IDEXX Laboratories (IDXX) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order by the Independent Non-Executive Board Chair, with introductions of key executives and board members, including the announcement of CEO transition effective immediately after the meeting.

• Virtual format used for the 10th consecutive year to facilitate broad shareholder participation, with agenda and rules of conduct accessible online.

• Retiring board member M. Anne Szostak recognized for 14 years of service and contributions to governance and succession planning.

Board and executive committee updates

• CEO transition announced: Jay Mazelsky stepping down as President and CEO to become Executive Chair; Mike Erickson, CEO-elect, to assume CEO role and join the Board.

• Board composition updated with recognition of retiring member and introduction of PricewaterhouseCoopers representatives.

Shareholder proposals

• Six proposals presented: five management proposals and one shareholder proposal.

• Shareholder proposal (Proposal 6) sought to allow shareholders owning 10% of shares to call a special meeting; management countered with Proposal 5, setting a 25% threshold.

• Shareholder proponent argued Proposal 5's requirements were overly restrictive and urged support for Proposal 6.