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Maplebear (NASDAQ:CART), the parent company of Instacart, held its 2026 annual stockholders meeting, with shareholders approving all three proposals presented by the company’s board of directors.
Chris Rogers, Instacart’s Chief Executive Officer, President and Chairperson of the Board, opened the meeting by thanking stockholders for their support. Rogers also acknowledged several company executives and advisers who attended virtually, including Chief Financial Officer Emily Reuter, Chief Legal and Global Affairs Officer and Secretary Morgan Fong, Chief People Officer Christina Hall and Head of Investor Relations Rebecca Yoshiyama.
Rogers also noted the retirement of Michael Moritz from Instacart’s board, saying his “exceptional guidance has been instrumental in our growth and success as a public company” and that the company “deeply” appreciated his contributions over the years.
Shareholders Approve Director Nominees
Morgan Fong, Instacart’s Chief Legal and Global Affairs Officer and Secretary, conducted the formal business portion of the meeting. Fong said notice of the annual meeting had been mailed on April 9, 2026, to stockholders of record as of the close of business on April 1, 2026.
Fong also introduced Kathy Wheaton, who served virtually as Inspector of Elections. Wheaton confirmed that the company had received the necessary votes to constitute a quorum.
The first item of business was the election of two Class III directors to serve until the company’s 2029 annual meeting. The nominees were Meredith Kopit Levien and Lily Sarafan. According to Fong’s preliminary report, the proposal to elect Levien and Sarafan was carried.
PwC Appointment Ratified
Stockholders also ratified the appointment of PricewaterhouseCoopers as Maplebear’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
The board had recommended that shareholders vote in favor of the proposal, and Fong said the selection of PwC was ratified based on the preliminary results.
Executive Compensation Vote Approved
The third and final item of business was a non-binding advisory vote on the compensation of the company’s named executive officers, as described in the proxy statement. The board recommended approval of the proposal.
Fong said the advisory resolution concerning executive compensation was approved.
- Meredith Kopit Levien and Lily Sarafan were elected as Class III directors.
- PricewaterhouseCoopers was ratified as the company’s independent registered public accounting firm for fiscal 2026.
- The advisory vote on executive compensation was approved.
No Stockholder Questions Submitted
After the polls closed, Fong said the company would take a moment to see whether any stockholder questions relevant to the business of the meeting had been submitted. She said there were no relevant questions, and the meeting was closed.
The company said it expects to report final voting results on a Form 8-K to be filed with the Securities and Exchange Commission within four business days after the meeting.
About Maplebear (NASDAQ:CART)
Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.
Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.
