New York City Teachers? Retirement Systems Submits a Shareholder Proposal to Planet Fitness
Published on 03/12/2025 at 17:15
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On March 12, 2025, Planet Fitness, Inc. filed a preliminary proxy statement stating that the New York City Teachers? Retirement Systems and the New York City Police Pension Fund submitted a shareholder proposal, requesting that the Board of Directors adopt a policy requiring the Company to publicly disclose its Consolidated EEO-1 Report, a comprehensive breakdown of its workforce by race, ethnicity and gender, which the Company is required to submit annually to the U.S Equal Employment Opportunity Commission (EEOC). The policy should require that the Company annually disclose its EEO-1 Report on its website and in its proxy statement, to be considered at the Company?s annual shareholders meeting scheduled to be held on May 6, 2025.
Planet Fitness, Inc. is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise, Corporate-owned stores, and Equipment. The Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States, Canada and Spain. The Equipment segment primarily includes the sale of equipment to franchisee-owned stores in the United States, Canada, and Mexico. The Company's subsidiaries operate three lines of business, which include licensing and selling franchises under the Planet Fitness trade name, owning, and operating fitness centers, and selling fitness-related equipment to franchisee-owned stores. The Company has approximately 2,617 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.
