging for some stockholders.

Positives

• Freshworks achieved 20% year-over-year revenue growth in 2023, reaching $596.4 million.
• Non-GAAP operating margin improved to 7.5% in 2023 from (4.5)% in 2022.
• Free cash flow increased to $77.8 million in 2023 compared to $(14.8) million in 2022.
• The company surpassed $600 million in total ARR and $300 million in ARR for Freshservice.
• The number of larger customers contributing more than $50,000 in ARR increased by 31% year-over-year.

Future Outlook

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Next Steps

• Stockholders are encouraged to vote their shares online, by phone, or by mail.
• The preliminary voting results will be announced at the Annual Meeting.
• Final voting results will be published in a Form 8-K filing within four business days after the meeting.

Key Dates

Keywords

annual meeting, stockholders, proxy statement, director election, auditor ratification, Freshworks, corporate governance, executive compensation