Spotify (NYSE: SPOT) plans 2026 AGM, eyes 10M-share buyback
Spotify Technology S.A. has called its 2026 annual general meeting for April 15, 2026 in Luxembourg. Holders of ordinary shares and beneficiary certificates as of the February 19, 2026 record date may attend and vote in person or by proxy.
Shareholders will vote on approving the 2025 annual accounts and consolidated financial statements and on using the 2025 profit. The Company reports comprehensive income of EUR 415,649,098, with EUR 125 proposed for the legal reserve and EUR 415,648,973 to be carried forward.
The agenda includes granting discharge to directors, reappointing a 12-member board through the meeting approving 2026 accounts, and appointing Ernst & Young S.A. (Luxembourg) as auditor for the same period. Shareholders are also asked to approve 2026 director remuneration, including grants valued at US$340,000 per non-employee director and US$30,000 for the Audit Committee chair, plus 280,000 ordinary shares reserved under the Board Remuneration Plan.
Another item seeks authority for the board to repurchase up to 10,000,000 ordinary shares over five years, at prices between par value and fair market value. Procedural delegations under Luxembourg law and detailed proxy and attendance instructions are also covered.
Positive
- None.
Negative
- None.
Exhibit No. | Description | ||
99.1 | Convening Notice and Proxy Statement for 2026 Annual General Meeting | ||
99.2 | Form of Proxy Card for 2026 Annual General Meeting | ||
99.3 | Notice of 2026 Annual General Meeting | ||
Spotify Technology S.A. | ||||||
Date: March 5, 2026 | By: | /s/ Kevan Choset | ||||
Name: | Kevan Choset | |||||
Title: | General Counsel | |||||

Sincerely, | |||
Daniel Ek Chairman | |||

1. | Approve the Company’s annual accounts for the financial year ended December 31, 2025 and the Company’s consolidated financial statements for the financial year ended December 31, 2025. |
2. | Approve the allocation of the Company’s annual results for the financial year ended December 31, 2025. |
3. | Grant discharge of the liability of the members of the Board of Directors of the Company for, and in connection with, the financial year ended December 31, 2025. |
4. | Appoint the members of the Board of Directors of the Company for the period ending at the general meeting approving the annual accounts for the financial year ending on December 31, 2026. |
• | Mr. Daniel Ek (A Director); |
• | Mr. Martin Lorentzon (A Director); |
• | Mr. Shishir Samir Mehrotra (A Director); |
• | Mr. Christopher Marshall (B Director); |
• | Mr. Barry McCarthy (B Director); |
• | Mr. Alex Norström (B Director); |
• | Ms. Heidi O’Neill (B Director); |
• | Mr. Ted Sarandos (B Director); |
• | Mr. Gustav Söderström (B Director); |
• | Mr. Thomas Owen Staggs (B Director); |
• | Ms. Mona Sutphen (B Director); and |
• | Ms. Padmasree Warrior (B Director). |
5. | Appoint Ernst & Young S.A. (Luxembourg) as the independent auditor for the period ending at the general meeting approving the annual accounts for the financial year ending on December 31, 2026. |
6. | Approve the directors’ remuneration for the year 2026. |
7. | Authorize the Board to buy back 10,000,000 shares issued by the Company during a period of five years, for a price that will be determined by the Board within the following limits: at least the par value and at the most the fair market value. |
8. | Authorize and empower each of Mr. Guy Harles and Mr. Alexandre Gobert to execute and deliver, under their sole signature, on behalf of the Company and with full power of substitution, any documents necessary or useful in connection with the annual filing and registration required by the Luxembourg laws. |

(a) | Street name holders |
(b) | Registered shareholders and holders of beneficiary certificates |
• | attending the Annual General Meeting and voting in person; |
• | delivering a written notice dated on or before April 10, 2026, at 5:00 p.m. Luxembourg time, 11:00 a.m. EDT at the address given below, stating that the proxy is revoked; or |
• | signing and delivering a subsequently dated proxy card prior to the vote at the Annual General Meeting. |
(a) | Registered shareholders and holders of beneficiary certificates |
(b) | Street name holders |
Result of the financial year: | EUR 415,649,098 | ||
Allocation to the legal reserve: | EUR 125 | ||
Result to be carried forward to the following financial year: | EUR 415,648,973 | ||
• | Mr. Daniel Ek (A Director); |
• | Mr. Martin Lorentzon (A Director); |
• | Mr. Shishir Samir Mehrotra (A Director); |
• | Mr. Christopher Marshall (B Director); |
• | Mr. Barry McCarthy (B Director); |
• | Mr. Alex Norström (B Director); |
• | Ms. Heidi O’Neill (B Director); |
• | Mr. Ted Sarandos (B Director); |
• | Mr. Gustav Söderström (B Director); |
• | Mr. Thomas Owen Staggs (B Director); |
• | Ms. Mona Sutphen (B Director); and |
• | Ms. Padmasree Warrior (B Director). |
• | reviewing and making recommendations to our Board of Directors related to our incentive-compensation plans and equity-based plans; |
• | establishing and reviewing the overall compensation philosophy of the Company; |
• | overseeing matters relating to the attraction, engagement, development, and retention of directors and employees, including executive officers; |
• | reviewing and approving total compensation for our Chief Executive Officer(s) and other executive officers; |
• | reviewing and making recommendations regarding the compensation to be paid to our non-employee directors; |
• | selecting and retaining a compensation consultant; |
• | monitoring our workforce inclusion strategy; and |
• | such other matters that are specifically delegated to the P&C Committee by our Board of Directors from time to time. |
• | appointing and replacing our independent registered public accounting firm, subject to shareholder approval; |
• | retaining, compensating, evaluating, and overseeing the work of our independent registered public accounting firm; |
• | reviewing with our independent registered public accounting firm any difficulties or material audit issues and the Company’s response to any management letters provided by the independent registered public accounting firm; |
• | discussing the annual audited financial statements and quarterly financial statements with management and our independent registered public accounting firm; |
• | reviewing and evaluating the Company’s enterprise risk management, including the Company’s data protection and cybersecurity programs; |
• | monitoring proposed changes in laws, rules, and regulations, and reviewing the Company’s material corporate policies and regulatory strategy; |
• | monitoring our climate strategy; and |
• | such other matters that are specifically delegated to our Audit Committee by our Board of Directors from time to time. |

