Nordstrom (JWN) AGM 2025 summary

Opening remarks and agenda

• Chairman recognized the board, special committee, and management team for their dedication and efforts in evaluating the merger agreement.

• Legal counsel, proxy solicitor, and inspector of elections were introduced as present at the meeting.

• The meeting was called to order with three agenda items: merger agreement approval, executive compensation related to the merger, and potential adjournment.

Shareholder proposals

• Shareholders were to vote on the merger agreement with Norse Holdings Inc. and Navy Acquisition Co, Inc.

• A non-binding advisory vote on executive compensation related to the merger was presented.

• The proposal to adjourn the meeting was rendered moot due to sufficient votes for the merger.

Dividend announcements

• Questions were raised about the final dividend and transaction closing date; disclosure is planned for the following week.